Inflation

FILE - In this Thursday, Jan. 1, 2015 file photo, euro coins and banknotes are shown by a salesclerk at a shop in Vilnius, Lithuania. Italy's economy minister says the new populist government isn't discussing any proposal to leave the eurozone. Minister Giovanni Tria, in an interview Sunday, June 10, 2018 in Corriere della Sera newspaper, said "not only do we not want to exit" the 19-member shared currency union, but the coalition is determined to act so conditions don't occur to "put our presence in the euro(zone) up for discussion." (AP Photo/Mindaugas Kulbis, File)
June 14, 2018 - 9:59 am
RIGA, Latvia (AP) — The Latest on the European Central Bank's monetary policy meeting (all times local): 4:30 p.m. In response to a question about populist politicians' claim that the euro is not good for some countries, the head of the European Central Bank says the shared currency is irreversible...
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Federal Reserve Chair Jerome Powell speaks during a news conference after the Federal Open Market Committee meeting, Wednesday, June 13, 2018, in Washington. The Federal Reserve is raising its benchmark interest rate for the second time this year and signaling that it may step up its pace of rate increases because of solid economic growth and rising inflation. (AP Photo/Jacquelyn Martin)
June 13, 2018 - 3:25 pm
WASHINGTON (AP) — The Latest on the Federal Reserve policy meeting (all times local): 3:20 p.m. Federal Reserve Chair Jerome Powell says the U.S. central bank has not resolved how financial institutions should deal with marijuana businesses. Marijuana usage is permitted in some states, but not by...
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FILE- In this March 21, 2018, file photo, Federal Reserve Chairman Jerome Powell speaks following the Federal Open Market Committee meeting in Washington. Investors are eagerly awaiting the updated economic forecasts the Fed will issue when its meeting ends Wednesday, June 13. (AP Photo/Carolyn Kaster, File)
June 13, 2018 - 2:29 pm
WASHINGTON (AP) — The Federal Reserve has raised its benchmark interest rate for the second time this year and signaled that it may step up its pace of rate increases because of solid U.S. economic growth and rising inflation. The Fed now foresees four rate hikes this year, up from the three it had...
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FILE- In this April 4, 2018, file photo apples grown in Washington state are displayed for sale at the Pike Place Market in Seattle. U.S. wholesale prices last month posted the biggest 12-month gain since January 2012, a sign that the strong economy is beginning to rouse inflation. The Labor Department said Wednesday, June 13, its producer price index, which measures inflation before it reaches consumers, rose 3.1 percent from May 2017. (AP Photo/Elaine Thompson, File)
June 13, 2018 - 8:44 am
WASHINGTON (AP) — U.S. wholesale prices last month posted the biggest 12-month gain since January 2012, a sign that the strong economy is beginning to rouse inflation. The Labor Department said Wednesday that its producer price index— which measures inflation before it reaches consumers— rose 3.1...
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FILE- This April 5, 2018, file photo shows part of the trading floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EDT on Tuesday, June 12. (AP Photo/Richard Drew, File)
June 12, 2018 - 11:52 am
NEW YORK (AP) — U.S. and global stock markets were mostly higher Tuesday as investors reacted calmly to the outcome of a meeting between President Donald Trump and North Korean leader Kim Jong Un. KEEPING SCORE: The Dow Jones industrial average was up 5 points, or less than 0.1 percent, to 25,327...
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June 12, 2018 - 8:37 am
WASHINGTON (AP) — U.S. consumer prices rose 0.2 percent in May, with surging gasoline costs driving much of the increase. The Labor Department says the consumer price index climbed 2.8 percent in May from a year earlier, putting inflation on its fastest annual pace since February 2012. But core...
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FILE- In this April 6, 2018, file photo, federal Reserve Chairman Jerome Powell listens as he tours mHUB during a visit in Chicago. Investors are eagerly awaiting the updated economic forecasts the Fed will issue when its meeting ends Wednesday, June 13. (AP Photo/Charles Rex Arbogast, File)
June 11, 2018 - 12:22 pm
WASHINGTON (AP) — Another interest rate increase is all but certain when the Federal Reserve meets this week. What's not so sure is whether the vigorous U.S. economy will lead the Fed to accelerate its rate hikes in the months ahead — a move that could raise the risk of a recession. When it last...
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June 10, 2018 - 11:54 am
CAIRO (AP) — Egypt's official statistics agency says the inflation rate has increased to 13.2 percent in May, ahead of a possible new round of price hikes as part of austerity measures designed to overhaul the country's economy. The figures, announced Sunday by the Central Agency for Mobilization...
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FILE - In this May 10, 2018 file photo, International Monetary Fund (IMF) Managing Director Christine Lagarde, right, meets with Argentina's Treasury Minister Nicolas Dujovne, at the IMF in Washington. Argentina and the IMF have agreed on a $50 billion stand-by deal aimed at strengthening the South American country's economy, announced on Thursday, June 7, 2018. (AP Photo/Jacquelyn Martin, File)
June 07, 2018 - 8:24 pm
WASHINGTON (AP) — Argentina and the International Monetary Fund agreed Thursday on a three-year $50 billion stand-by financing deal aimed at strengthening the South American country's economy and helping it fight inflation. The IMF said the staff-level agreement will be subject to approval by the...
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June 06, 2018 - 7:57 am
NEW DELHI (AP) — India's central bank raised its benchmark lending rate Wednesday to tamp down rising inflation following an increase in oil prices. The increase of one-quarter percentage point to 6.25 percent is the first since January 2014 and comes at a time when consumer inflation is at a four-...
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