Today: October 30, 2024
Today: October 30, 2024

inflation

Economy|Finance|News|US

From housing to energy to food, US inflation picks up, though some costs rise only mildly

Higher energy and housing prices boosted overall U.S. inflation in December, a sign that the Federal Reserve’s drive to slow inflation to its 2% target will likely remain a bumpy one

From housing to energy to food, US inflation picks up, though some costs rise only mildly
Economy|Food|Health|News|World

Global food prices declined from record highs in 2022, the UN says. Except for these two staples

The U.N. Food and Agriculture Organization says global prices for food commodities like grain and vegetable oil fell last year from record highs in 2022

Global food prices declined from record highs in 2022, the UN says. Except for these two staples
Economy|Europe

Europe's inflation is up after months of decline. Could it delay interest rate cuts?

Inflation is on the rebound in Europe

Europe's inflation is up after months of decline. Could it delay interest rate cuts?
Business|Economy|Finance|Technology|US

Biden administration announces $162 million to expand computer chip factories in Colorado and Oregon

President Joe Biden's administration is providing $162 million to Arizona high-tech manufacturer Microchip Technology to support the domestic production of computer chips

Biden administration announces $162 million to expand computer chip factories in Colorado and Oregon
Business|Economy|News|US

US job openings fell slightly in November but remain high by historical standards

America’s employers posted 8.8 million job openings in November, down slightly from October and the fewest since March 2021

US job openings fell slightly in November but remain high by historical standards
Asia|Economy|News|World

Chinese factory activity slows in December in a 3rd straight month of contraction

A survey of factory managers in China shows manufacturing contracted in December in the latest sign the world's second-largest economy remains sluggish

Chinese factory activity slows in December in a 3rd straight month of contraction
Business|Economy|Finance

Companies grew more confident about initial public offerings in 2023, raising recovery hopes

The IPO market limped ahead in 2023 and analysts expect a steadier recovery ahead

Companies grew more confident about initial public offerings in 2023, raising recovery hopes
Business|Economy|News|US

US applications for jobless benefits rise but labor market remains solid

More Americans applied for unemployment benefits last week, but not enough to raise concern about the labor market or broader economy

US applications for jobless benefits rise but labor market remains solid
Business|Economy|Finance

Americans ramped up spending during the holidays despite some financial anxiety and higher costs

Mastercard SpendingPulse said Tuesday that holiday sales rose this year

Americans ramped up spending during the holidays despite some financial anxiety and higher costs
Business|Economy|News|US

Weekly US unemployment claims rise slightly but job market remains strong as inflation eases

The number of Americans applying for unemployment benefits rose slightly last week but still remained at historically low levels despite high interest rates

Weekly US unemployment claims rise slightly but job market remains strong as inflation eases
Asia|Business|Finance|Stock Markets

Stock market today: Asian shares fall as Wall Street retreats, ending record-setting rally

Asian shares have slipped after Wall Street slammed the brakes on its big rally following disappointing corporate profit reports and warnings that the market had simply gone too far, too fast

Stock market today: Asian shares fall as Wall Street retreats, ending record-setting rally
Economy|Entertainment|US

Federal Reserve on cusp of what some thought impossible: Defeating inflation without steep recession

It was the most painful inflation Americans had experienced since 1981, when “The Dukes of Hazzard” and “The Jeffersons” were topping the TV charts

Federal Reserve on cusp of what some thought impossible: Defeating inflation without steep recession
Economy|Finance|News|US

Congressional Budget Office projects lower inflation and higher unemployment into 2025

The Congressional Budget Office says it expects inflation to nearly hit the Federal Reserve’s 2% target rate in 2024, as overall growth is expected to slow and unemployment is expected to rise into 2025, according to updated economic projections for the next two years

Congressional Budget Office projects lower inflation and higher unemployment into 2025
Economy|Election|News|Opinion|US

Biden goes into 2024 with the economy getting stronger, but voters feel horrible about it

President Joe Biden goes into next year’s election with a vexing challenge: Just as the U.S. economy is getting stronger, people are still feeling horrible about it

Biden goes into 2024 with the economy getting stronger, but voters feel horrible about it
Business|Economy|Finance

Speculation about eventual rate cuts is rising, but Fed is set to leave interest rates unchanged

With inflation edging closer to the Federal Reserve’s 2% target, its policymakers are facing — and in some cases fueling — hopes that they will make a decisive shift in policy and cut interest rates next year, possibly as soon as spring

Speculation about eventual rate cuts is rising, but Fed is set to leave interest rates unchanged
Economy|Finance|News|Stock Markets|US

Fed's Powell notes inflation is easing but downplays discussion of interest rate cuts

Inflation is slowing steadily, but it’s too early to declare victory or to discuss when the Federal Reserve might cut interest rates, Chair Jerome Powell said

Fed's Powell notes inflation is easing but downplays discussion of interest rate cuts
Business|Economy|Finance|News|Stock Markets|US

Stock market today: Wall Street extends its rally and closes at highest level since March 2022

Stocks gained ground on Wall Street as the market comes off its best month in more than a year

Stock market today: Wall Street extends its rally and closes at highest level since March 2022
Business|Economy|News|US

Applications for jobless benefits up modestly, but continuing claims reach highest level in 2 years

Slightly more Americans filed for jobless claims last week, but the overall number of people in the U.S. collecting unemployment benefits rose to its highest level in two years

Applications for jobless benefits up modestly, but continuing claims reach highest level in 2 years
Economy|Europe|News

Inflation in Europe falls to 2.4% as interest rates pack a punch. But the economy has stalled

Europeans are again seeing some relief as inflation dropped to 2.4% in November, the lowest in more than two years

Inflation in Europe falls to 2.4% as interest rates pack a punch. But the economy has stalled
Economy|Finance|News|World

The world economy will slow next year because of inflation, high rates and war, OECD says

The global economy, which has proved surprisingly resilient this year, is expected to falter next year under the strain of wars, still-elevated inflation and continued high interest rates

The world economy will slow next year because of inflation, high rates and war, OECD says
Asia|Business|Economy|Finance|News|World

Stock market today: Asian shares mostly higher ahead of US price update, OPEC+ meeting

Asian shares are mostly higher ahead of the release of U.S. consumer inflation data

Stock market today: Asian shares mostly higher ahead of US price update, OPEC+ meeting
Business|Economy|Finance|Stock Markets|US

Fed's Waller raises possibility of a rate cut by spring if inflation keeps slowing

A key Federal Reserve official raised the possibility that the Fed could decide to cut its benchmark interest rate as early as spring if inflation keeps declining steadily

Fed's Waller raises possibility of a rate cut by spring if inflation keeps slowing
Business|Economy|News|US

Biden says he's helped lower inflation as he hosts first meeting of his new supply chain council

President Joe Biden has opened the first meeting of his supply chain resilience council by warning companies against price gouging and saying that his administration is working to lower costs for U.S. families

Biden says he's helped lower inflation as he hosts first meeting of his new supply chain council
Economy|Finance|News|US

Federal Reserve minutes: Officials saw inflation slowing but will monitor data to ensure progress

Federal Reserve officials concluded earlier this month that inflation was steadily falling and agreed to closely monitor incoming data to ensure that the pace of price increases would continue slowing toward their 2% target, according to the minutes of their meeting

Federal Reserve minutes: Officials saw inflation slowing but will monitor data to ensure progress
Asia|Business|Economy|Finance|Stock Markets

Stock market today: Asian shares slip following a weak close on Wall Street

Shares are mostly lower in Asia after Wall Street’s rally ran out of momentum

Stock market today: Asian shares slip following a weak close on Wall Street
Business|Economy|News|US

U.S. applications for jobless claims rise as labor market begins to show some signs of cooling

More Americans filed for jobless claims last week, and while the labor market remains broadly healthy, there have been recent signs that it may finally be cooling

U.S. applications for jobless claims rise as labor market begins to show some signs of cooling
Business|Finance|News|Stock Markets|US

Macy's puts up strong third quarter numbers, raises profit outlook and top end of full-year revenue

Macy’s third-quarter sales declined as consumers remain cautious on their spending, but the results and its adjusted profit both topped Wall Street’s expectations

Macy's puts up strong third quarter numbers, raises profit outlook and top end of full-year revenue
Economy|Finance|News|US

Retail sales slip in October as consumers pull back after summer splurges

Americans cut back on retail spending in October, ending six straight months of gains, though the decline was partly driven by falling prices for both gasoline and cars

Retail sales slip in October as consumers pull back after summer splurges
Business|Economy|Europe|Finance|News

Economy has lost momentum during a tough year, EU commission says and warns of risk from Mideast

The European Union’s executive commission has lowered growth its expectations for this year and next, saying the economy “has lost momentum” as inflation discourages consumers and higher interest rates deter borrowing for purchases and investment

Economy has lost momentum during a tough year, EU commission says and warns of risk from Mideast
Economy|Finance|News

UK government meets pledge to halve inflation this year as rate falls to 2-year low of 4.6%

Inflation in the U.K. dropped sharply in October to its lowest level in two years largely because last year's steep rise in domestic energy bills dropped out of the annual comparison

UK government meets pledge to halve inflation this year as rate falls to 2-year low of 4.6%
Asia|Business|Finance|Stock Markets

Stock market today: Asian shares fall over China-US jitters following Biden's meeting with Xi

Asian shares have retreated after Wall Street added a bit more to its big rally from a day before

Stock market today: Asian shares fall over China-US jitters following Biden's meeting with Xi
Business|Economy|News|US

U.S. job openings rise slightly to 9.6 million, sign of continued strength in the job market

Employers posted 9.6 million job openings in September, up from 9.5 million in August and a sign that the U.S. job market remains strong in the face of higher interest rates

U.S. job openings rise slightly to 9.6 million, sign of continued strength in the job market
Asia|Business|Economy|Finance|US

Stock market today: Asian shares surge on hopes the Federal Reserve’s rate hikes are done

Asian shares are surging after the U.S. Federal Reserve indicated it may not need to pump the brakes any harder on Wall Street and the economy

Stock market today: Asian shares surge on hopes the Federal Reserve’s rate hikes are done
Business|Economy|Finance|News|US

Federal Reserve leaves its key rate unchanged but keeps open possibility of a future hike

The Federal Reserve kept its key short-term interest rate unchanged for a second straight time but left the door open to further rate hikes if inflation pressures should accelerate in the months ahead

Federal Reserve leaves its key rate unchanged but keeps open possibility of a future hike
Business|Economy|Finance|News|US

US consumers feeling slightly less confident in October for 3rd straight month

American consumers are feeling increasingly less confident these days as fears of an oncoming recession remain elevated

US consumers feeling slightly less confident in October for 3rd straight month
Asia|Business|Finance|Stock Markets|World

Stock market today: Asian shares track Wall Street gains ahead of Fed decision on interest rates

Asian shares are mostly higher after Wall Street advanced to claim back some of the ground it gave up in another losing month

Stock market today: Asian shares track Wall Street gains ahead of Fed decision on interest rates
Business|Economy|Finance|News|US

Surge in interest rates and a cloudier economic picture to keep Federal Reserve on sidelines

The Federal Reserve is poised to leave its key interest rate unchanged at a time when the Fed faces an economy that has proved resilient but is nevertheless under pressure from surging interest rates, overseas turmoil and anxious investors

Surge in interest rates and a cloudier economic picture to keep Federal Reserve on sidelines
Economy|Finance|US

Many Americans say their household expenses are outpacing earnings this year, AP-NORC poll shows

About two in three Americans say their household expenses have risen over the last year, but only about one in four say their income has increased in the same period

Many Americans say their household expenses are outpacing earnings this year, AP-NORC poll shows
Asia|Business|Economy|Finance|News|Stock Markets|World

Stock market today: Asian shares rebound following latest tumble on Wall Street. Oil prices gain $1

Asian shares have risen after the latest tumble on Wall Street

Stock market today: Asian shares rebound following latest tumble on Wall Street. Oil prices gain $1
Business|Economy|Europe|Finance

Europe's central bank halts rate hikes as war in the Middle East casts a shadow over the economy

The European Central Bank has taken a break from interest rate increases

Europe's central bank halts rate hikes as war in the Middle East casts a shadow over the economy
Business|Economy|Finance|News|US

US economic growth accelerated to strong 4.9% rate last quarter as consumers shrugged off Fed hikes

The nation’s economy expanded at a robust 4.9% annual rate from July through September as Americans defied higher prices, rising interest rates and widespread forecasts of a recession to spend at a brisk pace

US economic growth accelerated to strong 4.9% rate last quarter as consumers shrugged off Fed hikes
Food|Health

Food insecurity shot up last year with inflation and the end of pandemic-era aid, a new report says

An estimated 17 million households reported problems finding enough food last year

Food insecurity shot up last year with inflation and the end of pandemic-era aid, a new report says
Asia|Business|Finance|Stock Markets|US

Stock market today: Asian shares mixed after US stocks wobble as US Treasury bond yields veer

Asian shares are mixed after Wall Street wobbled to a mixed close as yields on U.S. Treasury bonds fell back after jumping above 5%

Stock market today: Asian shares mixed after US stocks wobble as US Treasury bond yields veer
Business|Economy|Finance|News

Fed Chair Powell: Slower economic growth may be needed to conquer stubbornly high inflation

Federal Reserve Chair Jerome Powell said inflation remains too high and that bringing it down to the Fed’s target level will likely require a slower-growing economy and job market

Fed Chair Powell: Slower economic growth may be needed to conquer stubbornly high inflation
Business|Economy|US

Applications for US jobless benefits fall to lowest level in more than 8 months

Applications for U.S. unemployment benefits fell to their lowest level in eight months last week as businesses continue to retain workers despite elevated interest rates meant to cool the economy and labor market

Applications for US jobless benefits fall to lowest level in more than 8 months
Economy|Finance|News

Inflation in UK unchanged at 6.7% in September, still way more than Bank of England's target of 2%

Inflation in the U.K. held steady at 6.7% in September as easing food and drink price rises were offset by higher fuel costs for motorists

Inflation in UK unchanged at 6.7% in September, still way more than Bank of England's target of 2%
Business|Finance|US

Stock market today: Wall Street struggles as war worries collide with hope for stronger profits

U.S. stocks mostly fell after getting pulled in opposite directions by competing waves of optimism and fear

Stock market today: Wall Street struggles as war worries collide with hope for stronger profits
Economy|MidEast

IMF sees economic growth in the Mideast improving next year. But the Israel-Hamas war poses risks

The International Monetary Fund says Middle East economies are gradually recovering as external shocks from the war in Ukraine and global inflation fade

IMF sees economic growth in the Mideast improving next year. But the Israel-Hamas war poses risks
Economy|Finance|News|US

US inflation eased slightly last month as price increases extend slow descent

Measures of U.S. inflation barely declined in September, evidence that consumer price increases are grinding lower at a gradual pace

US inflation eased slightly last month as price increases extend slow descent
Business|Economy|Finance|US

Federal Reserve minutes: Officials signal cautious approach to rates amid heightened uncertainty

Federal Reserve officials regarded the U.S. economy’s outlook as particularly uncertain last month, according to minutes released Wednesday, and said they would “proceed carefully” in deciding whether to further raise their benchmark interest rate

Federal Reserve minutes: Officials signal cautious approach to rates amid heightened uncertainty
Business|Economy|Finance|News|US

Wholesale inflation in US rises 2.2% in September, biggest year-over-year gain since April

U.S. wholesale prices rose last month at the fastest pace since April, suggesting that inflationary pressures remain despite a year and a half of higher interest rates

Wholesale inflation in US rises 2.2% in September, biggest year-over-year gain since April
Economy|Europe|News

German government forecasts that the country's economy will shrink by 0.4% this year

Germany's government says it expects the country’s economy to shrink by 0.4% this year

German government forecasts that the country's economy will shrink by 0.4% this year
Asia|Business|Finance|MidEast|News|Stock Markets|US|World

Stock market today: Asian shares rise with eyes on prices, war in Middle East

Asian shares are mostly higher as investors await the release of U.S. consumer price data and keep a cautious watch on the war between Israel and the Palestinian militant group Hamas

Stock market today: Asian shares rise with eyes on prices, war in Middle East
Economy|News|World

IMF outlook worsens for a 'limping' world economy. Mideast war poses new uncertainty

The International Monetary Fund warns that the world economy has lost momentum from the impact of higher interest rates, the invasion in Ukraine and widening geopolitical rifts

IMF outlook worsens for a 'limping' world economy. Mideast war poses new uncertainty
Business|Economy|Finance|News|US

2 Federal Reserve officials say spike in bond yields may allow central bank to leave rates alone

Two Federal Reserve officials have suggested that the central bank may leave interest rates unchanged at its next meeting in three weeks

2 Federal Reserve officials say spike in bond yields may allow central bank to leave rates alone
Asia|Business|Economy|Finance|Stock Markets

Stock market today: Asian benchmarks mostly rise in subdued trading on US jobs worries

Asian shares are mostly higher in cautious trading after Wall Street drifted to a quiet close on worries about a too-hot U.S. job market

Stock market today: Asian benchmarks mostly rise in subdued trading on US jobs worries
Business|Economy|Finance

A surge of hiring in September defies predictions, pointing to US job market's enduring resilience

An unforeseen burst of hiring last month has lifted hopes that the economy will prove durable once again, even as an array of threats lie ahead

A surge of hiring in September defies predictions, pointing to US job market's enduring resilience
Asia|Business|Economy|Finance|Stock Markets|US|World

Stock market today: Asian benchmarks mostly rise in subdued trading on US jobs worries

Asian shares are mostly higher in cautious trading after Wall Street drifted to a quiet close on worries about a too-hot U.S. job market

Stock market today: Asian benchmarks mostly rise in subdued trading on US jobs worries
Business|Economy|Finance|Stock Markets

How a strong start to 2023 for Wall Street got knocked off course by soaring bond yields

Treasury yields surged in September and sapped the energy from a strong stock market as investors came to terms with the likelihood that interest rates will remain high well into next year

How a strong start to 2023 for Wall Street got knocked off course by soaring bond yields
Business|Economy|Finance|News|US

Higher gas prices lift Fed's preferred inflation gauge but underlying price pressures remain mild

An inflation gauge closely tracked by the Federal Reserve rose in August, boosted mainly by higher gas prices

Higher gas prices lift Fed's preferred inflation gauge but underlying price pressures remain mild
Economy|Europe|Finance

Inflation drops to a two-year low in Europe. It offers hope, but higher oil prices loom

Inflation has dropped sharply in Europe

Inflation drops to a two-year low in Europe. It offers hope, but higher oil prices loom
Business|Economy|Finance|US

The average long-term US mortgage rate reaches highest point in nearly 23 years, hitting 7.31%

Home loan borrowing costs climbed again this week, pushing the average long-term U.S. mortgage rate to its highest level in nearly 23 years, another blow to prospective homebuyers facing an increasingly less affordable housing market

The average long-term US mortgage rate reaches highest point in nearly 23 years, hitting 7.31%
Business|Economy|Europe|Finance

Interest rates will stay high 'as long as necessary,' the European Central Bank's leader says

The head of the European Central Bank says interest rates will stay high long enough to restrict business activity for “as long as necessary” to beat back inflation because upward pressure on prices “remains strong.”

Interest rates will stay high 'as long as necessary,' the European Central Bank's leader says
Economy|Finance|News

Bank of England joins US Fed in keeping interest rates unchanged after inflation declines

The Bank of England has paused nearly two years of interest rate increases after a surprising fall in U.K. inflation eased concerns about the pace of price rises

Bank of England joins US Fed in keeping interest rates unchanged after inflation declines
Business|Economy|Europe|Finance

Sweden's central bank hikes key interest rate, saying inflation is still too high

Sweden’s central bank has raised its key interest rate, saying the “inflationary pressures in the Swedish economy are still too high.”

Sweden's central bank hikes key interest rate, saying inflation is still too high
Business|Economy|News

The Federal Reserve held off hiking interest rates − it may still be too early to start popping the corks

News of a soft landing may be premature.

The Federal Reserve held off hiking interest rates − it may still be too early to start popping the corks
Economy|Europe|News|World

UK inflation fell unexpectedly in August. That makes it unclear what the Bank of England will do

Inflation in Britain fell unexpectedly in August to its lowest level since the start of Russia’s invasion of Ukraine

UK inflation fell unexpectedly in August. That makes it unclear what the Bank of England will do
Asia|Business|Economy|Finance|Stock Markets

Stock market today: Asian shares track Wall Street's slump after Fed says rates may stay high in '24

Asian shares are lower, tracking a slump on Wall Street after the Federal Reserve said it may not cut interest rates next year by as much as it earlier thought

Stock market today: Asian shares track Wall Street's slump after Fed says rates may stay high in '24
Economy|Finance|US

Fed keeps rates unchanged and signals optimism about a potential 'soft landing'

The Federal Reserve left its benchmark interest rate unchanged for the second time in its past three meetings, a sign that it’s moderating its fight against inflation as price pressures have eased

Fed keeps rates unchanged and signals optimism about a potential 'soft landing'
Business|Economy|Finance|US

Federal Reserve is poised to leave rates unchanged as it tracks progress toward a 'soft landing'

Since Federal Reserve officials last met in July, the economy has moved in the direction they hoped to see: Inflation continues to ease, if more slowly than most Americans would like, while growth remains solid and the job market cools

Federal Reserve is poised to leave rates unchanged as it tracks progress toward a 'soft landing'
Business|Economy|Finance|US

Retail sales rise 0.6% in August largely due to a spike in gas prices

Americans stepped up retail spending modestly from July to August as the price of gasoline jumped, cutting into budgets as many families send their kids off to school

Retail sales rise 0.6% in August largely due to a spike in gas prices
Business|Economy|Finance|Stock Markets|US

Wholesale price inflation accelerated in August from historically slow pace

U.S. wholesale prices increases accelerated in August, a sign that inflation remains stubbornly persistent despite a series of sharp interest rate hikes by the Federal Reserve

Wholesale price inflation accelerated in August from historically slow pace
Economy|News|US

Applications for US jobless benefits tick up slightly

The number of Americans applying for unemployment benefits last week ticked up modestly after falling to the lowest level in seven months the week before

Applications for US jobless benefits tick up slightly
Asia|Economy|Finance|News|Stock Markets|US

Stock market today: Asian shares mostly higher after US inflation data ease rate hike worries

Shares are mostly higher in Asia after a highly anticipated report showed inflation accelerated across the U.S. in August, but not by much more than expected

Stock market today: Asian shares mostly higher after US inflation data ease rate hike worries

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