INFLATION

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Americans rediscover the piggy bank

Consumers banked a big portion of their tax rebate checks last month, giving them enough cushion to keep spending for a few more months and perhaps postponing a recession that once seemed inevitable.

U.S. Stocks Mixed on Economic Data, Merrill Plunges

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U.S. stocks were mixed in morning trading on Friday, failing to post a significant rebound a day after the Dow suffered its second-worst percentage loss of the year and closed at its weakest level in 21 months while key inflation gauge showed signs that consumer spending surged in May.

PRECIOUS METALS: Gold Futures Gain on Inflation Concerns

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Gold futures gained in electronic trading on Wednesday afternoon in New York, after ending lower at the close of trade when the Federal Reserve announced its decision to keep interest rates steady as inflation concerns rise.
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Tech Stocks Rally After FOMC Decision

U.S. stocks held onto most of its gains on Wednesday after the Federal Reserve decided to end its string of interest rate cuts and maintain rates at 2 percent as inflation concerns rise.
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Chinese stocks plunge

China's stocks dropped the most in the month as increasing concern mount over companies damaged by the earthquake and inflation risks by reconstruction after-quake.
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Stocks Tumble on Inflation Woes

U.S. stocks plunged on Tuesday after oil soared to nearly $130 a barrel fueling concerns that commodity prices will further dampen U.S. consumption levels, while analysts forecast more credit losses and faster inflation.
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Dollar holds gains versus yen as stocks rise

The dollar was little changed against the yen on Thursday holding on to gains from yesterday as U.S. stocks rose on consumer prices which rose less than expected, alleviating inflation worries.
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Oil Hits New Record of $124 a barrel

Crude futures climbed past $124 a barrel in electronic trading late afternoon, recovering from earlier weakness as traders continued to have concerns over global supplies, while OPEC commented the market is well supplied.
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Dollar takes a breather

Dollar eased against the euro yesterday despite an unexpectedly strong data from the US Service sector.
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Dollar strengthens against Euro

Dollar strengthened against the euro on Friday after government report showed the U.S. economy shed just 20 000 jobs in April fewer than economists had expected.
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Dollar

Dollar strengthened against the euro yesterday as traders took profits on the European currency amid optimism that the Federal Reserve's
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Dollar Rises Ahead of Payrolls Report

The dollar rose on Friday against an index of its largest rival currencies after U.S. economic data on Thursday raised expectations that the Federal Reserve would take a pause from its string of interest rate cuts.
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Dollar declines as Fed Leaves Door Open to More Cuts

The dollar fell against major currencies on Wednesday after the Federal Reserve made an expected quarter point cut in its benchmark interest rate to 2 percent but left open the possibility to further rate cuts, raising concerns about inflation.
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FOMC: Full Statement

The Federal Open Market Committee decided today to lower its target for the federal funds rate 25 basis points to 2 percent.
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Oil vigilantes are resurfacing in the Nymex oil pits

By Gary DorschIn the futures markets, crude oil is up 80% from a year ago, unleaded gasoline up 40% natural gas up 39%, Soybeans are up 83%, corn up 65%, wheat up 95%, sugar up 30%, Gold up 36%, and rough rice is 125% higher from a year ago

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