Latest Inflation News
Asia shares sag after retreat on Wall St, weaker Japan data
BANGKOK (AP) — Shares fell Thursday in Asia after a retreat on Wall Street driven by sell-offs of technology shares, homebuilders and retailers. A report of weaker Japanese exports in September underscored uncertainties over the outlook for trade. KEEPING SCORE: Japan's Nikkei 225 index sank 0.7 percent to...
Fed officials discussed hiking rates to 'restrictive' level
WASHINGTON (AP) — Federal Reserve officials last month debated how high they should raise interest rates to achieve their economic goals, with some arguing that they might need to lift rates to a level that would modestly restrain growth. In the end, the Fed modestly raised its key short-term rate and...
UK inflation drop eases central bank dilemma ahead of Brexit
LONDON (AP) — Inflation in Britain eased markedly during September, official figures showed Wednesday, a development that lowers the pressure on the Bank of England to raise interest rates at a time when the country faces acute uncertainty from Brexit. The Office for National Statistics said consumer...
Trump escalates his attacks on Fed: 'My biggest threat'
WASHINGTON (AP) — Stepping up his attacks on the Federal Reserve, President Donald Trump declared Tuesday that the Fed is "my biggest threat" because he thinks it's raising interest rates too quickly. Trump said he doesn't speak with Chairman Jerome Powell because of the Fed's political independence but...
Global stocks rise amid strong earnings reports
SINGAPORE (AP) — World stock markets were mostly higher Tuesday after strong earnings reports in the United States. KEEPING SCORE: France's CAC 40 added 0.4 percent to 5,116, while Britain's FTSE 100 fell 0.2 percent to 7,016. Germany's DAX rose 0.6 percent to 11,687. Italy's FTSE MIB jumped 1.1 percent to...
Asian shares up on hopes that US, China will solve dispute
SINGAPORE (AP) — Asian markets were mostly higher on Tuesday, though Chinese benchmarks fell after the government reported inflation rose for the fourth straight month. KEEPING SCORE: Japan's benchmark Nikkei 225 added 0.3 percent to 22,317.06. The Kospi in South Korea recovered 0.1 percent to 2,145.71....
Asian markets mixed on strong Chinese trade data
SINGAPORE (AP) — Asian stocks were mixed on Friday as better-than-expected Chinese trade data gave some markets a breather from worries about the impact of punitive tariffs. KEEPING SCORE: Japan's benchmark Nikkei 225 racked up more losses after falling almost 4 percent in the previous day. The index...
Trump steps up his attacks on Federal Reserve's rate hikes
WASHINGTON (AP) — President Donald Trump on Thursday escalated his attack on the Federal Reserve's interest rate increases, asserting that "the Fed is out of control" and blaming it for this week's plunge in stock prices. "It's a correction that I think is caused by the Federal Reserve with interest...
Social Security checks will grow in 2019 as inflation rises
WASHINGTON (AP) — Tens of millions of Social Security recipients and other retirees will get a 2.8 percent boost in benefits next year as inflation edges higher. It's the biggest increase most retired baby boomers have gotten. Following a stretch of low inflation, the cost-of-living adjustment, or COLA,...
US consumer prices up slight 0.1 percent in September
WASHINGTON (AP) — Consumer prices edged up a slight 0.1 percent in September as energy prices retreated after a big gain in August. The Labor Department said Thursday that the September gain in its closely watched consumer price index followed a 0.2 percent rise in August. It was the smallest monthly gain...
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