Latest Inflation News
Stock market today: Most of Wall Street slips following mixed data on the economy
NEW YORK (AP) — Most stocks slipped on Wall Street Tuesday, but the market hung near its best level in 20 months following mixed reports that kept alive questions about whether the U.S. economy can pull off a perfect landing where it snuffs out high inflation but avoids a recession. ...
US job openings fall to lowest level since March 2021 as labor market cools
WASHINGTON (AP) — U.S. employers posted 8.7 million job openings in October, the fewest since March 2021, in a sign that hiring is cooling in the face of higher interest rates yet remains at a still-healthy pace. The Labor Department's report said Tuesday that openings were down...
Stock market today: Asian shares slip ahead of key US economic reports
TOKYO (AP) — Asian shares declined in cautious trading Tuesday ahead of some key reports this week on the U.S. job market that might provide insight into the Federal Reserve’s thinking about interest rates. U.S. futures slipped and oil prices were little changed. ...
Economists predict US inflation will keep cooling and the economy can avoid a recession
NEW YORK (AP) — Most business economists think the U.S. economy could avoid a recession next year, even if the job market ends up weakening under the weight of high interest rates, according to a survey released Monday. Only 24% of economists surveyed by the National Association...
Stock market today: Wall Street extends its rally and closes at highest level since March 2022
A broad rally on Wall Street closed out a fifth straight week of gains for the market Friday, driving the S&P 500 to its highest level in more than a year. The benchmark index rose 0.6%, eclipsing its previous high for the year set in July. The Dow Jones Industrial Average closed...
Fed's Powell notes inflation is easing but downplays discussion of interest rate cuts
WASHINGTON (AP) — Inflation is slowing steadily, but it’s too early to declare victory or to discuss when the Federal Reserve might cut interest rates, Chair Jerome Powell said Friday. Speaking at Spelman College in Atlanta, Powell noted that consumer prices, excluding volatile...
Stock market today: Asian shares slip after Wall Street ends its best month of '23 with big gains
HONG KONG (AP) — Asian shares declined on Friday even after Wall Street closed out its best month of the year with big gains in November. U.S. futures rose while oil prices continued to drop despite the latest extension of OPEC’s production cuts. Even with continued cuts to...
Some OPEC+ members will cut the oil that they send to the world to try to boost prices
LONDON (AP) — The OPEC oil cartel led by Saudi Arabia and allied producers including Russia made another big swipe at propping up lagging crude prices Thursday, expanding some output cuts into next year and bringing up-and-coming oil supplier Brazil into the fold. Lower oil prices...
Federal Reserve's preferred inflation gauge shows price pressures continuing to cool
WASHINGTON (AP) — The Federal Reserve's preferred inflation measure cooled last month, the latest sign that price pressures are waning in the face of high interest rates and moderating economic growth. Thursday’s report from the Commerce Department said prices were unchanged...
Inflation in Europe falls to 2.4% as interest rates pack a punch. But the economy has stalled
LONDON (AP) — Europeans again saw some relief as inflation dropped more than expected to 2.4% in November, the lowest in over two years, as plummeting energy costs have eased a cost-of-living crisis but higher interest rates squeeze the economy's ability to grow. Inflation for the...
