Latest Inflation News

Asian markets mixed on strong Chinese trade data

Oct. 11, 2018 11:57 PM EDT

SINGAPORE (AP) — Asian stocks were mixed on Friday as better-than-expected Chinese trade data gave some markets a breather from worries about the impact of punitive tariffs. KEEPING SCORE: Japan's benchmark Nikkei 225 racked up more losses after falling almost 4 percent in the previous day. The index...

Trump steps up his attacks on Federal Reserve's rate hikes

Oct. 11, 2018 4:05 PM EDT

WASHINGTON (AP) — President Donald Trump on Thursday escalated his attack on the Federal Reserve's interest rate increases, asserting that "the Fed is out of control" and blaming it for this week's plunge in stock prices. "It's a correction that I think is caused by the Federal Reserve with interest...

Social Security checks will grow in 2019 as inflation rises

Oct. 11, 2018 1:28 PM EDT

WASHINGTON (AP) — Tens of millions of Social Security recipients and other retirees will get a 2.8 percent boost in benefits next year as inflation edges higher. It's the biggest increase most retired baby boomers have gotten. Following a stretch of low inflation, the cost-of-living adjustment, or COLA,...

US consumer prices up slight 0.1 percent in September

Oct. 11, 2018 10:30 AM EDT

WASHINGTON (AP) — Consumer prices edged up a slight 0.1 percent in September as energy prices retreated after a big gain in August. The Labor Department said Thursday that the September gain in its closely watched consumer price index followed a 0.2 percent rise in August. It was the smallest monthly gain...

European Central Bank confident in plan to remove stimulus

Oct. 11, 2018 8:43 AM EDT

FRANKFURT, Germany (AP) — Top European Central Bank officials expressed confidence at their last meeting that inflation is trending toward levels consistent with a strong economy — more confirmation that their 2.5 trillion-euro ($2.9 trillion) stimulus program will cease at year end. The written...

Losses on Wall Street ripple through Asia; stocks slump

Oct. 11, 2018 12:46 AM EDT

SINGAPORE (AP) — Asian markets were broadly lower on Thursday after Wall Street slumped on a heavy selling of technology and internet stocks. Japan's benchmark fell by an unusually wide margin of 3.9 percent and China's main index lost 4.3 percent. Markets in Hong Kong, South Korea, Australia and Southeast...

Q&A: Why rising interest rates are shaking financial markets

Oct. 11, 2018 12:06 AM EDT

NEW YORK (AP) — The foundation at the center of the investment world is shaking. U.S. Treasury bonds are considered among the closest approximations to a "safe" investment in the financial system, which makes them a benchmark for most other investments. A pronounced move in Treasury prices ripples through...

Q&A: Why rising interest rates are shaking financial markets

Oct. 10, 2018 8:20 PM EDT

NEW YORK (AP) — The foundation at the center of the investment world is shaking. U.S. Treasury bonds are considered among the closest approximations to a "safe" investment in the financial system, which makes them a benchmark for most other investments. A pronounced move in Treasury prices ripples through...

Egypt's inflation rises to 15.4 percent amid price hikes

Oct. 10, 2018 11:25 AM EDT

CAIRO (AP) — Egypt said Wednesday that inflation jumped to 15.4 percent in September, a rise of more than two percentage points over the previous month and the highest level since eight months ago. Data released by the state statistics bureau showed an increase in food and beverages prices, the single...

US wholesale prices rose just 0.2 percent in September

Oct. 10, 2018 8:48 AM EDT

WASHINGTON (AP) — U.S. wholesale prices rose a mild 0.2 percent last month, held down by lower food and energy costs, suggesting that inflation remains in check despite the economy's robust growth. The Labor Department said Wednesday that its producer price index — which measures inflation before it...