In assessing the appropriate stance of monetary policy, the Committee will continue to monitor the implications of incoming information for the economic outlook. The Committee would be prepared to ...

OTTAWA--Bank of Canada Gov. Tiff Macklem said Wednesday that it is possible the central bank's preferred gauges of core inflation might be overstating how much prices are rising.

In an updated forecast, Fed officials now see core PCE inflation jumping to 3.1% by the end of the year from the current 2.5% rate in April. This is much higher than the 2.8% core rate forecast in ...