Latest Inflation News
Inflation forces homebuilders to take it slow, raise prices
LOS ANGELES (AP) — Even in the hottest U.S. housing market in more than a decade, new home construction has turned into a frustratingly uncertain and costly proposition for many homebuilders. Rising costs and shortages of building materials and labor are rippling across...
Fed likely to signal a coming pullback in economic support
WASHINGTON (AP) — The Federal Reserve is expected this week to send its clearest signal yet that it will start reining in its ultra-low-interest rate policies later this year, a first step toward unwinding the extraordinary support it's given the economy since the pandemic struck 18 months...
UK posts the biggest jump in annual inflation on record
LONDON (AP) — Consumer prices in the U.K. rose at their fastest recorded rate during August as global supply shortages and higher wages accentuated the uptick from pandemic-related discounts a year ago, official figures showed Wednesday. The Office for National...
Asian stocks follow Wall St lower amid growth concerns
BEIJING (AP) — Asian stock markets followed Wall Street down on Wednesday after U.S. inflation was lower than expected amid unease about the impact of the spread of the coronavirus's delta variant. Shanghai, Tokyo, Hong Kong and Sydney all retreated, giving up the...
US consumer prices rise 0.3% in August, lowest in 7 months
WASHINGTON (AP) — U.S. consumer prices rose a lower-than-expected 0.3% last month, the smallest increase in seven months and a hopeful sign that a recent jump in inflation may be cooling. The August gain was weaker than the 0.5% increase in July and a 0.9% surge in...
Asian stocks mixed as investors await US inflation data
BEIJING (AP) — Asian stock markets were mixed Tuesday as investors waited for an update on U.S. inflation that has been stronger than expected. Shanghai and Hong Kong advanced, while Tokyo and Seoul retreated. Wall Street's benchmark S&P 500...
Consumer prices, industrial production, retail sales
A look at some of the key business events and economic indicators upcoming this week: EYE ON INFLATION The Labor Department serves up its August reading of inflation at the consumer level Tuesday. Americans continue to face higher...
Asian shares trend lower after Wall St ends with weekly loss
Shares slipped Monday in most Asian markets after Wall Street benchmarks ended last week with a decline. Stocks fell in Tokyo, Hong Kong and Seoul but rose modestly in Sydney and Shanghai. Japan reported its wholesale prices were near a 13-year high...
Tech slide pulls S&P 500 down for its 5th straight loss
Wall Street capped a choppy day of trading Friday with another pullback for stocks and the S&P 500's first weekly loss in three weeks. The benchmark index fell 0.8%, its fifth straight decline, and ended 1.7% lower for the holiday-shortened week. That's it's biggest...
US producer prices jump an unprecedented 8.3% in August
WASHINGTON (AP) — Inflation at the wholesale level climbed 8.3% last month from August 2020, the biggest annual gain since the Labor Department started calculating the 12-month number in 2010. The Labor Department reported Friday that its producer price index — which...
