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Fed’s Preferred Inflation Gauge Points to Continued Price Pressures

The Personal Consumption Expenditures price index showed little sign of easing in August, though revised data showed inflation had been slightly cooler than previously believed.

Β© Anna Rose Layden for The New York Times

The immediate question confronting Federal Reserve officials, led by Kevin M. Warsh, is how quickly they need to deliver additional rate increases in order to firm their grip on inflation.

Trump Sharply Scales Back Fuel Economy Rules for New Cars

The move marked the final step in the administration’s efforts to dismantle policies aimed at speeding the shift to electric vehicles.

Β© Kenny Holston/The New York Times

The new standards should be relatively easy for automakers to meet, analysts said.
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