The number of Americans filing for new jobless benefits dropped to a near four-year low last week and factory activity in the Mid-Atlantic expanded, suggesting the economy maintained its momentum early in the year.
Producer prices fell in December as companies paid less for gasoline and vegetables, although higher prices for light motor trucks pushed a measure of underlying inflation higher.
Producer prices fell in December as companies paid less for gasoline and vegetables but a measure of underlying inflation climbed higher, sending mixed signals about inflation pressures in the economy.
Observers of India's economy may wonder why inflation has persistently remained high over recent years - much higher than that in many other Asian economies.
The Reserve Bank of India (RBI) will not cut interest rates at its review on Tuesday, although it is nearly unanimously expected to do so by the end of June, a Reuters poll of 22 economists showed.
Consumer prices in the Eurozone fell more than previously expected in December, the start of a retreat from a November peak that should give the European Central Bank more room to cut interest rates as the economy heads for recession.
Consumer prices in the euro zone fell more than expected in December, data showed on Tuesday, signaling a retreat from a November peak and giving the European Central Bank more room to cut rates to historic lows as the economy heads for recession.
India's headline inflation slowed sharply in December to a two-year low as food price pressure eased dramatically, but the Reserve Bank of India (RBI) is still expected to leave interest rates on hold next week as manufacturing inflation remained elevated.
Europe will see a downward spiral of collapsing confidence if no further action is taken, said David Lipton, first deputy managing director at the International Monetary Fund, urging a pause in monetary tightening for countries in which inflation has eased.
An asset price bubble pops, hitting bank balance sheets and tax revenues. As growth weakens and the economy flirts with deflation, the real burden of servicing debt increases.
China's annual inflation eased to 4.1 percent December, the lowest level in 15 months, giving the government more room to tilt economic policy away from restraining prices and towards supporting sagging growth.
The U.S. Federal Reserve should stick to its super-easy monetary policy to fight unemployment and spur a painstakingly slow economic recovery, even if doing so pushes inflation temporarily higher, a top Fed official said on Wednesday.
The Federal Reserve cannot rule out additional monetary easing even if steady growth and acceptable inflation make it harder to justify fresh action, a top Fed official said on Monday.
The Federal Reserve cannot rule out additional monetary easing even if steady growth and acceptable inflation make it harder to justify fresh action, a top Fed official said on Monday.
Signs the U.S. recovery is gaining strength indicate the Federal Reserve may not need to buy any more bonds to spur growth, James Bullard, president of the Federal Reserve Bank of St. Louis, said on Saturday: I don't think it's very likely right now because the tone of the data has been pretty strong recently.
A senior Central Bank of Iran official has denied rumors that the bank's governor has resigned, the ISNA news agency reported Saturday, in a week when the currency hit a record low amid rising inflation and concerns about tighter economic sanctions.
Central bankers are approaching a deal to set an explicit inflation target, a top Federal Reserve official said, part of a campaign to boost the economy by guiding expectations on interest rate policy.
Despite a large amount of borrowing by the U.S. and its large national debt, the interest rate institutional investors charge the U.S. government remains low. What’s going on here?
Barclays Capital released its 2012 price outlook for precious metals Thursday. Despite short-term hurdles, a clouded macro-economic environment against a backdrop of low interest rates and political uncertainties continue to stoke investor appetite for a more diversified and less riskier portfolio.
A survey of primary dealers by the New York Fed showed much uncertainty among the 21 large banks that act as counterparties to the Fed's open market transactions.
Euro zone inflation dropped below 3 percent for the first time in three months in December, kicking off a slowdown economists expect will revive deflation fears and tempt the ECB to cut rates below 1 percent for the first time in its history.
The Federal Reserve, in a move that could push back expectations of when near-zero U.S. interest rates will rise, will begin publishing its policymakers' forecasts for borrowing costs.
