A new report from the San Francisco Federal Reserve Bank shows U.S. household inflation expectations rise when expecting higher gas prices, but remain relatively unchanged when prices at the pump drop.

Consumer prices in July were up 3.4% from a year ago — a smaller annual increase than in May or June. The news makes it less likely the Fed will feel the need to raise interest rates in September.

The price of gold tumbled further Monday, falling from a 15-week high the metal reached last week.

The temporary truce in the war with Iran sent gas prices – and thus inflation – lower in June, providing some fuel for a crucial economic engine: the American consumer.

Kevin M. Warsh, the chairman of the Federal Reserve, must soon decide whether to raise interest rates if inflation does not ease, even if it draws President Trump’s ire.

An inflation measure closely watched by the Federal Reserve was unchanged last month in the latest sign that many Americans are still struggling with higher costs.

Retailers face economic uncertainty, shifting consumer behavior and rapid AI adoption. Three priorities can help them stay ahead this holiday season.

By Stephen Culp and Niket Nishant NEW YORK, Aug 31 (Reuters) - U.S. stocks weakened on Monday with markets turning the page on a volatile month as a war-related price jump in crude revived inflation fears,