The details in the latest Consumer Price Index report could compel the Federal Reserve to raise interest rates.

The report comes at a pivotal moment for the Federal Reserve, which is scheduled to meet next week to decide whether to hike interest rates.

Although the CPI data is important, the Fed's 2% inflation benchmark is tied to the annual growth in the personal consumption expenditures, or PCE, price index produced by the Bureau of Economic Analysis.

Wholesale prices just flashed a warning that factories and farms absorb long before your grocery receipt does, and the Fed has to vote on interest rates before its own favorite inflation gauge even arrives.

Gold inched higher on Thursday amid a softer dollar, while market participants awaited key U.S. inflation data that could shape the Fed's interest-rate path.

Kevin Warsh is ushering in big changes as Fed Chairman, but Wall Street can't help but look for hints about the future; it might be right this time.

US consumers had mixed views on the inflation trajectory in August, seeing prices hold steady in the short- and long-term but expecting a drop over the next three years, a survey by the Federal Reserve Bank of New York showed Tuesday.

U.S. consumers’ outlook for inflation was little changed in August, as households’ worries about the job market and the state of their personal finances mounted, the New York Federal Reserve said in a report on Tuesday.