Latest Inflation News
European Central Bank more concerned about growth rebound
FRANKFURT, Germany (AP) — Officials at the European Central Bank at their last meeting had grown more concerned about chances for a return to stronger economic growth in the second half of the year as they underlined their readiness to deploy more stimulus if needed. The written account of the April 10...
Minutes show some on Fed still think rate hikes possible
WASHINGTON (AP) — Federal Reserve officials at their recent meeting believed the central bank could remain "patient" in deciding when to adjust interest rates, though some officials thought future rate hikes might still be needed. In minutes of the April 30-May 1 discussions released Wednesday, Fed...
Nonprofits turn to cryptocurrency to help needy Venezuelans
BARQUISIMETO, Venezuela (AP) — Andreina Cordero started the year skipping meals so her three kids could eat. Her husband, a construction worker, was out of a job. And the family's savings had been devastated by the nation's hyperinflation, limiting Cordero's children to a diet of rice, beans, pasta and...
UK inflation back above official target as energy costs rise
LONDON (AP) — Inflation in Britain rose in April back above the Bank of England's target rate following an uptick in energy prices and airfares, official figures showed Wednesday. The Office for National Statistics said that consumer prices in the year to April were up 2.1 percent, against 1.9 percent in...
Powell says he sees 'moderate' risk from corporate debt
WASHINGTON (AP) — Federal Reserve Chairman Jerome Powell said Monday that the central bank is closely monitoring a sharp rise in corporate debt but currently does not see the types of threats that triggered the 2008 financial crisis. In remarks to a banking conference in Fernandina Beach, Florida, Powell...
US consumer prices rose 0.3% on higher gas, housing costs
WASHINGTON (AP) — U.S. consumer prices increased 0.3% in April, led by more expensive gasoline, apartment rents and appliances. The Labor Department said Friday that the consumer price index climbed 2% in the year ending in April. Excluding the volatile food and energy categories, core prices increased...
Wholesale prices edge up 0.2 percent in April
WASHINGTON (AP) — U.S. wholesale prices edged up 0.2% in April, driven higher by a big jump in energy costs. The Labor Department says the increase in its producer price index, which measures inflation pressures before they reach the consumer, followed an even bigger 0.6% March increase. Wholesale prices...
Some House members considering taking a pay raise this year
WASHINGTON (AP) — Some senior House lawmakers, frustrated by a decade of frozen congressional salaries, are quietly exploring whether to accept an annual pay raise that they've shunned since Barack Obama was first president. It's a longshot at best, requiring comity that's in short supply in a Capitol...
Eurozone inflation ticks up in hopeful sign for central bank
FRANKFURT, Germany (AP) — Inflation rose in April in the 19-country eurozone, at first glance an encouraging sign for the European Central Bank in its struggle to sustainably raise prices. The European Union's statistics agency Eurostat said Friday that annual inflation rose to 1.7% in April from 1.4% in...
A Trump dilemma: Finding a dovish GOP ally to serve on Fed
WASHINGTON (AP) — The withdrawal Thursday of Stephen Moore, President Donald Trump's choice for the Federal Reserve board, has thrown a spotlight on the tough task Trump has set for himself: Finding a rare conservative ally who both favors cutting interest rates and is respected enough to win Senate...
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