Millions of Americans braced for runaway inflation in response to President Trump's aggressive import tariffs. They're still waiting.

Inflation, which measures the rate of price increases over time, remains above the Bank of England's 2% target.

Based on this week’s jobs report, growth in average hourly earnings slowed to 3.5%, while price inflation is heating up.

The U.S. jobs market isn’t so hot, investors learned this week, but inflation is hotter than anyone would like. Just how much? We’ll find out Thursday.

Analysts say the latest inflation data strengthens the likelihood of a cut in interest rates by the Bank of England's Monetary Policy Committee on Thursday. That should make it cheaper for consumers to borrow money, but bring lower returns for savers.

Here's what economists expect, according to FactSet:

The U.K.'s inflation rate cooled sharply to 3.2% in November, boosting the chances of the Bank of England cutting interest rates at its final meeting of the year on Thursday. Economists had expected inflation to stand at 3.

The biggest undershoot in UK inflation in at least a year has added to signs of a cooling economy, economists warned on Wednesday, as households restrain spending and the labour m

President Donald Trump used his Wednesday night address to largely blame former President Joe Biden for most of the Nation’s shortcomings.