Latest Inflation News

European Central bank cuts benchmark rate by a quarter percentage point to boost stagnant economy

Jan. 30, 2025 10:42 AM EST

FRANKFURT, Germany (AP) — The European Central Bank cut its key interest rate on Thursday to boost an economy that’s struggling to grow as consumers burned by inflation warily eye price tags and businesses try to navigate political turmoil in leading economies France and Germany. ...

Fed hold rates steady, sees inflation as 'elevated,' as Powell declines comment on Trump

Jan. 29, 2025 18:26 PM EST

WASHINGTON (AP) — The Federal Reserve left its benchmark interest rate unchanged Wednesday after cutting it three times in a row last year, a sign of a more cautious approach as the Fed seeks to gauge where inflation is headed and what policies President Donald Trump may pursue. ...

Some Trump voters are skeptical of his opening moves to embrace fellow billionaires

Jan. 28, 2025 12:40 PM EST

MESA, Ariz. (AP) — Enrique Lopez votes sporadically but bought into Donald Trump’s vows to fight for everyday workers, helping the Republican flip Arizona last year. Then the home construction contractor watched how the billionaire president opened his second administration. ...

Federal Reserve expected to stand pat on rates even as Trump demands cuts

Jan. 27, 2025 12:55 PM EST

WASHINGTON (AP) — The Federal Reserve is nearly certain to keep its key interest rate unchanged at its policy meeting this week, just a few days after President Donald Trump said he would soon demand lower rates. Fed officials, led by Chair Jerome Powell, have cut their rate for...

Trump says inflation isn't his No. 1 issue. So what will happen to consumer prices?

Jan. 26, 2025 08:47 AM EST

WASHINGTON (AP) — Two months ago, in his first network television interview after the election, Donald Trump said he owed his victory to Americans' anger over immigration and inflation, specifically the rising cost of groceries. “When you buy apples, when you buy bacon, when you...

5 economic forces that could shape the first year of Trump's presidency

Jan. 24, 2025 13:43 PM EST

WASHINGTON (AP) — Like most presidents, Donald Trump faces an economy that seldom bends to political ambitions. The Republican has promised strong growth, high tariffs, income tax cuts and booming oilfields. But despite the solid job market and low 4.1% unemployment rate, he has to...

Bank of Japan raises interest rate to about 0.5%, citing higher wages and inflation

Jan. 24, 2025 02:11 AM EST

TOKYO (AP) — The Bank of Japan raised its key interest rate to about 0.5% from 0.25% Friday, noting that inflation is holding at a desirable target level. “The economy is gradually recovering,” BOJ Gov. Kazuo Ueda told reporters after a two-day policy board meeting in Tokyo. ...

The Bank of Japan raises its key interest rate to about 0.5%, citing stronger wages and inflation

Jan. 23, 2025 22:53 PM EST
TOKYO (AP) — The Bank of Japan raises its key interest rate to about 0.5%, citing stronger wages and inflation.

Trudeau says Americans will pay more whenever Trump decides to impose tariffs on Canada

Jan. 23, 2025 22:23 PM EST

TORONTO (AP) — Outgoing Canadian Prime Minister Justin Trudeau said Thursday American consumers will pay more whenever President Donald Trump decides to apply sweeping tariffs on Canadian products. Trump told reporters in the Oval Office Thursday that he still plans to tariff...

Trump says he will 'demand' that interest rates come down, but it won't be that simple

Jan. 23, 2025 17:03 PM EST

WASHINGTON (AP) — President Donald Trump has pledged cheaper prices and lower interest rates, but an economy transformed by the pandemic will make those promises difficult to keep. Economic growth is solid, driven by healthy consumer spending. And budget deficits are huge and...