Latest Inflation News

Asian shares decline amid omicron, Fed, Ukraine jitters

Jan. 24, 2022 22:05 PM EST

TOKYO (AP) — Asian shares skidded Tuesday following a volatile day on Wall Street. Inflation-fighting measures from the Federal Reserve and the possibility of conflict between Russia and Ukraine are overhanging markets. Japan's benchmark Nikkei 225 slipped 2.0% in morning trading...

Biden answers inflation query by calling Fox reporter SOB

Jan. 24, 2022 21:43 PM EST

WASHINGTON (AP) — President Joe Biden responded to a question about inflation on Monday by calling a Fox News reporter a vulgarity. The president was in the East Room of the White House for a meeting of his Competition Council, which is focused on changing regulations and enforcing...

EXPLAINER: Why are oil prices high, and any relief in sight?

Jan. 24, 2022 12:35 PM EST

NEW YORK (AP) — Anyone who's bought food, paid rent or looked for a used car recently has come up against the billowing inflation that has engulfed the U.S. economy. And, with surging oil prices keeping gasoline high, so has anyone who’s filled up a car. Energy...

Dow falls 1,000 points to lowest level in 10 months, amid uncertainty over Federal Reserve's response to inflation

Jan. 24, 2022 12:21 PM EST
NEW YORK (AP) — Dow falls 1,000 points to lowest level in 10 months, amid uncertainty over Federal Reserve's response to inflation.

Fed to signal rate hike as it launches risky inflation fight

Jan. 24, 2022 11:12 AM EST

WASHINGTON (AP) — With inflation punishing consumers and threatening the economy, the Federal Reserve this week will likely signal its intent to begin raising interest rates in March for the first time in three years. The Fed's challenges will get only harder from there. Among the...

This week: Fed meeting, inflation data, Apple earnings

Jan. 24, 2022 00:13 AM EST

A look at some of the key business events and economic indicators upcoming this week: Fed meeting With inflation high and the economy strengthening, the Fed has made clear that it's nearly ready to end its bond-buying program meant to keep longer-term rates low, as...

Stocks fall, have worst week since March 2020; Netflix tanks

Jan. 21, 2022 17:45 PM EST

Stocks fell again on Wall Street Friday, capping off the worst weekly drop for the S&P 500 since the start of the pandemic. Investors have grown increasingly worried about rising inflation and how aggressive the Federal Reserve might be in raising interest rates to tamp it down....

Climate, COVID, China: Takeaways from online Davos event

Jan. 21, 2022 12:51 PM EST

GENEVA (AP) — Government and business leaders have urged cooperation on the world's biggest issues — climate change, the coronavirus pandemic and the economic recovery — at the World Economic Forum's virtual gathering. Speeches and discussions from the likes of Chinese...

Year 2: Biden plans more public outreach, less legislating

Jan. 21, 2022 00:19 AM EST

WASHINGTON (AP) — President Joe Biden has launched into his second year in office with a new focus on making fatigued Americans believe they’re better off under his leadership as he embraces a pared-back agenda before the midterm elections. The persistence of the coronavirus,...

Year 2: Biden plans more public outreach, less legislating

Jan. 20, 2022 19:50 PM EST

WASHINGTON (AP) — President Joe Biden launched into his second year in office Thursday with a new focus on making fatigued Americans believe they’re better off under his leadership as he embraces a pared-back agenda before the midterm elections. The persistence of the...