What the Consumer Price Index measures
The Consumer Price Index measures the average change over time in the prices urban consumers pay for a representative basket of goods and services, according to the U.S. Bureau of Labor Statistics.
Topic
Inflation
Federal Reserve holds federal funds rate at 3.75% to 4%
The Federal Open Market Committee voted 10-2 to keep the federal funds rate target at 3.75% to 4%.
U.S. Bureau of Labor Statistics reports 7.4 million job gains
Gross job gains from expanding and opening private-sector establishments were 7.4 million in the first quarter of 2026.