Latest Inflation News

FILE - In this Oct. 13, 2019, file photo a farmer harvests soybeans in a field near Concordia, Mo. On Wednesday, Jan. 15, 2020, the Labor Department releases the Producer Price Index for December. (AP Photo/Charlie Riedel, File)

US wholesale prices up slight 0.1% in December

Jan. 15, 2020 8:44 AM EST

WASHINGTON (AP) — U.S. wholesale prices rose a slight 0.1% in December as a jump in the cost of energy was offset by falling food prices. The Labor Department said Wednesday the December increase in its producer price index, which measures inflation pressures before they reach the consumer, followed no...

Mark Carney, Governor of the Bank of England speaks at a Bank of England Financial Stability Report Press Conference, in London, Monday, Dec. 16, 2019. (AP Photo/Kirsty Wigglesworth,pool)

UK inflation at lowest since late 2016, stokes rate cut talk

Jan. 15, 2020 6:23 AM EST

LONDON (AP) — Inflation in Britain has fallen to its lowest level since November 2016, official figures showed Wednesday, heightening expectations that the Bank of England will cut interest rates this month. The Office for National Statistics said consumer prices rose by 1.3% in the year to December, down...

FILE - In this Sept. 17, 2019, file  photo, a sign outside a gas station displays current prices for fuel in Orlando, Fla. The Labor Department said Tuesday, Jan. 14, 2020, that its consumer price index rose 0.2% last month, lifted by a 2.8% increase in gasoline prices. (AP Photo/John Raoux, File)

Rising energy costs lift US consumer prices 0.2% in December

Jan. 14, 2020 1:29 PM EST

WASHINGTON (AP) — Rising energy costs drove U.S. consumer prices higher in December, and American workers’ earnings couldn’t keep up. The Labor Department said Tuesday that its consumer price index rose 0.2% last month, lifted by a 2.8% increase in gasoline prices. Over the past year,...

FILE - In this Jan. 3, 2020, file photo the New York Stock Exchange is framed by the columns at Federal Hall National Memorial in New York. The U.S. stock market opens at 9:30 a.m. EST on Friday, Jan. 10. (AP Photo/Mary Altaffer, File)

US stocks pull back from records following jobs report

Jan. 10, 2020 4:31 PM EST

NEW YORK (AP) — U.S. stocks fell from their record heights on Friday after a report showed hiring was a touch weaker than expected last month. Employers added 145,000 jobs across the country in December, short of the 160,000 that economists forecast. But the growth was solid enough to bolster Wall...

FILE - In this Aug. 14, 2019, file photo former Fed Chair Janet Yellen speaks with FOX Business Network guest anchor Jon Hilsenrath in the Fox Washington bureau in Washington. In her first year as Federal Reserve chair, Yellen presided over a policy panel divided over the issue of how much longer the central bank could afford to keep its benchmark interest rate at a record low, and how to prepare financial markets for the start of rate hikes. (AP Photo/Andrew Harnik, File)

2014 Fed conundrum: How to alert markets rates were going up

Jan. 10, 2020 4:06 PM EST

WASHINGTON (AP) — In her first year as Federal Reserve chair, Janet Yellen presided over a policy panel divided over the issue of how much longer the central bank could afford to keep its benchmark interest rate at a record low, and how to prepare financial markets for the start of rate hikes. According to...

FILE - In this Aug. 24, 2018, file photo John Williams, left, President and CEO of the Federal Reserve Bank of New York, and Jerome Powell, Chairman of the Board of Governors of the Federal Reserve System walk together after Powell's speech at the Jackson Hole Economic Policy Symposium in Jackson Hole, Wyo. Williams said said Thursday, Jan. 9, 2020, that the Fed needs to re-orient its policies toward fighting inflation that is too low, rather than its historic focus on keeping inflation from getting too high. (AP Photo/Jonathan Crosby, File)

Fed should focus on fighting low inflation, official says

Jan. 9, 2020 2:29 PM EST

WASHINGTON (AP) — A top Federal Reserve official believes that the U.S. central bank needs to re-orient its thinking and policies toward fighting inflation that is too low, rather than its historic focus on keeping inflation from getting too high. John Williams, president of the New York Federal Reserve...

People shop for meat a supermarket in Handan in northern China's Hebei Province, Thursday, Jan. 9, 2020. Soaring pork prices that nearly doubled in December over a year ago kept inflation at a seven-year high despite government efforts to ease meat shortages caused by a disease outbreak, official data showed Thursday. (Chinatopix via AP)

Soaring pork prices keep China's inflation at 7-year high

Jan. 9, 2020 2:29 AM EST

BEIJING (AP) — Soaring pork prices that nearly doubled in December over a year ago kept inflation at a seven-year high despite government efforts to ease meat shortages caused by a disease outbreak, official data showed Thursday. Surging inflation adds to challenges for communist leaders who are trying to...

A cargo ship passes the buildings of the banking district on the river Main in Frankfurt, Germany, Monday, Dec. 30, 2019. (AP Photo/Michael Probst)

Eurozone inflation hits 6-month high before oil price spike

Jan. 7, 2020 6:08 AM EST

LONDON (AP) — Inflation across the 19-country eurozone spiked to a six-month high in December even before the recent jump in oil prices in the wake of escalating U.S.-Iran tensions, official figures showed Tuesday. Statistics agency Eurostat said prices increased across the board during December, helping...

FILE - In this Dec. 11, 2019, file photo Federal Reserve Chair Jerome Powell arrives to speak at a news conference after the Federal Open Market Committee meeting in Washington. On Thursday, Jan. 2, 2020, the Federal Reserve releases minutes from its December meeting when it kept its key interest rate unchanged. (AP Photo/Jacquelyn Martin, File)

Federal Reserve last month saw a declining risk of recession

Jan. 3, 2020 2:55 PM EST

WASHINGTON (AP) — The Federal Reserve’s policymaking committee saw much less risk of recession at its meeting last month, when it kept interest rates steady after three straight cuts and signaled that it expected to keep low rates unchanged through this year. Minutes of the December meeting,...

FILE - In this Nov. 29, 2019, file photo shoppers carry bags as they cross a street in San Francisco. Black Friday kicks off the start of the holiday shopping season. On Friday, Dec. 20, the Commerce Department issues its November report on consumer spending, which accounts for roughly 70 percent of U.S. economic activity. (AP Photo/Jeff Chiu, File)

US consumer spending up 0.4% in November, best since July

Dec. 20, 2019 5:21 PM EST

WASHINGTON (AP) — Americans increased their spending in November at the fastest pace in four months, and income growth rebounded to its strongest gain since August. The Commerce Department said Friday that consumer spending rose at a 0.4% annual rate last month, led by a jump in spending on durable goods...