Federal Reserve Chair Jerome Powell says the prospect of a further rise in core inflation is real, noting the central bank will wait for more data before adjusting the current policy stance.

US officials estimate the cost of operations involving Iran has reached $50 billion, doubling the Pentagon's previous $25 billion projection. The figure excludes long-term costs and destroyed equipment.

US officials report that the cost of operations involving Iran has reached nearly $50 billion, a figure that doubles the Pentagon's initial $25 billion estimate and excludes expenses for destroyed equipment and long-term liabilities.

U.S. inflation posts biggest annual gain in nearly three years in March.

U.S. inflation in March recorded its largest annual increase in nearly three years.

Pentagon says Iran conflict has cost U.S. taxpayers $25 billion so far.

The Pentagon states that the Iran conflict has cost U.S. taxpayers $25 billion to date.

Outgoing Fed Chair Jerome Powell announces he will remain on the central bank's board of governors for an unspecified period, potentially delaying President Trump's plans for leadership changes at the institution.

Outgoing Federal Reserve Chair Jerome Powell has announced he will remain on the central bank's board of governors for an unspecified period, a move that may impact President Donald Trump's plans for the institution.