Latest Inflation News

Stock market today: Asia shares rise amid Bank of Japan focus after the Fed stands pat

Jun. 13, 2024 03:26 AM EDT

TOKYO (AP) — Asian shares mostly rose Thursday, as investors turned their attention to what the Bank of Japan might decide on monetary policy later this week. The Bank of Japan is not expected to raise its benchmark rate when it wraps up its meeting on Friday, but the economy is...

Stock market today: Asia shares rise amid Bank of Japan focus after the Fed stands pat

Jun. 12, 2024 23:56 PM EDT

TOKYO (AP) — Asian shares mostly rose Thursday, as investors turned their attention to what the Bank of Japan might decide on monetary policy later this week. The Bank of Japan is not expected to raise its benchmark rate when it wraps up its meeting on Friday, but the economy is...

Federal Reserve sees some progress on inflation but envisions just one rate cut this year

Jun. 12, 2024 17:40 PM EDT

WASHINGTON (AP) — Federal Reserve officials said Wednesday that inflation has fallen further toward their target level in recent months but signaled that they expect to cut their benchmark interest rate just once this year. The policymakers' forecast for one rate cut was down from...

How major US stock indexes fared Wednesday, 6/12/2024

Jun. 12, 2024 16:22 PM EDT

U.S. stocks closed higher following a surprisingly encouraging update on inflation. The S&P 500 rose 0.9% Wednesday, closing at another record high, after the Federal Reserve also gave reassurance that it still sees a cut to interest rates as likely this year. The Nasdaq...

Oracle, Casey's General Stores rise; Vera Bradley, PetMed fall, Wednesday, 6/12/2024

Jun. 12, 2024 16:16 PM EDT

NEW YORK (AP) — Stocks that traded heavily or had substantial price changes on Wednesday: Paramount Global, up 8 cents to $11.12. National Amusements ended talks on a possible merger of the film and television company with Skydance Media. Vera Bradley...

US inflation cooled in May in a sign that price pressures may be easing

Jun. 12, 2024 15:56 PM EDT

WASHINGTON (AP) — Inflation in the United States eased in May for a second straight month, a hopeful sign that an acceleration of prices that occurred early this year may have passed. The trend, if it holds, could move the Federal Reserve closer to cutting its benchmark interest rate from its...

Text of the policy statement the Federal Reserve released Wednesday

Jun. 12, 2024 14:44 PM EDT

WASHINGTON (AP) — Below is the statement the Federal Reserve released Wednesday after its latest policy meeting ended: Recent indicators suggest that economic activity has continued to expand at a solid pace. Job gains have remained strong, and the unemployment rate has remained...

Federal Reserve sees some progress on inflation but envisions just one rate cut this year

Jun. 12, 2024 14:05 PM EDT
WASHINGTON (AP) — Federal Reserve sees some progress on inflation but envisions just one rate cut this year.

US inflation cooled in May in sign that price pressures may be easing

Jun. 12, 2024 08:36 AM EDT
WASHINGTON (AP) — US inflation cooled in May in sign that price pressures may be easing.

Stock market today: Asian shares are mostly lower ahead of Fed decision on interest rates

Jun. 12, 2024 01:01 AM EDT

BANGKOK (AP) — Shares were mostly lower Wednesday in Asia ahead of a decision by the Federal Reserve on interest rates. In Japan, higher inflation and falling wages raised questions about how the central bank can navigate away from near-zero interest rates. The Bank of Japan will...