Latest Inflation News
A new $2.3 trillion Fed plan to aid localities and companies
WASHINGTON (AP) — The Federal Reserve unleashed a new series of moves Thursday to try to make loans available to states, localities and companies that have been hard hit by the coronavirus. In doing so, the Fed will pump an additional $2.3 trillion into the U.S. economy. The central bank, in part, is...
Wholesale prices fall 0.2% in March
WASHINGTON (AP) — Wholesale prices fell for a second consecutive month, led by a big drop in energy prices. The Labor Department reported Thursday that its producer price index, designed to measure inflation before it reaches the consumer, dropped 0.2% in March after a bigger 0.6% decline in February....
Inflation in Europe sags amid outbreak, oil price decline
FRANKFURT, Germany (AP) — Inflation in the 19 countries that use the euro currency sagged to 0.7% in March from 1.2% February as the virus outbreak and an oil price war between Saudi Arabia and Russia rippled through the economy. A key factor in the officials figures published Tuesday was volatile energy...
US consumer spending up modest 0.2% in February
WASHINGTON (AP) — Americans increased their spending by a modest amount in February but the expectation is that spending will be hit hard in coming months reflecting the shutdown of the American economy by the coronavirus. The Commerce Department reported Friday that spending edged up 0.2% in February,...
Q&A: What did the Fed do Monday and who will it help?
WASHINGTON (AP) — The Federal Reserve took several aggressive steps Monday to support an economy ravaged by the effects of the coronavirus. The amount of money involved is huge and the Fed's ambitions are vast: It wants to make loans available to companies and governments so they can pay bills and...
Fed statement Sunday announcing emergency action for economy
WASHINGTON (AP) — Here is a statement the Federal Reserve issued Sunday announcing emergency action to aid the economy in the face of the coronavirus outbreak: The coronavirus outbreak has harmed communities and disrupted economic activity in many countries, including the United States. Global financial...
Retired or nearly there? How to weather a market downturn
A bad stock market is unsettling for any investor. For retirees and near-retirees, though, bad markets can be dangerous. Stock market losses early in retirement can significantly increase your chances of running short of money. But there are ways to mitigate the risk. Financial planners say the following actions...
US wholesale prices fall 0.6%, biggest decline in 5 years
WASHINGTON (AP) — U.S. wholesale prices fell 0.6% in February, the biggest decline in five years, led by a sharp drop in energy costs. The Labor Department said the decline in its producer price index, which measures price pressures before they reach the consumer, followed a 0.5% rise in January. It was...
China food prices spike as anti-virus effort disrupts supply
BEIJING (AP) — China's food prices jumped 21.4% over a year earlier in February as anti-virus efforts disrupted supplies, adding to pressure on communist leaders who are trying to revive economic activity. Overall consumer prices rose 5.2% over a year ago, down from January's eight-year high of 5.4% but...
Plunging yields force investors and Fed to rethink strategy
WASHINGTON (AP) — The response in stock markets to the growing risk from the coronavirus has been swift and fierce. But a better gauge of fear on Wall Street may be the bond market, where the moves over the past few weeks have been even more breathtaking. Interest rates on a range of U.S. government bonds...
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