The incoming president is set to inherit three months of rising inflation from his predecessor, the Consumer Price Index shows.

Consumer price growth ticked up in December, a sign President-elect Donald Trump will inherit the inflation issues that ... Even as the broader inflation index picked up, a measure that strips out volatile food and gas items climbed less than expected.

The Republican has promised strong growth, high tariffs, income tax cuts and booming oilfields. But despite the solid job market and low 4.1% unemployment rate, he has to contend with headwinds like inflation, a budget deficit, increased tensions over trade, the fallout from his plans to curtail immigration and a persistent wealth gap.

Trump will probably seek to ease inflation and lower prices by drilling for more oil, loosening regulations, reducing federal spending, experts say.

President Trump campaigned on the promise to bring down the U.S. cost of living. That could be easier said than done.

Despite the 2024 campaign rhetoric, Joe Biden is leaving Donald Trump a healthy economy that may be better off left alone.

American consumers are once again worried about inflation, the issue that may have cost former President Joe Biden the 2024 election, as President Donald Trump ’s administration advances its economic agenda, according to the latest consumer sentiment reading from the University of Michigan.

Investors are snapping up crude oil futures as a hedge against the risk that U.S. President Donald Trump's threatened trade tariffs will cause a resurgence in global inflation, adding momentum to a recent rally in oil prices sparked by a tightening of sanctions on Russia.

Trump is banking on voters giving him a pass and continuing to blame former President Joe Biden for high prices. The Republican’s comments reflect the reality that presidents have almost no levers to reduce inflation quickly without causing collateral damage to other parts of the economy.

Traders should keep watch on US Retail Sales data on Thursday, as it could increase volatility to Bitcoin price.

“This begins with confronting the economic chaos caused by the failed policies of the last administration,” Trump told the World Economic Forum on Thursday. Here are five economic forces that could shape the first year of Trump’s presidency: Whipping inflation is easier said than done.

Donald Trump said he owed his victory to Americans’ anger over immigration and inflation, specifically the rising cost of groceries. “When you buy apples, when you buy bacon, when you buy eggs, they would double and triple the price over a short period ...