Latest Inflation News

Broadcom, Korn Ferry rise; Signet Jewelers, Repligen fall, Thursday, 6/13/2024

Jun. 13, 2024 16:45 PM EDT

NEW YORK (AP) — Stocks that traded heavily or had substantial price changes on Thursday: John Wiley & Sons Inc., up $4.42 to $40.90. The publisher's fiscal fourth-quarter earnings and revenue beat analysts' forecasts. Broadcom Inc., up $183.48 to...

Argentina's monthly inflation falls to 4.2%, the lowest in two years, even as annual inflation remains near 300%

Jun. 13, 2024 15:20 PM EDT
BUENOS AIRES, Argentina (AP) — Argentina's monthly inflation falls to 4.2%, the lowest in two years, even as annual inflation remains near 300%.

US wholesale prices dropped in May, adding to evidence that inflation pressures are cooling

Jun. 13, 2024 09:39 AM EDT

WASHINGTON (AP) — Wholesale price increases fell in May, the latest sign that inflation pressures in the United States may be easing as the Federal Reserve considers a timetable for cutting interest rates. The Labor Department reported Thursday that its producer price index —...

Cars? Pork? Perfume? China has many options if a trade war breaks out with Europe

Jun. 13, 2024 06:16 AM EDT

BEIJING (AP) — Now that Europe has announced tariffs on China-made electric cars, the continent is bracing to see if the other shoe drops. Will China retaliate with tariffs on European cars, taking aim at Germany's BMW and Mercedes? Would it put tariffs on agricultural products,...

Stock market today: Asia shares rise amid Bank of Japan focus after the Fed stands pat

Jun. 12, 2024 23:56 PM EDT

TOKYO (AP) — Asian shares mostly rose Thursday, as investors turned their attention to what the Bank of Japan might decide on monetary policy later this week. The Bank of Japan is not expected to raise its benchmark rate when it wraps up its meeting on Friday, but the economy is...

Federal Reserve sees some progress on inflation but envisions just one rate cut this year

Jun. 12, 2024 17:40 PM EDT

WASHINGTON (AP) — Federal Reserve officials said Wednesday that inflation has fallen further toward their target level in recent months but signaled that they expect to cut their benchmark interest rate just once this year. The policymakers' forecast for one rate cut was down from...

How major US stock indexes fared Wednesday, 6/12/2024

Jun. 12, 2024 16:22 PM EDT

U.S. stocks closed higher following a surprisingly encouraging update on inflation. The S&P 500 rose 0.9% Wednesday, closing at another record high, after the Federal Reserve also gave reassurance that it still sees a cut to interest rates as likely this year. The Nasdaq...

Oracle, Casey's General Stores rise; Vera Bradley, PetMed fall, Wednesday, 6/12/2024

Jun. 12, 2024 16:16 PM EDT

NEW YORK (AP) — Stocks that traded heavily or had substantial price changes on Wednesday: Paramount Global, up 8 cents to $11.12. National Amusements ended talks on a possible merger of the film and television company with Skydance Media. Vera Bradley...

US inflation cooled in May in a sign that price pressures may be easing

Jun. 12, 2024 15:56 PM EDT

WASHINGTON (AP) — Inflation in the United States eased in May for a second straight month, a hopeful sign that an acceleration of prices that occurred early this year may have passed. The trend, if it holds, could move the Federal Reserve closer to cutting its benchmark interest rate from its...

Text of the policy statement the Federal Reserve released Wednesday

Jun. 12, 2024 14:44 PM EDT

WASHINGTON (AP) — Below is the statement the Federal Reserve released Wednesday after its latest policy meeting ended: Recent indicators suggest that economic activity has continued to expand at a solid pace. Job gains have remained strong, and the unemployment rate has remained...