Powell says Fed stands ready to respond to trade conflicts

Business 06/04/19, 09:41

Chairman Jerome Powell said Tuesday that the Federal Reserve is prepared to respond to the Trump administration's trade conflicts to protect the U.S. economic expansion if it decides that would be necessary. Powell's comments came at a conference in Chicago on ...

Eurozone inflation ticks up in hopeful sign for central bank

Europe 05/03/19, 04:40

Inflation rose in April in the 19-country eurozone, at first glance an encouraging sign for the European Central Bank in its struggle to sustainably raise prices.The European Union's statistics agency Eurostat said Friday that annual inflation rose to 1.7% in ...

Money games: Revised LA Olympics budget nearly $7 billion

Sports 04/30/19, 08:41

The price tag on the Los Angeles 2028 Olympics is now $6.88 billion, a $1.36 billion increase that comes mainly because of accounting measures designed to better reflect inflation over the long lead-up to those games.Most key numbers the organizing ...

US consumer spending surges 0.9% in March

Business 04/29/19, 08:15

U.S. consumer spending surged 0.9% in March, the biggest gain in nearly a decade, as inflation pressures remain non-existent.The March gain was the biggest monthly increase since August 2009, the Commerce Department reported Monday. That's a marked improvement after three ...

Argentina to freeze prices of goods in bid to tame inflation

America 04/17/19, 16:09

Argentina's government is freezing the prices of 60 essential products and some services in a bid to tame spiraling inflation.President Mauricio Macri announced Wednesday that the goods affected include flour, oil, rice and personal hygiene items. He also said prices ...

India’s central bank cuts lending rate to 6%

Business 04/04/19, 06:20

India's central bank cut its key interest rate by a quarter of a percentage point to 6% on Thursday, moving to prop up economic growth ahead of a national election next week.The interest rate is what the federal bank charges ...

Eurozone economy gets double dose of bad news

Business 04/01/19, 04:38

The eurozone economy received a double dose of bad news Monday as inflation fell further away from the European Central Bank's target and a closely monitored survey showed the crucial manufacturing sector shrinking at its fastest rate in six years.The ...

Homelessness rises in Argentina’s capital amid crisis

America 03/29/19, 00:04

A smiling two-year-old Valentina Aleman runs down a sidewalk in Buenos Aires, dodging cardboard boxes, a worn-out sofa and a broken refrigerator without noticing the cars zooming dangerously close to her and others risks of living on the streets.A makeshift ...

US wholesale prices ticked up 0.1 percent in February

Business 03/13/19, 07:48

U.S. wholesale prices barely increased last month after falling for three straight months, a sign there is little inflation pressure in the economy.The producer price index — which measures price changes before they reach the consumer — rose 0.1 percent ...

US says airfares hit new lows after factoring inflation

Business 02/21/19, 14:54

The average fare for airline travel within the United States has hit the lowest level since the government started keeping track in 1995, after adjusting for inflation.However, that doesn't count fees that airlines add for things like checking a bag, ...

US wholesale prices dip 0.1 percent in January

Business 02/14/19, 08:55

U.S. wholesale prices fell for a second straight month in January as energy costs fell sharply again. The monthly declines were more evidence that inflation remains under control.The Labor Department said Thursday that producer prices, which track changes before they ...

US consumer prices flat in January

Business 02/13/19, 08:39

Consumer prices were unchanged in January, as lower gasoline prices offset the rising costs of housing, clothing and medical care.The Labor Department said the consumer price index rose only 1.6 percent last month from a year earlier.Inflation has been tempered ...

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