蘑菇影院

Inflation

Fed鈥檚 preferred inflation gauge cools, adding to likelihood of a September rate cut

The Federal Reserve鈥檚 favored inflation measure remained low last month, bolstering evidence that price pressures are steadily cooling and setting the stage for the Fed to begin cutting interest rates in September.

Harris will carry Biden鈥檚 economic record into the election. She hopes to turn it into an asset

US economic growth increased last quarter to a healthy 2.8% annual rate

Amazon says this year鈥檚 Prime Day was its biggest ever

European Central Bank leaves key interest rate at 3.75%, waits for signs inflation is under control

Cuba caps prices of basic household items to counter high inflation

In Cuba, authorities have put a price cap on certain foodstuffs in an effort to control inflation. The limited products with capped prices include chicken, vegetable oil, powdered milk, sausages, pasta and powdered laundry detergent. (蘑菇影院 video shot by Ariel Fern谩ndez and Milexsy Dur谩n)

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Russia鈥檚 Central Bank hikes interest rate as inflation soars

Russia鈥檚 Central Bank has raised its key lending rate to the highest level in more than two years to stem soaring inflation in an overheated economy hit by Western sanctions in response to Moscow鈥檚 military action in Ukraine.

Ex-regional Fed president: Inflation headed lower, with interest rates likely to follow

Loretta Mester, having worked in the Federal Reserve system her entire career, rose to become president of the Cleveland Fed for a decade until her retirement on June 30.

Bank of England faces dilemma after potential Taylor Swift upside impact on UK inflation

Inflation in the U.K. held steady at the Bank of England鈥檚 target rate of 2% in June. The Office for National Statistics said Wednesday that the largest upward contribution came from restaurants and hotels, with some economists attributing the increases to Taylor Swift鈥檚 tour of the U.K.

Powell says Federal Reserve is more confident inflation is slowing to its target

Chair Jerome Powell said the Federal Reserve is becoming more convinced that inflation is headed back to its 2% target and said the Fed would cut rates before the pace of price increases actually reached that point.

Trump鈥檚 economic plans include proposed tariffs, tax cuts and no taxes on tips. Details are scarce

The first night of the Republican National Convention kept its official focus on the economy Monday.

Amazon Prime Day deals are almost here. Should you take advantage of them?

It鈥檚 summertime, and the bargains seem easy at a time when many consumer prices are high. July sales events have become a seasonal revenue driver for the retail industry since Amazon launched its first Prime Day in 2015.

Argentina鈥檚 inflation edges up in June, breaking a months-long streak in a blow to President Milei

A closely watched measure of inflation in Argentina remained stronger than the libertarian government of President Javier Milei would have hoped.

US wholesale inflation picked up in June in sign that some price pressures remain elevated

Wholesale prices in the United States rose by a larger-than-expected 2.6% last month from a year earlier, a sign that some inflation pressures remain elevated.

Big bank quarterly results show signs of consumers slowing down spending

Signs of consumers slowing down spending and falling behind on their bills weighed down shares of the big banks on Friday.

Stock market today: Wall Street rolls to the edge of records as hopes remain for cuts to rates

U.S. stocks rose after some mixed signals on big banks鈥� profits and inflation did little to dent Wall Street鈥檚 belief that easier interest rates are on the way.

Groceries are expensive, but they don鈥檛 have to break the bank. Here are some tips to save

If you鈥檝e noticed that you鈥檙e paying more than before for the same amount of groceries, you鈥檙e not the only one.

PepsiCo鈥檚 second quarter profits jump but customers slow their purchases after years of price hikes

PepsiCo reported higher-than-expected earnings in the second quarter but acknowledged that after raising prices every quarter for more than two years, customers are not buying as many of its snacks and drinks.

Stock market today: Asian stocks mixed amid volatile yen after Wall St climbs on inflation report

Asian stocks are mixed after the latest update on inflation bolstered Wall Street鈥檚 belief that relief on interest rates may come as soon as September.

US inflation cools again, potentially paving way for Fed to cut interest rates soon

Inflation in the United States cooled in June for a third straight month, a sign that the worst price spike in four decades is steadily fading and may soon usher in interest rate cuts by the Federal Reserve.

Powell stresses message that US job market is cooling, a possible signal of coming rate cut

Federal Reserve Chair Jerome Powell reinforced a message that the Fed is paying growing attention to a slowing job market and not only to taming inflation, a shift that signals it鈥檚 likely to begin cutting interest rates soon.

Fed鈥檚 Powell highlights slowing job market in signal that rate cuts may be nearing

The Federal Reserve faces a cooling job market as well as persistently high prices, Chair Jerome Powell said in testimony to Congress, a shift in emphasis away from the Fed鈥檚 single-minded fight against inflation that suggests it鈥檚 moving closer to cutting interest rates.

Rent inflation remains a pressure point for small businesses

Rent inflation remains a pressure point for small businesses. The Bank of America Institute found that average monthly rent payment growth for the bank鈥檚 small business clients rose 12% year-over-year in May.

Stock market today: Asian shares are mixed after Fed chair鈥檚 comments give scant clues on rate cuts

Shares are mixed in Asia after testimony from Federal Reserve Chair Jerome Powell in front of Congress provided little new guidance on when the U.S. central bank might lower interest rates.

This week: Consumer prices, Delta Air Lines and bank earnings

On Thursday, the government issues a report on consumer prices in June and Delta Air Lines releases its second-quarter earnings.

Stock market today: Asian shares trade mostly higher after S&P 500, Nasdaq reach more records

Asian shares are trading mostly higher after Wall Street benchmarks reached more milestones. Shares were trading higher in Tuesday morning trading in Tokyo, Sydney and Seoul, while declining slightly in Hong Kong and Shanghai.

Federal Reserve minutes: Inflation is cooling, but more evidence is needed for rate cuts

Federal Reserve officials at their most recent meeting welcomed recent signs that inflation is slowing and highlighted data suggesting that the job market and the broader economy could be cooling.

Fed Chair Jerome Powell: US inflation is cooling again, though it isn鈥檛 yet time to cut rates

Inflation in the United States is slowing again after higher readings earlier this year, Federal Reserve Chair Jerome Powell said, while adding that more such evidence would be needed before the Fed would cut interest rates.

Inflation is down in Europe. But the European Central Bank is in no hurry to make more rate cuts

Inflation is on the way down in Europe. That鈥檚 good news. But not good enough for the European Central Bank to cut interest rates just yet.

Federal Reserve鈥檚 preferred inflation gauge shows price pressures easing further

A measure of prices that鈥檚 closely tracked by the Federal Reserve suggests that inflation pressures in the U.S. economy are continuing to ease.

Stock market today: Stocks edge lower on Wall Street, ending a 3-week winning streak for the S&P 500

Stocks drifted lower on Wall Street, erasing the S&P 500鈥檚 gains for the week. The S&P 500 slipped 0.4% Friday, but remains close to the record high it set last week.

The Czech central bank again cuts a key interest rate as inflation stays low and economy recovers

The Czech Republic鈥檚 central bank has cut its key interest rate for the fifth straight time as inflation remains low and the economy shows signs of recovery.

US economic growth for last quarter is revised up slightly to a 1.4% annual rate

The American economy expanded at a 1.4% annual pace from January through March, the slowest quarterly growth since spring 2022, the government said in a slight upgrade from its previous estimate.

Stock market today: Asian shares mostly rise ahead of U.S. inflation report

Asian shares are rising as traders looked ahead to a key report on inflation that could influence the Federal Reserve鈥檚 next move on interest rates.

Stock market today: Asian shares are mostly lower ahead of key US inflation report

Shares have fallen in most Asian markets ahead of a key U.S. inflation report due Friday. Benchmarks fell more than 1% in Tokyo, Hong Kong and Sydney.

Charitable donations continue to decline, down 2.1% in 2023, according to a new Giving USA report

Charitable giving dropped 2.1% in 2023 after inflation, according to the most recent Giving USA report, the key findings of which were released Tuesday.