Inflation

July 31, 2018 - 8:36 am
WASHINGTON (AP) — Consumer spending rose by a solid 0.4 percent in June, while a key gauge of inflation increased at an annual pace of 2.2 percent for a second straight month, the strongest back-to-back gains in six years. The Commerce Department says the gain in spending followed an even stronger...
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A party ship, left, cruises on the river Main in Frankfurt, Germany, late Saturday, July 28, 2018. (AP Photo/Michael Probst)
July 31, 2018 - 7:19 am
FRANKFURT, Germany (AP) — Europe's economic upswing slowed further in the second quarter amid concerns over global trade disputes that have seen the world's major powers impose new tariffs on each other. Official figures on Tuesday showed growth in the 19 countries that use the euro currency eased...
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A man uses a smartphone in front of an electronic board showing Hong Kong share index outside a bank in Hong Kong, Friday, July 27, 2018. Asian shares were mostly higher early Friday as investors shrugged off Facebook’s nearly $120 billion overnight plunge in market value, the biggest-ever one-day loss in dollar value for a U.S. company. (AP Photo/Kin Cheung)
July 27, 2018 - 4:37 am
BANGKOK (AP) — World shares were mostly higher Friday as investors shrugged off Facebook's nearly $120 billion overnight plunge in market value, the biggest-ever one-day loss in dollar value for a U.S. company. KEEPING SCORE: Germany's DAX added 0.1 percent to 12,823.64 and the CAC 40 in France was...
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FILE - This Dec. 21, 2016, file photo shows the New York Stock Exchange. Stock indexes are mostly lower in early trading on Wall Street as investors weigh the latest batch of corporate quarterly earnings reports. Losses in technology companies outweighed gains in banks and other sectors early Thursday, July 26, 2018. (AP Photo/Mark Lennihan, File)
July 27, 2018 - 12:36 am
BANGKOK (AP) — Asian shares were mostly higher early Friday as investors shrugged off Facebook's nearly $120 billion overnight plunge in market value, the biggest-ever one-day loss in dollar value for a U.S. company. KEEPING SCORE: Japan's Nikkei 225 index added 0.3 percent to 22,648.67 and the...
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Federal Reserve Board Chair Jerome Powell testifies during a House Committee on Financial Services hearing, Wednesday, July 18, 2018, on Capitol Hill in Washington. (AP Photo/Jacquelyn Martin)
July 18, 2018 - 2:24 pm
WASHINGTON (AP) — Federal Reserve Chairman Jerome Powell says that the central bank has tools it could use to cushion the adverse effects a trade war might have on the economy. But he tells Congress the effort could be challenging if higher tariffs push inflation up too sharply. Powell says if the...
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FILE- In this June 13, 2018, file photo, Federal Reserve Chair Jerome Powell speaks to the media after the Federal Open Market Committee meeting in Washington. The Federal Reserve says it expects low unemployment and rising inflation will keep it on track to raise interest rates at a gradual pace over the next two years. By late 2019, the Fed says its key policy rate should be at a level that will be slightly restrictive for growth. (AP Photo/Jacquelyn Martin, File)
July 13, 2018 - 11:36 am
WASHINGTON (AP) — The Federal Reserve said Friday it expects low unemployment and rising inflation will keep it on track to raise interest rates at a gradual pace over the next two years. By late 2019, the Fed says its key policy rate should be at a level that will be slightly restrictive for...
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FILE- In this June 13, 2018, file photo, Bob Harris carefully selects which tomatoes to buy at Paducah, Kentucky's Downtown Farmers' Market. On Thursday, July 12, the Labor Department reports on U.S. consumer prices for June. (Ellen O'Nan/The Paducah Sun via AP, File)
July 12, 2018 - 8:33 am
WASHINGTON (AP) — Consumer prices rose in June from a year earlier at the fastest pace in more than six years, lifted by more expensive gas, car insurance, and higher rent. The Labor Department said Thursday that the consumer price index ticked up just 0.1 percent in June. But inflation jumped 2.9...
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FILE- In this June 13, 2018, file photo Federal Reserve Chair Jerome Powell speaks to the media after the Federal Open Market Committee meeting in Washington. Powell is expected to speak about the job market at a European Central Bank conference in Portugal on Wednesday, June 20. (AP Photo/Jacquelyn Martin, File)
June 20, 2018 - 9:30 am
WASHINGTON (AP) — Federal Reserve Chairman Jerome Powell says the Fed will likely keep raising short-term interest rates at a gradual pace, partly because there are few signs, so far, that the ultra-low U.S. unemployment rate is pushing up inflation. In a speech in Portugal, Powell said Wednesday...
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June 13, 2018 - 2:04 pm
WASHINGTON (AP) — The Federal Reserve is raising its benchmark interest rate for the second time this year and signaling that it may step up its pace of rate increases because of solid economic growth and rising inflation. The Fed now foresees four rate hikes this year, up from the three it had...
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In a photo made with a pulled-zoom effect, a man watches stock prices at a brokerage house in Beijing, Tuesday, June 12, 2018. Asian shares were mostly higher Tuesday but little changed as market players tried to digest the summit between President Donald Trump and North Korean leader Kim Jong Un in Singapore. (AP Photo/Andy Wong)
June 12, 2018 - 10:03 am
NEW YORK (AP) — U.S. and global stock markets were mostly higher Tuesday as investors worked through the outcome of the meeting between President Donald Trump and North Korean leader Kim Jong Un. KEEPING SCORE: The Dow Jones industrial average was down 23 points, or 0.1 percent, to 25,299 as of 9:...
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