Latest Inflation News

FILE - In this March 25, 2020 file photo,  a closed sign hangs in the window of a shop in Portsmouth, N.H., due to caronavirus concerns.  The Federal Reserve is taking additional steps to provide up to $2.3 trillion in loans to suport American households and businesses as well as local governments as they deal with the coronavirus. The Fed said Thursday, April 9,  among the actions it is taking is the activation of a Main Street Lending Program that was authorized by the $2.3 trillion economic relief bill pass by Congress last month. (AP Photo/Charles Krupa, File)

A new $2.3 trillion Fed plan to aid localities and companies

Apr. 9, 2020 3:05 PM EDT

WASHINGTON (AP) — The Federal Reserve unleashed a new series of moves Thursday to try to make loans available to states, localities and companies that have been hard hit by the coronavirus. In doing so, the Fed will pump an additional $2.3 trillion into the U.S. economy. The central bank, in part, is...

Latricia Lewis prepares finished masks for packaging at the Carole Fabrics facility in Augusta, Ga., Tuesday, April 7, 2020. Carole Fabrics has converted its  factory from manufacturing drapes and window coverings to now making coronavirus masks. (Michael Holahan/The Augusta Chronicle via AP)

Wholesale prices fall 0.2% in March

Apr. 9, 2020 1:22 PM EDT

WASHINGTON (AP) — Wholesale prices fell for a second consecutive month, led by a big drop in energy prices. The Labor Department reported Thursday that its producer price index, designed to measure inflation before it reaches the consumer, dropped 0.2% in March after a bigger 0.6% decline in February....

A woman walks over a bridge with the European Central Bank in background in Frankfurt, Germany, as the sun rises Monday, March 30, 2020. Due to the coronavirus the economy expects heavy losses. For most people, the new coronavirus causes only mild or moderate symptoms, such as fever and cough. For some, especially older adults and people with existing health problems, it can cause more severe illness, including pneumonia. (AP Photo/Michael Probst)

Inflation in Europe sags amid outbreak, oil price decline

Mar. 31, 2020 5:15 AM EDT

FRANKFURT, Germany (AP) — Inflation in the 19 countries that use the euro currency sagged to 0.7% in March from 1.2% February as the virus outbreak and an oil price war between Saudi Arabia and Russia rippled through the economy. A key factor in the officials figures published Tuesday was volatile energy...

Patrons wait in line keeping social distancing on the parking lot behind a Trader Joe's grocery store in Los Feliz neighborhood of Los Angeles on Thursday, March 26, 2020. As supermarkets remained one of the few retail businesses still open, a union representing more than 120,000 grocery store employees and 15,000 who work in drug stores started a petition drive for safer working conditions. (AP Photo/Damian Dovarganes)

US consumer spending up modest 0.2% in February

Mar. 27, 2020 9:52 AM EDT

WASHINGTON (AP) — Americans increased their spending by a modest amount in February but the expectation is that spending will be hit hard in coming months reflecting the shutdown of the American economy by the coronavirus. The Commerce Department reported Friday that spending edged up 0.2% in February,...

Federal Reserve Chair Jerome Powell speaks during a news conference, Tuesday, March 3, 2020, to discuss an announcement from the Federal Open Market Committee, in Washington. In a surprise move, the Federal Reserve cut its benchmark interest rate by a sizable half-percentage point in an effort to support the economy in the face of the spreading coronavirus. Chairman Jerome Powell noted that the coronavirus

Q&A: What did the Fed do Monday and who will it help?

Mar. 24, 2020 12:01 AM EDT

WASHINGTON (AP) — The Federal Reserve took several aggressive steps Monday to support an economy ravaged by the effects of the coronavirus. The amount of money involved is huge and the Fed's ambitions are vast: It wants to make loans available to companies and governments so they can pay bills and...

Fed statement Sunday announcing emergency action for economy

Mar. 15, 2020 5:49 PM EDT

WASHINGTON (AP) — Here is a statement the Federal Reserve issued Sunday announcing emergency action to aid the economy in the face of the coronavirus outbreak: The coronavirus outbreak has harmed communities and disrupted economic activity in many countries, including the United States. Global financial...

FILE - This undated file photo provided by NerdWallet shows Liz Weston, a columnist for personal finance website When stock markets are rattled by news events, it’s unsettling for any investor — but especially so for those who are retired (or nearly there). The first thing anyone with an investment portfolio should do is make sure it’s properly balanced, taking both income needs and risk tolerance into account. (NerdWallet via AP, File)

Retired or nearly there? How to weather a market downturn

Mar. 13, 2020 4:18 PM EDT

A bad stock market is unsettling for any investor. For retirees and near-retirees, though, bad markets can be dangerous. Stock market losses early in retirement can significantly increase your chances of running short of money. But there are ways to mitigate the risk. Financial planners say the following actions...

FILE - In this Aug. 27, 2013, file photo, workers load large containers of nectarines for sorting at Eastern ProPak Farmers Cooperative in Glassboro, N.J. U.S. wholesale prices fell 0.6% in February 2020, the biggest decline in five years, led by a sharp drop in energy costs. The Labor Department said the decline in its producer price index, which measures price pressures before they reach the consumer, followed a 0.5% rise in January. It was the sharpest decline since a similar 0.6% drop in January 2015. (AP Photo/Mel Evans, File)

US wholesale prices fall 0.6%, biggest decline in 5 years

Mar. 12, 2020 8:50 AM EDT

WASHINGTON (AP) — U.S. wholesale prices fell 0.6% in February, the biggest decline in five years, led by a sharp drop in energy costs. The Labor Department said the decline in its producer price index, which measures price pressures before they reach the consumer, followed a 0.5% rise in January. It was...

China food prices spike as anti-virus effort disrupts supply

Mar. 10, 2020 1:48 AM EDT

BEIJING (AP) — China's food prices jumped 21.4% over a year earlier in February as anti-virus efforts disrupted supplies, adding to pressure on communist leaders who are trying to revive economic activity. Overall consumer prices rose 5.2% over a year ago, down from January's eight-year high of 5.4% but...

Trader Michael Milano, center, works on the floor of the New York Stock Exchange, Friday, March 6, 2020. Stocks are opening sharply lower on Wall Street and bond yields are sinking to more record lows as investors fear that economic damage from the spreading coronavirus outbreak will be longer than previously thought. (AP Photo/Richard Drew)

Plunging yields force investors and Fed to rethink strategy

Mar. 6, 2020 7:07 PM EST

WASHINGTON (AP) — The response in stock markets to the growing risk from the coronavirus has been swift and fierce. But a better gauge of fear on Wall Street may be the bond market, where the moves over the past few weeks have been even more breathtaking. Interest rates on a range of U.S. government bonds...