Bloomberg US inflation accelerated in May to the fastest pace in more than six years, reinforcing the Federal Reserve’s outlook for gradual interest-rate hikes while eroding wage gains that remain relatively tepid despite an 18-year low in unemployment. The consumer price index rose 0.2 percent from the previous month and 2.8 percent from a year earlier, matching estimates, a Labor ...

Bloomberg President Donald Trump’s summit with North Korean leader Kim Jong-un produced a historic handshake but all of the work to make the deal a reality lies ahead, with no benchmarks for progress, follow-up meetings scheduled or even common agreement on what success would look like. The lack of any details contributed to an air of skepticism in Washington about ...

Bloomberg Fresh off his summit with North Korean leader Kim Jong-un, Donald Trump returned to Washington on June 13 to face what may be the biggest threat to his presidency — Special Counsel Robert Mueller. Now, Mueller is intent on quickly resolving a central issue with Trump’s legal team: whether the president will sit voluntarily for an interview in the ...