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Inflation

Trader Michael Milano works on the floor of the New York Stock Exchange, Monday, April 23, 2018. U.S. stocks are mixed Monday morning as health care and industrial companies make gains and energy companies slip with oil prices. (AP Photo/Richard Drew)
April 23, 2018 - 12:40 pm

US stocks rise and bond yields set four-year highs

NEW YORK (AP) — U.S. stocks are rising Monday with health care and technology companies and retailers leading the way. Bond prices continue to fall and the yield on the 10-year Treasury note is getting close to 3 percent, a milestone it hasn't reached since January 2014. Aluminum producers are...
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FILE- In this April 5, 2018, file photo, an NYSE logo adorns the entrance to the trading floor the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EDT on Friday, April 20. (AP Photo/Richard Drew, File)
April 20, 2018 - 4:51 pm

Slumping tech companies weigh on US stocks

A steep slide in technology companies weighed on U.S. stocks Friday, pulling the market lower for the second day in a row. Losses among retailers, packaged food and beverage makers and other consumer goods companies also helped weigh down the market. Banks rose as bond yields continued to climb,...
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April 18, 2018 - 6:02 am

Drop in UK inflation raises doubts over rate hike

LONDON (AP) — Inflation in Britain unexpectedly fell in March, official figures showed Wednesday, suggesting that the Brexit vote's boost to prices is running its course and raising questions in financial markets as to whether the Bank of England will raise interest rates again this month. The...
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In this April 9, 2018, photo, merchandise is displayed at a store in Salem, N.H. On Wednesday, April 11, 2018, the Labor Department reports on U.S. consumer prices for March. (AP Photo/Elise Amendola)
April 11, 2018 - 9:01 am

US consumer prices in March rose 2.4 pct. from year earlier

WASHINGTON (AP) — U.S. consumer prices rose 2.4 percent in March from a year earlier, the fastest annual pace in 12 months. The Labor Department said Wednesday that on a monthly basis, the consumer price index declined 0.1 percent in March. The index's yearly gain, however, suggests that inflation...
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April 04, 2018 - 7:25 am

Europe's jobless rate lowest since 2008 amid recovery

FRANKFURT, Germany (AP) — Europe's economic recovery is rolling ahead, driving down unemployment to the lowest in nearly a decade. But lagging inflation means the European Central Bank will be in no hurry to end its stimulus efforts. The European Union's statistics agency Eurostat said Wednesday...
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A New Zealand $5 bank note, pictured on Monday, March 26, 2018, in Wellington, New Zealand. New Zealand's central bank said Monday it will consider employment as well as inflation when setting interest rates and making other monetary policy decisions. (AP Photo/Nick Perry)
March 26, 2018 - 3:49 am

New Zealand's central bank to weigh employment in decisions

WELLINGTON, New Zealand (AP) — New Zealand's central bank said Monday it will consider employment as well as inflation when setting interest rates and making other monetary policy decisions. The Reserve Bank has aimed to keep inflation under control at about 2 percent. Now the bank will also aim to...
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March 26, 2018 - 12:17 am

Survey of business economists finds growing optimism

WASHINGTON (AP) — Business economists are expressing optimism that tax cuts and increased government spending will accelerate economic growth over the next two years. The latest survey by the National Association for Business Economics projects that the economy will grow 2.9 percent this year. That...
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March 22, 2018 - 9:12 am

Bank of England keeps rates on hold and hints at May rise

LONDON (AP) — The Bank of England kept its interest rates unchanged Thursday but appeared to hint that another rate hike in May was possible as inflation remains high. The minutes to the meeting showed that two of the nine members on the Monetary Policy Committee backed an immediate quarter-point...
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March 20, 2018 - 6:21 am

UK households get some relief as inflation dips

LONDON (AP) — Inflation in Britain eased markedly during February, official figures showed Tuesday, in a development that will help ease the pressure on households who have seen price rises outstrip wage increases for months. The Office for National Statistics said consumer price inflation in the...
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FILE - In this March 1, 2018, file photo, Federal Reserve Chairman Jerome Powell testifies as he gives the semiannual monetary policy report to the Senate Banking Committee on Capitol Hill in Washington. The Federal Reserve’s first meeting under Powell’s leadership will likely end Wednesday, March 21, with an announcement that the Fed will resume its modest interest rate hikes. (AP Photo/Jacquelyn Martin, File)
March 19, 2018 - 12:16 pm

Fed set to raise rates as Powell gives 1st news conference

WASHINGTON (AP) — The Federal Reserve's first meeting under Jerome Powell's leadership will likely end Wednesday with an announcement that the Fed will resume its modest interest rate hikes. But investors will be most attuned to what Powell signals at his first news conference about whether and how...
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