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Tag Archives: inflation

TROTTER: Where did inflation run to?

Consumer inflation, according to the Federal Reserve’s inflation gauge, just hit a 50-year low according to the Personal Consumption Expenditures (PCE) price index, which is maintained by the Bureau of Economic Analysis.1 Besides tracking consumer inflation, the PCE price index measures data like household purchases, a major factor in GDP growth. The core PCE index does the same thing without ...

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India raises interest rates more than expected

MUMBAI, India — India’s central bank hiked key interest rates more than expected today to combat rising prices and raised its growth and inflation forecasts for the year. The Reserve Bank of India hiked the repo rate — at which the central bank makes short-term loans to commercial banks — by a quarter percentage point to 5.75 percent. It raised ...

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Fed likely to leave interest rates at record lows

WASHINGTON — To sustain the fragile economic rebound, the Federal Reserve is sure to leave interest rates at record lows and is likely to repeat a pledge to keep them there for a while. The Fed ends a two-day meeting today with policymakers having cause for optimism as well as caution. The economy has been growing again for nearly a ...

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Bullard calls for stronger Fed

ST. LOUIS, Mo. — In remarks Feb. 18 to the Economic Club of Memphis, St. Louis Fed president James Bullard discussed the historical context and deliberate design of the Federal Reserve System. He called for regulatory reform that strengthens – not weakens – the Fed’s ability to head off future financial crises. Bullard also addressed the U.S. economic recovery now ...

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Wholesale prices rebounding

WASHINGTON — U.S. inflation pressures at the wholesale level eased in December as a drop in energy prices offset a big jump in food costs. The Labor Department said today that wholesale prices edged up 0.2 percent last month, much slower than the 1.8 percent surge in November. Energy prices, which had been up for two months, fell in December. ...

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Stocks rally after jump in consumer confidence

NEW YORK — Investors put stocks back on an upward path Tuesday, encouraged by news of a rebound in consumer confidence and more healing in the housing industry. Major stock indexes rose nearly 1 percent in early afternoon trading, led by gains in financials, retailers and homebuilders. Energy and utility stocks fell as oil prices cooled following a recent surge. ...

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