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September 5, 2008 12:05:56 AM CDT

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Stories related to: inflation

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Stories 61 - 80 of 107

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  • January 2008

    • Mugabe Foe Briefly Arrested Ahead of Rally

      Mail & Guardian (South Africa)  |  Jan 23, 08 10:42 AM CST

      Mugabe Foe Briefly Arrested Ahead of Rally

      (Newser) - Robert Mugabe's main opponent was arrested in the middle of the night ahead of a planned rally today in the Zimbabwean capital of Harare, reports the Mail and Guardian . He was later released without charge. Police have banned Morgan Tsvangirai and his Movement for Democratic Change from holding a demonstration, but the opposition leader has vowed it will go ahead. More »

      Tags

      Zimbabwe  • Robert Mugabe  • inflation  • Morgan Tsvangirai

    • Bernanke Backs Quick Bailout

      CNN  |  Jan 17, 08 10:50 AM CST

      Bernanke Backs Quick Bailout

      (Newser) - The country needs a federal stimulus package ASAP, Federal Reserve Chairman Ben Bernanke told the House Budget Committee today, advocating immediate legislation designed “so its effects on aggregate spending are felt as much as possible within the next 12 months.” But he said the package should be “explicitly temporary,” to avoid unwanted long-term stimulus and an undue deficit bulge, CNNMoney reports. More »

    • Retail Sales In Surprise Swoon

      Bloomberg  |  Jan 15, 08 8:42 AM CST

      Retail Sales In Surprise Swoon

      (Newser) - Retail sales fell 0.4% in December, an unexpected drop that capped off retailers’ worst year since 2002 and is sure to fuel rampant recession fears. “Consumer spending slowed down pretty dramatically,” one economist tells Bloomberg. “We are kind of flying very close to a stall speed.” Prognosticators had expected sales to hold steady after November’s revised 1% gain; the lag suggests that gas prices, the housing slump, and the weak job market may be catching up with consumers. More »

      Tags

      Ben Bernanke  • inflation  • retail sales  • consumer spending  • Commerce Department

    • Bernanke Hints at Hefty Interest Rate Cuts

      Wall Street Journal  |  Jan 10, 08 1:30 PM CST

      Bernanke Hints at Hefty Interest Rate Cuts

      (Newser) - The Federal Reserve may make "substantive" cuts to interest rates later this month in the face of rising economic difficulties, Ben Bernanke said today. Citing troubled financial markets and rising unemployment, the Fed chairman implied that it might drop its target short-term interest rate by .5% from 4.25%. “We stand ready to take substantive additional action as needed to support growth,” Bernanke said. More »

    • Goldman Predicts Recession

      NPR  |  Jan 10, 08 12:31 PM CST

      Goldman Predicts Recession

      (Newser) - Goldman Sachs is predicting that the economy will slide into a recession this year—which has Wall Street worried, because Goldman’s been right about everything else. The investment firm forecasts a mild pullback extending over two quarters, driving up already-growing unemployment. “If we don't get job growth we don't get income growth, we don't get consumer spending, and we do get a recession,” another firm’s economist told NPR. More »

      Tags

      US economy  • Federal Reserve  • recession  • inflation  • Goldman Sachs  • unemployment  • interest rate cut  • consumer spending

    • Fed Remains Open to More Rate Cuts

      Wall Street Journal  |  Jan 2, 08 7:33 PM CST

      Fed Remains Open to More Rate Cuts

      (Newser) - Fed officials will consider deeper rate cuts and a "substantial further easing of policy" if the turmoil in the credit and housing markets continues, according to minutes of last month's meeting. Officials displayed surprise at the extent of the housing crisis and acknowledged that market strains "could persist for quite some time," the Wall Street Journal reports. More »

  • December 2007

    • Iran's Prez Under Fire for Rising Inflation

      Associated Press  |  Dec 27, 07 7:35 PM CST

      Iran's Prez Under Fire for Rising Inflation

      (Newser) - Skyrocketing inflation in Iran is sparking criticism of President Mahmoud Ahmadinejad—even from within his own conservative party, the AP reports. Prices for food and homes have surged in recent months. Ahmadinejad, who ran in 2005 on promises to use oil revenue to boost the economy, blames his predecessors for the country's economic woes. The argument, however, isn't washing. More »

      Tags

      Iran  • inflation  • Mahmoud Ahmadinejad

    • Stocks Climb After Rough Day

      Wall Street Journal  |  Dec 18, 07 3:40 PM CST

      Stocks Climb After Rough Day

      (Newser) - The market was up and down all day today as investors divided on whether to applaud cash injections and welcome good earnings reports or fret over bad housing numbers and inflation concerns. The Dow ultimately climbed 65.27 to 13,232.47, the Nasdaq added 21.57 to 2,596.03 and the S&P tacked on 9.08 to 1,454.98. More »

      Tags

      S&P 500  • Nasdaq  • inflation  • Goldman Sachs  • Best Buy

    • Global Food Prices Soar

      Financial Times (UK)  |  Dec 17, 07 4:44 PM CST

      Global Food Prices Soar

      (Newser) - Expect another surge in the cost of breakfast cereal: The benchmark price for wheat rose above $10 a bushel for the first time today, further fueling the inflation in global food costs that kicked in last summer. Benchmark prices for rice futures also hit a new high, and corn and soybeans hit 11- and 34-year peaks, respectively, the Financial Times reports. More »

      Tags

      inflation  • food prices  • commodities  • Chicago Board of Trade

    • Stocks Plunge to End Off Week

      Wall Street Journal  |  Dec 14, 07 3:51 PM CST

      Stocks Plunge to End Off Week

      (Newser) - The Dow dived 178.11 points today to 13,339.85 after a 0.8% spike in the consumer price index, the biggest since September 2005, sparked concern that the era of rate cuts might be over. Inflation was “the 800-pound gorilla in the room,” one strategist told the Journal. The Nasdaq slid 32.75 to 2,635.74, and the S&P 500 fell 20.46 to 1,467.95. More »

      Tags

      S&P 500  • Nasdaq  • Dow Jones  • inflation  • Citigroup  • US dollar  • consumer confidence index

    • Consumer Prices Jump Most in 2 Years

      Bloomberg  |  Dec 14, 07 9:36 AM CST

      Consumer Prices Jump Most in 2 Years

      (Newser) - November’s consumer price index spiked 0.8%—the biggest rise since September 2005—as soaring energy costs pushed up prices on an array of  goods and services. The increase, higher than the 0.6% anticipated, reignites inflation worries, causing experts to predict that further Fed rate cuts are unlikely, Bloomberg reports. More »

      Tags

      gas prices  • oil price  • inflation  • core inflation  • energy prices  • Consumer Price Index

    • China Looks to Buy American

      Bloomberg  |  Dec 10, 07 7:27 PM CST

      China Looks to Buy American

      (Newser) - China, increasingly being called upon to more rapidly adjust the growth of the yuan against the dollar, is looking to expand its investment in US assets as a way to funnel its powerhouse currency out of the country, Bloomberg reports today. Treasury Secretary Henry Paulson visits Beijing Wednesday for a third round of strategic trade talks, and will push yuan appreciation as a consumer price control measure. More »

      Tags

      China  • credit crisis  • inflation  • Henry Paulson  • US dollar  • Beijing  • currency exchange  • yuan  • US exports  • trade surplus

  • November 2007

    • WH Pares 2008 Economic Forecast, Hikes Jobless Rate

      Associated Press  |  Nov 29, 07 12:30 PM CST

      WH Pares 2008 Economic Forecast, Hikes Jobless Rate

      (Newser) - The White House cut back its expectations for 2008 economic growth today and said unemployment rates are likely to worsen, citing the housing slump. GDP will grow only by 2.7% next year, down from an earlier 3.1%, said officials from Treasury and the Council of Economic Advisers; and the jobless rate is expected to hit 4.9%, worse than the previous forecast of 4.7%. More »

    • Inflation Still in Check as Housing Offsets Energy

      Wall Street Journal  |  Nov 15, 07 9:43 AM CST

      Inflation Still in Check as Housing Offsets Energy

      (Newser) - Consumer prices saw only modest gains last month, welcome news for inflation watchers with an eye on rising oil prices and a dropping dollar. The Consumer Price Index rose 0.3%, in lockstep with analysts' estimates. Core CPI, which excludes food and energy, rose 0.2%. Year-over-year, the increases were 3.5% and 2.2% respectively, with the latter just above the Fed’s presumed 1%-2% comfort zone, the Wall Street Journal reports. More »

      Tags

      Federal Reserve  • Ben Bernanke  • inflation  • core inflation

    • Bernanke Ups Fed Transparency

      Wall Street Journal  |  Nov 14, 07 10:34 AM CST

      Bernanke Ups Fed Transparency

      (Newser) - The Federal Reserve will issue more detailed reports  twice as often, Ben Bernanke announced today. Starting next Tuesday, the Fed will release projections for inflation, GDP, and unemployment four times a year, accompanied by a “narrative” telling investors what the Fed is thinking. Bernanke also said he’d be looking at overall inflation from now on, not just the gas- and food-free core rate. More »

      Tags

      Federal Reserve  • Ben Bernanke  • inflation  • core inflation

  • October 2007

    • Fed Slashes Key Interest Rate Another Quarter-Point

      Wall Street Journal  |  Oct 31, 07 1:42 PM CDT

      Fed Slashes Key Interest Rate Another Quarter-Point

      (Newser) - The Federal Reserve cut its key lending rate today by 25 basis points, to 4.5%. The expected reduction is the second of the federal funds rate in two months. The board asserted, however, that growth and inflation risks are now “roughly balanced,” a signal that further cuts shouldn’t be taken for granted. The discount rate was also cut by a quarter-point, to 5%. More »

      Tags

      Ben Bernanke  • inflation  • mortgage  • interest rate  • interest rate cut  • Fed

    • Wall Street Watching Fed's High Wire Act

      Associated Press  |  Oct 28, 07 6:32 PM CDT

      Wall Street Watching Fed's High Wire Act

      (Newser) - All eyes are on the Fed this week, with Wall Street expecting a quarter-point rate cut when the group meets Tuesday and Wednesday. But the decision is an usually tough one, the AP reports, with the tight rope between controlling inflation and keeping markets fluid more precarious than it has been for a while. Most investors think the Fed is more concerned about the credit crunch, but how long it will feel that way is unclear. More »

      Tags

      Federal Reserve  • subprime mortgages  • Dow Jones Industrial Average  • Ben Bernanke  • inflation  • stocks  • markets  • credit

    • China's Still Booming, but What About Inflation?

      New York Times  |  Oct 25, 07 8:37 PM CDT

      China's Still Booming, but What About Inflation?

      (Newser) - China's economy is booming and inflation is in check, but for how long? Third quarter growth swelled the economy by 11.5%, putting China ahead of Asian rivals India and Vietnam, and inflation dropped to 6.2%. Beijing says it will keep falling, but inflationary fears sent the Shanghai stock market down 4.8% today, the New York Times reports More »

      Tags

      China  • inflation  • world economy  • energy prices

  • September 2007

    • What Inflation? Consumer Prices Fall 0.1%

      Bloomberg  |  Sep 19, 07 1:05 PM CDT

      What Inflation? Consumer Prices Fall 0.1%

      (Newser) - Ben Bernanke is likely patting himself on the back right now, Bloomberg reports. US consumer prices fell 0.1% in August, the first decline this year, making Federal Reserve chairman’s rate cut look good, with inflation potentially under control. “Core inflation has now been falling for nearly a year,'' said one analyst. “The Fed's ease yesterday was not a gamble.” More »

      Tags

      Federal Reserve  • gas prices  • housing market  • inflation  • markets  • consumer prices  • core inflation

    • Greenspan Attacks Bush, GOP

      Wall Street Journal  |  Sep 15, 07 7:44 AM CDT

      Greenspan Attacks Bush, GOP

      (Newser) - Former Fed chairman Alan Greenspan lambastes President Bush and his own party  for disastrous economic policies in a memoir published next week. He criticizes the GOP for abandoning fiscal restraint while it had control of both Congress and the White House, the Wall Street Journal reports. Republicans in Congress, he writes, "swapped principle for power. They ended up with neither. They deserved to lose." More »

      Tags

      Federal Reserve  • inflation  • GOP  • Republican Party  • Alan Greenspan

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