Inflation

FILE- In this July 17, 2018, file photo Federal Reserve Board Chair Jerome Powell testifies before the Senate Committee on Banking, Housing, and Urban Affairs on "The Semiannual Monetary Policy Report to the Congress," at Capitol Hill in Washington. On Wednesday, Sept. 26, the Federal Reserve issues its latest policy statement and updates its interest-rate and economic projections before Powell holds a news conference. (AP Photo/Jose Luis Magana, FIle)
September 26, 2018 - 3:02 pm
WASHINGTON (AP) — The Latest on the Federal Reserve's monetary policy meeting (all times local): 2:55 p.m. Federal Reserve Chairman Jerome Powell says that the several rounds of tariffs launched by the Trump administration have yet to hurt the U.S. economy's performance. But Powell tells reporters...
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September 26, 2018 - 3:20 am
WASHINGTON (AP) — The Federal Reserve is set Wednesday to raise interest rates for a third time this year and possibly modify the likely direction of rates in the months ahead. The big question is whether the strong U.S. economy, which has been fueled this year by tax cuts and increased government...
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FILE- In this Aug. 22, 2018, file photo specialist Anthony Matesic, left, and trader Anthony Carannante work on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EDT on Thursday, Sept. 13. (AP Photo/Richard Drew, File)
September 13, 2018 - 2:12 pm
NEW YORK (AP) — U.S. stocks are climbing Thursday after the Labor Department said inflation slowed a bit in August. Technology companies like Apple and Microsoft made some of the largest gains after a recent bout of uncertainty, and chipmaker Qualcomm jumped after it announced a big stock buyback...
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FILE- In this Sept. 6, 2018, file photo customers use the check out lines inside the new Aldi store in Tyler, Texas. On Thursday, Sept. 13, the Labor Department reports on U.S. consumer prices for August. (Sarah A. Miller/Tyler Morning Telegraph via AP, File)
September 13, 2018 - 8:34 am
WASHINGTON (AP) — Consumer prices rose 2.7 percent in August from a year earlier, with higher housing and gasoline costs driving most of the increase. The Labor Department said Thursday that the consumer price index advanced 0.2 percent on a monthly basis. Despite the monthly gain, annual inflation...
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September 13, 2018 - 7:42 am
ANKARA, Turkey (AP) — Turkey's central bank on Thursday raised its key interest rate sharply, from 17.75 percent to 24 percent, to contain inflation and stem a currency crisis. The bank raised its one-week repo rate significantly despite President Recep Tayyip Erdogan's renewed and public...
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A man walks past a sign announcing the price of U.S. dollar and Brazilian real, in exchange for Argentine pesos, at an exchange house in Buenos Aires, Argentina, Monday, Sept. 3, 2018. Argentina's President Mauricio Macri has announced new taxes on exports and the elimination of several ministries on Monday in a bid to halt economic turmoil that has sent the peso to record lows. (AP Photo/Natacha Pisarenko)
September 03, 2018 - 11:50 am
BUENOS AIRES, Argentina (AP) — Argentina's President Mauricio Macri announced new taxes on exports and the elimination of several ministries on Monday in a bid to halt economic turmoil that has sent the peso to record lows. Macri said in a televised statement that he will also allocate more...
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August 30, 2018 - 8:36 am
WASHINGTON (AP) — Consumer spending, bolstered by strong job growth and tax cuts, rose a solid 0.4 percent in July, the sixth straight month of healthy gains, while a key measure of inflation posted its largest annual gain in more than six years. The Commerce Department says the July spending gain...
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A butcher pushes beef ribs to sell at Las Pulgas market in Maracaibo, Venezuela, Sunday, Aug. 19, 2018. Venezuelans are bracing for a 3,000 percent hike in the minimum wage on Monday, leaving one butcher contemplating firing some of his six employees just to stay in business, and the introduction of a new currency that lops five zeros off the country’s fast-depreciating bills. (AP Photo/Fernando Llano)
August 20, 2018 - 11:38 am
CARACAS, Venezuela (AP) — Venezuela on Monday began to launch dramatic reforms announced by President Nicolas Maduro to rescue a downward-spiraling economy, including a new currency and a more-than-3,000 percent hike in the minimum wage. The changes start with the introduction of a currency that...
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Turkey's President Recep Tayyip Erdogan addresses supporters at his Black Sea hometown, Guneysu, Turkey, early Friday, Aug. 10, 2018. Turkey's Finance and Treasury Minister Berat Albayrak will reveal a " new economic model " as the Turkish Lira has lost more than 30 percent of its value since the start of the year.(Presidential Press Service via AP, Pool)
August 10, 2018 - 6:34 pm
ANKARA, Turkey (AP) — A financial shockwave ripped through Turkey on Friday, when its currency nosedived on concerns about its economic policies and a dispute with the U.S., which President Donald Trump stoked further with a promise to double tariffs on the NATO ally. The lira tumbled 14 percent in...
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FILE- In this May 30, 2018, file photo, a shopper walks through the updated cosmetic department at a Target store in San Antonio. On Friday, Aug. 10, the Labor Department reports on U.S. consumer prices for July. (AP Photo/Eric Gay, File)
August 10, 2018 - 8:35 am
WASHINGTON (AP) — Consumer prices climbed 2.9 percent in July from a year earlier, a rate of inflation that suggests Americans are earning less than a year ago despite an otherwise solid economy. The Labor Department said Friday that the consumer price index ticked up 0.2 percent in July. Annual...
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