Inflation
Asian stocks are mixed as traders look ahead to the Federal Reserve’s summer conference for signs of whether the U.S. central bank thinks inflation is under control or more interest rate hikes are needed to cool inflation.
Norway’s central bank says it’s raising its key interest rate by a quarter-percentage point to combat high inflation.
The official Dutch statistics office says the Netherlands has fallen into a recession after exports and household spending fell back amid rising interest rates intended to rein in inflation.
Stock market today: Asia follows Wall Street lower after Fed’s notes dent hopes of rate hikes ending
Asian stocks have followed Wall Street lower after notes from a U.S. Federal Reserve meeting dented hopes interest rate hikes are finished.
The Russian ruble has fallen a long way in recent months, and the country’s central bank is stepping in to halt the slide.
Americans increased their purchases at retailers last month – for clothing, dining out, sporting goods and other areas – in a sign that solid consumer spending is still powering a resilient U.S. economy.
Russia’s central bank has made a big interest rate hike in an emergency move designed to fight inflation and strengthen the ruble.
Shoppers are looking beyond just the price tag of a skirt or a pair of pants in the wake of still stubbornly high inflation.
The Commerce Department issues its July retail sales report on Tuesday, TJX reports its second-quarter earnings before the bell on Wednesday, and Walmart releases its second-quarter financial results before markets open on Thursday.
Asian stock markets have tumbled after mixed U.S. economic data revived worries the Federal Reserve might hike interest rates again.
Even President Joe Biden has some regrets about the name of the Inflation Reduction Act. As the giant law turns 1 on Wednesday, it’s increasingly clear that immediately curbing prices wasn’t the point.
Stocks ended another choppy day of trading mixed, leaving the market with its second losing week in a row.
Wholesale prices in the United States picked up in July yet still suggested that inflationary pressures have eased this year since reaching alarming heights in 2022.
Stocks ended another choppy day of trading mixed, leaving the market with its second losing week in a row.
Egypt’s national statistics bureau says inflation has reached a record high in July. It said Thursday that consumer prices rose 38.2% from a year earlier, up from 36.8% in June.
Asian stock markets are lower after U.S. inflation edged higher, fueling unease about the outlook for the biggest global economy.
Inflation in the United States edged up in July after 12 straight months of declines. But excluding volatile food and energy costs, so-called core inflation matched the smallest monthly rise in nearly two years, a sign that the Federal Reserve’s interest rate hikes have continued to slow price incre
Stocks closed lower as Wall Street waited for a highly anticipated report on inflation that’s arriving the following day.
Asian benchmarks are trading mostly lower after shares declined on Wall Street and investors braced for a highly anticipated report on U.S. inflation.
Business Highlights: A summary of the day’s top stories in the business world.
Stocks that traded heavily or had substantial price changes on Tuesday: Eli Lilly, Fox rise; Beyond Meat, RingCentral fall
The Italian finance ministry is defending a proposed 40% tax on some bank profits as being in line with “already existing rules in Europe on extra bank margins.”
US inflation has steadily cooled. Getting it down to the Fed’s target rate will be the toughest mile
Over the past year, inflation in the United States has tumbled from 9% all the way to 3%, softening most of the price pressures that have gripped the nation for more than two years.
Asian shares are mostly trading lower after worries about the U.S. banking system set off a decline on Wall Street and amid concerns closer to home about Chinese economic growth.
Disney reports its fiscal third-quarter financial results on Wednesday. The Labor Department reports on consumer prices for July on Thursday and its monthly snapshot of prices at the wholesale level on Friday.
Asian stocks are mixed after Wall Street rallied and Japanese wages rose ahead of a U.S. inflation update that might influence Federal Reserve plans for more possible interest rate hikes.
Global prices for food commodities like rice and vegetable oil have risen for the first time in months after Russia ended a deal allowing Ukraine ship grain and India restricted some rice exports.
Egypt’s Central Bank announced a new hike in interest rates as the cash-strapped North African country battles surging inflation and a depreciating currency.
Stocks fell to close out a rare losing week for Wall Street following mixed reports on the U.S. job market and two of the market’s most influential stocks.
The average long-term U.S. mortgage rate rose again this week, bad news for Americans seeking to upgrade or buy their first home.
The Bank of England has raised its main interest rate to a fresh 15-year high as it tries to bring down persistently high inflation.