Consumer Price Index inflation has been slowing compared with a year ago, but the monthly figure likely picked back up in January.

The Federal Reserve has raised rates rapidly. But instead of cracking, some data point to an economy that’s thriving.

The White House has embraced signs that the economy is strong. For the Fed, that strength could prolong its fight against inflation.

The Fed is tracking incoming labor figures as it decides how high interest rates need to go and how long they should stay elevated.

The central bank is expected to lift interest rates and offer signals about what might come next.

The Employment Cost Index, which Federal Reserve officials watch closely as a gauge of pay trends, is picking up more slowly.

America’s central bank is expected to raise rates by a quarter point on Wednesday. The question now is what comes next.

The Personal Consumption Expenditures price index climbed 5 percent from a year earlier, slower than the reading last month.

After six months of declines, inflation seems to be turning a corner. But the road back to normal is an uncertain one.

John C. Williams, the president of the Federal Reserve Bank of New York, said central bankers must “keep moving” in their inflation fight.