Inflation

FILE- In this Oct. 2, 2018, file photo trader Sal Suarino works on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EDT on Wednesday, Oct. 17. (AP Photo/Richard Drew, File)
October 17, 2018 - 4:40 pm
NEW YORK (AP) — After an early slide, U.S. stocks clawed back much of the ground they lost and ended slightly lower Wednesday. Banks climbed but retailers, homebuilders and smaller companies fell. Stocks slumped in morning trading as homebuilders and retailers took sharp losses after the Commerce...
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Federal Reserve Chairman Jerome Powell speaks at the annual meeting of the National Association for Business Economics, Tuesday, Oct. 2, 2018, in Boston. (AP Photo/Elise Amendola)
October 02, 2018 - 2:49 pm
BOSTON (AP) — Federal Reserve Chairman Jerome Powell said Tuesday that he sees no need to drop the central bank's current gradual approach to raising interest rates. Powell said the combination of steady, low inflation and very low unemployment shows the country is going through "extraordinary...
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FILE- In this Aug. 28, 2018, file photo cashier Liz Moore, right, checks out customers Christie Meeks, center, and Lisa Starnes, left, at a Kohl's store in Concord, N.C. On Friday, Sept. 28, the Commerce Department issues its August report on consumer spending, which accounts for roughly 70 percent of U.S. economic activity. (AP Photo/Chuck Burton, File)
September 28, 2018 - 8:33 am
WASHINGTON (AP) — U.S. consumer spending edged up a moderate 0.3 percent in August, the smallest gain in six months, as purchases of cars and other durable goods fell. A key gauge of inflation slowed slightly after posting its biggest annual gain in six years. The Commerce Department said Friday...
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The buildings of the banking district are illuminated by red clouds after sunset in Frankfurt, Germany, Tuesday, Sept. 25, 2018. (AP Photo/Michael Probst)
September 28, 2018 - 5:57 am
LONDON (AP) — Underlying inflation across the 19-country eurozone remains stubbornly low, official figures showed Friday, in what is likely to be a disappointment to policymakers at the European Central Bank who have been predicting a pick-up. Statistics agency Eurostat said Friday that the core...
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FILE- In this July 17, 2018, file photo Federal Reserve Board Chair Jerome Powell testifies before the Senate Committee on Banking, Housing, and Urban Affairs on "The Semiannual Monetary Policy Report to the Congress," at Capitol Hill in Washington. On Wednesday, Sept. 26, the Federal Reserve issues its latest policy statement and updates its interest-rate and economic projections before Powell holds a news conference. (AP Photo/Jose Luis Magana, FIle)
September 26, 2018 - 3:02 pm
WASHINGTON (AP) — The Latest on the Federal Reserve's monetary policy meeting (all times local): 2:55 p.m. Federal Reserve Chairman Jerome Powell says that the several rounds of tariffs launched by the Trump administration have yet to hurt the U.S. economy's performance. But Powell tells reporters...
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September 26, 2018 - 3:20 am
WASHINGTON (AP) — The Federal Reserve is set Wednesday to raise interest rates for a third time this year and possibly modify the likely direction of rates in the months ahead. The big question is whether the strong U.S. economy, which has been fueled this year by tax cuts and increased government...
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FILE- In this Aug. 22, 2018, file photo specialist Anthony Matesic, left, and trader Anthony Carannante work on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EDT on Thursday, Sept. 13. (AP Photo/Richard Drew, File)
September 13, 2018 - 2:12 pm
NEW YORK (AP) — U.S. stocks are climbing Thursday after the Labor Department said inflation slowed a bit in August. Technology companies like Apple and Microsoft made some of the largest gains after a recent bout of uncertainty, and chipmaker Qualcomm jumped after it announced a big stock buyback...
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FILE- In this Sept. 6, 2018, file photo customers use the check out lines inside the new Aldi store in Tyler, Texas. On Thursday, Sept. 13, the Labor Department reports on U.S. consumer prices for August. (Sarah A. Miller/Tyler Morning Telegraph via AP, File)
September 13, 2018 - 8:34 am
WASHINGTON (AP) — Consumer prices rose 2.7 percent in August from a year earlier, with higher housing and gasoline costs driving most of the increase. The Labor Department said Thursday that the consumer price index advanced 0.2 percent on a monthly basis. Despite the monthly gain, annual inflation...
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September 13, 2018 - 7:42 am
ANKARA, Turkey (AP) — Turkey's central bank on Thursday raised its key interest rate sharply, from 17.75 percent to 24 percent, to contain inflation and stem a currency crisis. The bank raised its one-week repo rate significantly despite President Recep Tayyip Erdogan's renewed and public...
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September 13, 2018 - 1:04 am
FRANKFURT, Germany (AP) — The European Central Bank is expected to ratchet back its stimulus efforts again on Thursday as it gingerly phases out extraordinary support for the economy left over from the Great Recession and the euro currency union's debt crisis. The bank's 25-member governing council...
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