Latest Inflation News

Stocks end mixed on Wall Street, still notch weekly gains

Oct. 22, 2021 17:14 PM EDT

Wall Street capped a choppy day of trading Friday with an uneven finish for the major stock indexes, as losses for several large technology companies weighed on the market. The S&P 500 was little changed a day after it set an all-time high, but the 0.1% slip ended...

Powell says inflation risks rising, but Fed can be 'patient'

Oct. 22, 2021 15:49 PM EDT

WASHINGTON (AP) — Federal Reserve Chair Jerome Powell said Friday that the tangled supply chains and shortages that have bedeviled the U.S. economy since this summer have gotten worse and will likely keep inflation elevated well into next year. The Fed is not yet...

Inflation, Fed action set stage for higher mortgage rates

Oct. 21, 2021 11:33 AM EDT

LOS ANGELES (AP) — Mortgage rates have hovered near all-time lows for much of this year, even as inflation has increased sharply across much of the economy. That could begin to change in the weeks to come, now that the Federal Reserve has signaled it could announce as...

Turkish lira drops to new low after harsh interest rate cut

Oct. 21, 2021 10:38 AM EDT

ISTANBUL (AP) — The Turkish lira plunged to a record low against the U.S. dollar Thursday after a harsher-than-expected cut in interest rates. The decision by the Central Bank’s monetary committee to cut the rate from 18% to 16% surprised analysts. The lira dropped to...

Asian shares mixed after Evergrande sale deal called off

Oct. 20, 2021 23:59 PM EDT

Shares are mixed in Asia after major Chinese property developer Evergrande said a plan to sell its property management arm to a smaller rival had fallen through. Shares slipped in Hong Kong and Tokyo but rose in most other regional markets. China...

Asian stocks mixed after Wall Street rises for 5th day

Oct. 20, 2021 00:55 AM EDT

BEIJING (AP) — Asian stock markets were mixed Wednesday after Wall Street rose for a fifth day on strong corporate earnings. Shanghai and Seoul, South Korea, fell while Tokyo and Hong Kong advanced. Wall Street's benchmark S&P 500 index rose...

P&G raising prices to offset higher commodity, freight costs

Oct. 19, 2021 15:12 PM EDT

NEW YORK (AP) — Proctor & Gamble is raising prices on a range of goods as higher commodity and freight costs are set to take a bite out of its profits. The maker of Pampers diapers, Tide detergent and Crest toothpaste said Tuesday it has been raising prices on...

IMF sees economic growth with higher inflation for Mideast

Oct. 19, 2021 09:52 AM EDT

DUBAI, United Arab Emirates (AP) — The Middle East is expected to see significant economic growth this year, but also soaring inflation and food prices, as coronavirus vaccines are unevenly rolled out across the region, the International Monetary Fund said Tuesday. The...

Asian stocks higher as investors watch corporate earnings

Oct. 19, 2021 00:08 AM EDT

BEIJING (AP) — Asian stock markets followed Wall Street higher as investors waited Tuesday for U.S. corporate results to see how companies are coping with supply disruptions and the past quarter's surge in coronavirus infections. Shanghai, Tokyo, Hong Kong and Sydney...

Asian shares slide as Chinese growth data disappoints

Oct. 18, 2021 00:27 AM EDT

Asian shares were mostly lower on Monday after China reported its economy grew at a meager 4.9% annual pace in July-September. The Shanghai Composite index lost 0.4% to 3,559.96 while the Hang Seng in Hong Kong declined 0.4% to 25,246.38. Chinese...