New claims for unemployment benefits unexpectedly fell last week to a near four-year low, a government report showed on Thursday, suggesting the labor market was finally strengthening.
Producer prices outside food and energy recorded their largest increase in six months in January, but are unlikely to ignite inflation pressures given the slack in the labor market.
The number of Americans filing new claims for unemployment benefits unexpectedly fell last week to a near four-year low, suggesting the labor market recovery was gaining steam.
Producer prices outside food and energy recorded their largest increase in six months in January, but are unlikely to ignite inflation pressures given the slack in the labor market.
Minutes of the Federal Reserve Board's January meeting confirm that current board governors are divided on engaging in another round of bond purchasing, but they also portrayed the central bank leaders as agreed on the propriety of ultra-low interest rates.
Federal Reserve policymakers are turning to cars to illustrate just how split they are over what, if anything, to do about the U.S. economy, with some eying the brake pedal and others the gas.
Unemployment in Britain stayed relatively flat at the end of 2011, rising its smallest amount in nearly a year between the months of November and December. Compared to the rest of Europe, the UK is right in the middle.
The Bank of Japan said Tuesday it increased its asset buying program by $130 billion and set an inflation target of one percent to stimulate economic growth and combat deflation.
The Bank of Japan boosted its asset buying program by $130 billion on Tuesday and in the face of political pressure set an inflation goal of one percent, signaling a more aggressive monetary policy to pull an ailing economy out of deflation.
India's headline inflation slowed to its lowest level in more than two years in January as food prices fell, sparking hopes that the RBI will start cutting interest rates sooner rather than later to battle the country's economic slowdown.
The U.S. Federal Reserve should do all it can to reduce very high unemployment and bring inflation back up to more desirable levels, a top Fed official said on Monday.
The Bank of Japan loosened monetary policy on Tuesday by topping up asset purchases in the face of mounting political pressure for bolder action to beat deflation and ease the pain on the economy from a strong yen.
U.S. stock markets may begin the week with gains as stocks in Asia and Europe advanced after Greek parliament approved austerity measures demanded by Eurozone leaders to secure a bailout package and avoid a messy debt default.
Japan's economy shrank more-than-expected in the fourth quarter, hurt by slowing global growth, Thai floods and a strong yen, casting doubt on hopes for a pick up in activity in the first months of 2012.
Japan's economy shrank a bigger-than-expected 0.6 percent in October-December, hurt by slowing global growth, Thai floods and a strong yen, casting doubt about expectations that growth will resume this quarter as Europe's debt crisis clouds the outlook.
Labour demands in the south, power problems in the east and new tax burdens in the west: wherever you look in Africa, miners face a perfect storm of soaring costs.
There is a debate that has been heating up recently, and it's likely to continue to split some of the smartest minds from coast to coast. This debate revolves around whether prices for goods in the United States are on the rise or not.
China's inflation unexpectedly rebounded in January mainly due to gains in food prices and a weeklong holiday. Though this does not change the broader downward trend in inflation and provides room for Beijing to stimulate its economy if the Euro area experiences a sharp recession. It does support economists' view that Beijing will not put in place aggressive stimulus packages as it aims for a smooth leadership transition this year.
China's annual inflation spiked to a consensus-busting 4.5 percent in January as spending jumped during the Chinese Lunar New Year holiday season, breaking a five-month softening trend and forcing a market rethink of policy easing expectations.
China's stock market improvement could be jeopardized by a higher than expected inflation reading for January.
China's annual inflation spiked to a consensus-busting 4.5 percent in January as spending jumped during the Chinese Lunar New Year holiday season, breaking a five-month softening trend and forcing a market rethink of policy easing expectations.
China's annual inflation rate hit 4.5 percent in January, which is the highest level in three months, according to the official data released Thursday.
