Latest Inflation News

Then and now: World transformed over Jimmy Carter's 94 years

Mar. 22, 2019 1:16 AM EDT

ATLANTA (AP) — Jimmy Carter cemented a new milestone Friday, becoming the longest-lived of the 44 men who have ascended to the American presidency. He surpasses George H.W. Bush, who died Nov. 30, 2018 — 171 days after he reached age 94. Here are some notable markers for Carter, the U.S. and the...

A hot US job market is coaxing people in from the sidelines

Mar. 21, 2019 8:31 PM EDT

WASHINGTON (AP) — A surprisingly strong burst of job growth over the past year has led many economists to wonder: Where are all the workers coming from? As recently as last spring, analysts had worried that hiring would slow as the pool of unemployed shrank. Many employers have complained for years that...

New Fed forecast for 2019: Slower growth and zero rate hikes

Mar. 21, 2019 12:11 AM EDT

WASHINGTON (AP) — The Federal Reserve sent a stark message Wednesday: The economy is slowing. And it won't be raising interest rates anytime soon. The Fed left its key short-term rate unchanged and projected no rate hikes this year, reflecting a dimmer view of the economy as growth weakens in the United...

Federal Reserve foresees no interest rate hikes in 2019

Mar. 20, 2019 6:01 PM EDT

WASHINGTON (AP) — The Federal Reserve left its key interest rate unchanged Wednesday and projected no rate hikes this year, reflecting a dimmer view of the economy as growth weakens in the United States and abroad. The Fed said it was keeping its benchmark rate — which can influence everything from...

Text of the Fed's statement after its meeting Wednesday

Mar. 20, 2019 5:06 PM EDT

WASHINGTON (AP) — Below is the statement the Fed released Wednesday after its policy meeting ended: Information received since the Federal Open Market Committee met in January indicates that the labor market remains strong but that growth of economic activity has slowed from its solid rate in the fourth...

UK inflation edges higher as Bank of England meets on rates

Mar. 20, 2019 5:50 AM EDT

LONDON (AP) — Official figures show that inflation edged higher in February but remains slightly below the Bank of England's target. The Office for National Statistics said Wednesday that consumer prices were 1.9 percent higher in the year to February, up from the 1.8 percent rate recorded in January....

Haiti parliament ousts prime minister in no-confidence vote

Mar. 18, 2019 8:41 PM EDT

PORT-AU-PRINCE, Haiti (AP) — Prime Minister Henry Ceant was thrown out of office by a no-confidence vote Monday prompted by government dysfunction and inability to quash inflation, blackouts and frequent opposition protests that have paralyzed Haiti. The Chamber of Deputies voted 93-6, with three...

Correction: Job Market-Workers Come Off the Sidelines story

Mar. 13, 2019 3:37 PM EDT

WASHINGTON (AP) — In a story March 7 about strong hiring drawing more people into the workforce, The Associated Press erroneously reported that TEKsystems is headquartered in Charlotte, North Carolina. Its headquarters is actually in Hanover, Maryland. The AP also erroneously reported that half of men...

US wholesale prices ticked up 0.1 percent in February

Mar. 13, 2019 8:49 AM EDT

WASHINGTON (AP) — U.S. wholesale prices barely increased last month after falling for three straight months, a sign there is little inflation pressure in the economy. The producer price index — which measures price changes before they reach the consumer — rose 0.1 percent in February, the...

US consumer prices rose 0.2 percent in February

Mar. 12, 2019 9:25 AM EDT

WASHINGTON (AP) — U.S. consumer prices rose 0.2 percent in February, pushed up slightly by higher gasoline and housing costs even as the prices for autos and clothing slumped. The Labor Department said Tuesday that the consumer price index rose a modest 1.5 percent last month from a year ago. Inflation has...