The Federal Reserve's preferred inflation measure cooled slightly in January, according to government data published Friday, although it remained stuck above the bank's long-term target. While inflation has remained stuck above the bank's long-term two percent target,

The year-over-year gain in the Fed’s preferred measure of inflation was in line with economists’ expectations and slowed from December’s 2.6% annual jump. The monthly readin

A new report out from the Commerce Department shows inflation cooled off slightly last month. The Personal Consumption Expenditures price index showed inflation rose 2.5% from the year before, down from December’s 2.