Latest Inflation News

US economy surpasses pre-pandemic size with 6.5% Q2 growth

Jul. 29, 2021 15:28 PM EDT

WASHINGTON (AP) — Fueled by vaccinations and government aid, the U.S. economy grew at a solid 6.5% annual rate last quarter in another sign that the nation has achieved a sustained recovery from the pandemic recession. The total size of the economy has now surpassed its pre-pandemic level....

Fed's Powell downplays delta variant's threat to the economy

Jul. 28, 2021 17:46 PM EDT

WASHINGTON (AP) — The spread of the COVID-19 delta variant is raising infections, leading some companies and governments to require vaccinations and raising concerns about the U.S. economic recovery. But on Wednesday, Federal Reserve Chair Jerome Powell injected a note...

Editorial Roundup: U.S.

Jul. 28, 2021 10:55 AM EDT

Excerpts from recent editorials in the United States and abroad: July 27 The Wall Street Journal on proposals for a Civilian Climate Corps: As the U.S. recovers from a pandemic, with workers in services and manufacturing in short...

Fed to discuss a pullback in economic aid with inflation up

Jul. 26, 2021 11:38 AM EDT

WASHINGTON (AP) — With inflation uncomfortably high and the COVID-19 Delta variant raising economic concerns, a divided Federal Reserve will meet this week to discuss when and how it should dial back its ultra-low-interest rate policies. For now, the U.S. economy is...

Inflation fears and politics shape views of Biden economy

Jul. 26, 2021 11:00 AM EDT

WASHINGTON (AP) — President Joe Biden is banking on the idea of making life more affordable for middle-class families — and that's where the recent bout of inflation poses both a political and an economic risk. The U.S. economy may be poised for the fastest growth...

University of California regents approve rare tuition hike

Jul. 22, 2021 18:07 PM EDT

SAN FRANCISCO (AP) — Despite opposition from student groups, University of California regents on Thursday approved a multiyear plan to raise tuition and fees at one of the nation's premier public university systems. The systemwide tuition increase will put...

ECB says low rates to stay until the job is done

Jul. 22, 2021 08:57 AM EDT

FRANKFURT, Germany (AP) — Facing unease over the spread of a more-contagious variant of the coronavirus, the European Central Bank said it would maintain its stimulus in the form of ultra-low interest rates until inflation “durably” reaches its 2% target. The...

ECB says ultra-low rate benchmarks to remain in force until inflation "durably" reaches 2% target

Jul. 22, 2021 08:13 AM EDT
FRANKFURT, Germany (AP) — ECB says ultra-low rate benchmarks to remain in force until inflation "durably" reaches 2% target.

Stocks climb on Wall St gains as company earnings roll in

Jul. 22, 2021 00:00 AM EDT

BEIJING (AP) — Asian stock markets followed Wall Street higher Thursday for a second day as optimism about an economic recovery appeared to outweigh concern over rising coronavirus cases and inflation. Market benchmarks in Shanghai, Hong Kong, Seoul and Sydney advanced....

UK government ups pay rise for health staff in England to 3%

Jul. 21, 2021 16:17 PM EDT

LONDON (AP) — The British government has tripled its pay increase offer for more than a million National Health Service employees in England, but unions said the proposed boost was insufficient given an anticipated spike in inflation. In a statement Wednesday, the...