fbpx
61.2 F
Los Angeles
Saturday, September 18, 2021
Home Tags Inflation

Tag: Inflation

US stocks rise to records on more proof of economic recovery

U.S. stocks are rallying toward records on Thursday after a suite of encouraging data showed how hungry Americans are to spend again, how fewer...

A year after stocks soared, CEOs must show it was warranted

NEW YORK (AP) — It's time to show the receipts, CEOs. ...

Turkish central bank maintains key rate unchanged at 19%

ANKARA, Turkey (AP) — Turkey’s central bank on Thursday kept a key interest rate unchanged at 19%, in its first rate decision since the...

Fed survey: Economy rebounding, helped by stimulus, vaccines

A Federal Reserve survey has found that the economy was rebounding in late February through early April, helped by billions of dollars in a...

Asian stock markets advance after new Wall St high

BEIJING (AP) — Asian stock markets rose Wednesday after Wall Street hit a high following an uptick in U.S. inflation and an order by...

Fed leaders agree: Economics has a racial-disparity problem

WASHINGTON (AP) — Top Federal Reserve policymakers on Tuesday underscored their concern that Black and Hispanic people are sharply underrepresented in the economics field,...

Consumer prices jump 0.6% in March, biggest gain since 2012

WASHINGTON (AP) — U.S. consumer prices increased a sharp 0.6% in March, the biggest uptick since 2012, while inflation over the past year jumped...

Fed’s Powell sees US boom ahead, with COVID still a risk

WASHINGTON (AP) — The U.S. economy is poised for an extended period of strong growth and hiring, the chair of the Federal Reserve said...

IMF: Vaccine inequity threatens Mideast’s economic recovery

DUBAI, United Arab Emirates (AP) — Middle East economies are recovering from the coronavirus pandemic faster than anticipated, largely due to the acceleration of...

Tech company gains help push S&P 500 to record high

Wall Street capped another week of gains with more milestones Friday, as strength in technology and health care stocks helped push the S&P 500...

Wholesale prices up 1% in March, energy leads the way again

SILVER SPRING, Md. (AP) — Wholesale prices jumped again in March pushed by another big increase in energy prices, the government reported Friday. ...

Asian shares mostly lower on strong China price data

BANGKOK (AP) — Shares fell Friday in most Asian markets after China reported a stronger than expected rise in prices that could prompt authorities...

Fed in March saw brighter outlook, yet underscored patience

WASHINGTON (AP) — Federal Reserve officials were encouraged last month by evidence the U.S. economy was picking up, but they showed no sign of...

Yellen calls for minimum global corporate income tax

WASHINGTON (AP) — U.S. Treasury Secretary Janet Yellen on Monday urged the adoption of a minimum global corporate income tax, an effort to at...

Global stocks rise; Treasury yields rally after jobs report

NEW YORK (AP) — Stocks rose in many of the markets worldwide that were open on Good Friday, while Treasury yields rallied after a...

US factory activity expands at fastest pace since 1983

WASHINGTON (AP) — U.S. manufacturers expanded in March at the fastest pace in 37 years, a sign of strengthening demand as the pandemic wanes...

S&P 500 returns to a record high after best day in weeks

NEW YORK (AP) — U.S. stocks burst to their best day in three weeks on Friday, helping Wall Street return to record heights and...

Consumer spending dipped 1% as winter storms raked the US

WASHINGTON (AP) — Consumers spending and personal incomes both fell sharply in February as severe winter storms disrupted shopping in many parts of the...

Yellen, Powell say more needed to limit US economic damage

WASHINGTON (AP) — Treasury Secretary Janet Yellen and Federal Reserve Chairman Jerome Powell told Congress on Tuesday that more must be done to limit...

Turkish lira plummets after Erdogan fires central bank chief

ANKARA, Turkey (AP) — The Turkish currency plummeted against the U.S. dollar on Monday after President Recep Tayyip Erdogan fired his third central bank...

Turkey’s president fires central bank governor by decree

ISTANBUL (AP) — Turkey’s president has fired the central bank governor, who in his four months in office had won the praise of investors...

Asian markets follow Wall St lower after Fed bump

BEIJING (AP) — Asian stock markets followed Wall Street lower on Friday after rising U.S. bond yields dampened buying enthusiasm driven by the Federal...

Wall Street closes higher after Fed says will keep rates low

Stocks closed higher Wednesday, reversing an early slide after the Federal Reserve reassured Wall Street that it expects to keep its key interest rate...

Fed expects to keep its key rate near zero through 2023

WASHINGTON (AP) — The Federal Reserve foresees the economy accelerating quickly this year yet still expects to keep its benchmark interest rate pinned near...

Asia shares mostly higher after US stocks gain for fifth day

TOKYO (AP) — Asian shares mostly rose on Tuesday, cheered by a rally to all-time highs on Wall Street. ...

New challenge for the Powell Fed: A strengthening economy

WASHINGTON (AP) — For the past year, Federal Reserve Chair Jerome Powell has expressed a wish for more rescue spending from Congress, better control...

Spiking energy leads wholesale prices up 0.5% in February

WASHINGTON (AP) — Energy prices continued to rocket higher in February, though overall wholesale prices moderated after a record jump in January. ...

Stocks mostly shake off a weak start, edge to more records

A late-afternoon burst of buying helped nudge several U.S. stock indexes to all-time highs Friday, despite a pullback in Big Tech companies as bond...

Erdogan pledges measures to lift economy, tame inflation

ISTANBUL (AP) — Turkish President Recep Tayyip Erdogan on Friday outlined a series measures that he said would lift the country's economy, and pledged...

Asian shares advance as yields, inflation fears moderate

Stocks climbed in Asia on Thursday after a key measure of inflation in the U.S. came in lower than expected, easing worries that price...

Consumer prices up 0.4% last month but core prices moderate

WASHINGTON (AP) — U.S. consumer prices increased 0.4% in February, the biggest gain in six months, led by a sharp jump in gasoline prices....

Asian stocks follow Wall St higher after tech rally

BEIJING (AP) — Asian stock prices followed Wall Street higher on Wednesday following a rally for major tech companies. ...

Asian shares trade mixed on recovery hopes, yield worries

TOKYO (AP) — Asian shares were mixed Tuesday, cheered by the imminent passage of the U.S. stimulus package, although that optimism was tempered by...

Yellen plays down inflation fears, pushes for relief bill

WASHINGTON (AP) — Treasury Secretary Janet Yellen says fears that the administration's $1.9 trillion relief bill could trigger a rapid rise in inflation are...

Tech rebound pulls stocks out of a slump and to weekly gain

Wall Street capped a volatile day of trading Friday with a broad rally that snapped the market's three-day losing streak. ...

Shares slip in Asia after bond yield spike hits Wall St

Asian shares slipped Friday after surging U.S. bond yields renewed pressure on high-flying technology companies. ...

EXPLAINER: Why rising rates are unsettling Wall Street

NEW YORK (AP) — Interest rates keep marching higher, and Wall Street keeps shaking because of it. ...

Powell: Higher inflation temporary, no rate hikes in sight

WASHINGTON (AP) — Federal Reserve Chair Jerome Powell suggested Thursday that inflation will pick up in the coming months but that it would likely...

Asian shares track Wall St decline as bond yields rebound

Asian shares fell Thursday, tracking a decline on Wall Street as another rise in bond yields rattled investors who worry that higher inflation may...

Asian shares advance despite Wall Street retreat

BANGKOK (AP) — Stocks advanced in Asia on Wednesday after a wobbly day on Wall Street, when the S&P 500 gave back most of...

EXPLAINER: Why rising rates are unsettling Wall Street

NEW YORK (AP) — Yes, it’s possible to have too much of a good thing, and that’s exactly why stock markets around the world...

US consumers rebound to boost spending 2.4% as income jumps

WASHINGTON (AP) — Bouncing back from months of retrenchment, America's consumers stepped up their spending by a solid 2.4% in January, the sharpest increase...

Asian shares sink after tech rout pulls Nasdaq 3.5% lower

BANGKOK (AP) — Asian shares skidded Friday after rising bond yields triggered a broad sell-off on Wall Street that erased the markets gain for...

US jobless claims at 730K, still high but fewest in 3 months

WASHINGTON (AP) — The number of Americans seeking unemployment benefits fell sharply last week in a sign that layoffs may have eased, though applications...

Asian stocks follow Wall Street higher after Fed pledge

BEIJING (AP) — Asian stock markets followed Wall Street higher Thursday after the Federal Reserve chairman said the U.S. central bank is in no...

Chairman Powell: Fed is in no hurry to raise interest rates

WASHINGTON (AP) — Federal Reserve Chairman Jerome Powell told Congress on Wednesday that the central bank will not start raising interest rates until it...

Asian shares slip on jitters over inflation, interest rates

BANGKOK (AP) — Shares fell Wednesday in Asia as investors weighed the possibility that inflation might prompt central banks to adjust their ultra-low interest...

Fed’s Powell: Recovery incomplete, high inflation unlikely

WASHINGTON (AP) — Federal Reserve Chair Jerome Powell underscored the U.S. economy's ongoing weakness Tuesday in remarks that suggested that the Fed sees no...

New or used? Either way, price hikes squeeze US auto buyers

FENTON TOWNSHIP, Mich. (AP) — The viral pandemic has triggered a cascade of price hikes throughout America's auto industry — a surge that has...

Asian shares mostly higher amid coronavirus vaccine optimism

TOKYO (AP) — Asian shares were mostly higher Tuesday despite a sell-off of shares in technology companies on Wall Street. ...

Asian shares mixed as investors await progress on stimulus

TOKYO (AP) — Asian shares were mixed on Monday as hopes for a recovery from the coronavirus pandemic with the global rollout of vaccines...

Stocks end a wobbly day with mixed results; yields rise

U.S. stock indexes ended a choppy day of trading little changed Friday, though the S&P 500 finished with its first weekly loss in three...

Federal Reserve sees modest pickup in hiring this month

WASHINGTON (AP) — The Federal Reserve says there's evidence that hiring has picked up in recent weeks, though the job market remains badly damaged...

Asian shares mostly lower after mixed day on Wall Street

BANGKOK (AP) — Shares were mostly lower in Asia on Thursday after a mixed session on Wall Street as losses by technology and industrial...

Wholesale prices surge 1.3%, led by health care and energy

WASHINGTON (AP) — U.S. wholesale prices surged by a record 1.3% in January, led by big gains in health care and energy prices. ...

US jobless claims fall slightly to 793,000 with layoffs high

WASHINGTON (AP) — The number of Americans seeking unemployment benefits fell slightly last week to 793,000, evidence that job cuts remain high despite a...

Asian shares mostly gain after Biden speaks with China’s Xi

Major Asian stock indexes were mostly higher on Thursday after President Joe Biden held his first conversation with Chinese leader Xi Jinping since taking...

Powell stresses commitment to full employment and low rates

WASHINGTON (AP) — Federal Reserve Chair Jerome Powell on Wednesday underscored the Fed's commitment to reducing unemployment to multi-decade lows, where it stood before...

US consumer prices up 0.3% in January, led by energy spike

WASHINGTON (AP) — U.S. consumer prices rose 0.3% in January, led by a surge in energy. But even though the gain was the biggest...

Asian stocks higher after Wall St. rises to new record

BEIJING (AP) — Asian stocks were mostly higher Tuesday after Wall St. rose to a new record. ...

US employment costs rise modestly in fourth quarter

SILVER SPRING, Md. (AP) — Wages and benefits for U.S. workers rose in the last quarter of the year, putting all of 2020 in...

US consumer spending fell 0.2% in December in face of virus

WASHINGTON (AP) — U.S. consumers slowed their spending by 0.2% in December, cutting back for a second straight month in a worrisome sign for...

Fed stresses its commitment to low rates as economy stumbles

WASHINGTON (AP) — Chair Jerome Powell said Wednesday that the Federal Reserve will keep pursuing its low-interest rate policies until an economic recovery is...

Fed will likely stress commitment to low rates amid pandemic

WASHINGTON (AP) — The Federal Reserve this week will likely underscore its commitment to its low-interest rate policies, even as the economy recovers further...

Syria floats new bank note amid soaring inflation

DAMASCUS, Syria (AP) — A new, 5,000 Syrian Lira bank note goes into circulation Sunday, the largest denomination in the country reeling from a...

Biden inherits damaged economy, with signs of hope emerging

WASHINGTON (AP) — President Joe Biden has inherited a badly damaged economy pulverized by the pandemic, with 10 million fewer jobs than a year...

Stocks fall as economic pain deepens, rally runs out of gas

NEW YORK (AP) — Wall Street closed out its first losing week in three with another drop on Friday after reports showed the pandemic...

December wholesale prices up 0.3% with sharp jump in energy

WASHINGTON (AP) — U.S. wholesale prices rose 0.3% in December led by a the biggest jump in energy costs since June. ...

Powell signals Fed will keep aiding economy with bond buying

WASHINGTON (AP) — Federal Reserve Chair Jerome Powell sought Thursday to tamp down any concerns that the Fed might soon withdraw some of its...

Asian shares mixed after lackluster day on Wall Street

Shares were mostly higher in Asia on Thursday after a lackluster day on Wall Street, where major indexes spent the day drifting up and...

Consumer prices up 0.4% in December led by higher gas prices

WASHINGTON (AP) — U.S. consumer prices rose 0.4% in December, led by a sharp rise in gasoline prices. ...

Fed transcripts show doubts about need for 2015 rate hike

WASHINGTON (AP) — Newly released transcripts show that many Federal Reserve officials had concerns in late 2015 over whether they were making a mistake...

Inflation still a no-show, US wholesale prices up just 0.1%

WASHINGTON (AP) — U.S. wholesale prices edged up just 0.1% in November with the economic disruption from the pandemic continuing to suppress demand and...

November consumer prices up 0.2% as energy costs rise

WASHINGTON (AP) — U.S. consumer prices edged up 0.2% in November as a rise in the cost of energy and a number of other...

Awaiting Yellen at Treasury: Yet another daunting crisis

WASHINGTON (AP) — Janet Yellen is in line for another top economic policy job — just in time to confront yet another crisis. ...

Turkish central bank hikes rates to support currency

ANKARA, Turkey (AP) — Turkey’s central bank raised its benchmark interest rate on Thursday, when it held its first meeting under its new chief,...

Wholesale prices rise 0.3%, but inflation not the worry now

WASHINGTON (AP) — U.S. wholesale prices rose moderately in October as food costs jumped by the largest amount in five months. ...

US consumer prices unchanged in October, lowest in 5 months

WASHINGTON (AP) — U.S. consumer prices were unchanged in October, the lowest reading in five months, suggesting that a price spike over the summer...

Turkey replaces central bank head as lira sees record lows

ANKARA, Turkey (AP) — Turkish President Recep Tayyip Erdogan on Saturday dismissed the head of the country’s central bank following a period of high...

European Central Bank: Just wait until December

FRANKFURT, Germany (AP) — The European Central Bank held off from strengthening its current economic stimulus but its President Christine Lagarde said there was...

US wholesale prices up 0.4% in September as food costs surge

WASHINGTON (AP) — U.S. wholesale prices jumped 0.4% in September as food costs rose by the largest amount since May. ...

Consumer prices rise 0.2% in September, used vehicles spike

SILVER SPRING, Md. (AP) — U.S. consumer prices rose slightly in September, led again by sharp increases in the index for used vehicles. ...

Brazil’s poor squeezed by less virus aid, surging food costs

RIO DE JANEIRO (AP) — Many people in Brazil are struggling to cope with less pandemic aid from the government and jumping food prices,...

Fed officials cited risks if Congress fails to pass more aid

WASHINGTON (AP) — Federal Reserve officials expressed concern at their most-recent meeting that the U.S. economy recovery could falter if Congress failed to approve...

Inflation slump in Europe could presage more stimulus

FRANKFURT, Germany (AP) — Annual inflation in the 19-country eurozone sagged further below zero in September, bolstering expectations that the European Central Bank will...

Consumer spending gains slow to 1% in August

WASHINGTON (AP) — U.S. consumer spending slowed in August and personal income fell as a $600 weekly benefit for Americans who are unemployed during...

Turkey hikes rates to support currency, fight inflation

ANKARA, Turkey (AP) — Turkey’s Central Bank raised its benchmark interest rate by 2 percentage points on Thursday, its first hike in two years...

Powell faces lawmakers’ skepticism on some Fed aid programs

WASHINGTON (AP) — Chairman Jerome Powell on Wednesday defended the Federal Reserve's efforts to support the economy during the pandemic-induced recession from assertions that...

Fed sees rates near zero through 2023, perhaps longer

WASHINGTON (AP) — With the economy still struggling to recover from the pandemic recession, Federal Reserve policymakers signaled Wednesday that their benchmark short-term interest...

Federal Reserve to meet after sharp changes to its outlook

WASHINGTON (AP) — Federal Reserve policymakers will meet this week for the first time since they significantly revised the Fed's operating framework in ways...

Tech falters again as Wall Street ends worst week in months

NEW YORK (AP) — Wall Street closed out its worst week since June with another day of churning trading Friday, as big technology stocks...

Consumer prices up 0.4% in August as used car prices surge

WASHINGTON (AP) — U.S. consumer prices rose 0.4% in August as used car prices surged by the largest amount in 51 years, the Labor...

European Central Bank’s stimulus program to keep on rolling

FRANKFURT, Germany (AP) — With almost a trillion euros still in the pipeline, the European Central Bank said Thursday that its emergency support program...

US wholesale prices rise 0.3% in August as food costs drop

WASHINGTON (AP) — U.S. wholesale prices rose 0.3% in August, just half the July gain, as food and energy prices decline. ...

Falling prices flash warning light for Europe’s economy

FRANKFURT, Germany (AP) — A startling fall in consumer prices and a stronger euro have increased pressure on the European Central Bank to provide...

Fed survey finds widespread pessimism about economic future

WASHINGTON (AP) — The...

Eurozone unemployment capped by support programs _ for now

FRANKFURT, Germany (AP) —...

Asian stocks fall back after Wall Street advances to record

BEIJING (AP) — Asian...

Asian stocks gain after Wall Street advances to record

BEIJING (AP) — Asian...

FEATURE - Read More >

Weather - Click The Icon To Change Locations

Los Angeles
clear sky
61.3 ° F
68.7 °
54.1 °
83 %
0mph
1 %
Sat
79 °
Sun
81 °
Mon
87 °
Tue
89 °
Wed
85 °
WatchOurCity.com