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Fed Governor Christopher Waller said inflation moving toward the US central bank's two percent target

US Fed Official Lauds 'Very Good' Progress On Inflation

The US Federal Reserve's fight against inflation seems to be heading in the right direction, while the US economy remains resilient, a senior Fed official said Wednesday.

Inflation, High Interest Rates Are Taking Their Toll On Small Businesses In US, Canada And UK

Some analysts said the inflation data would not dramatically change the ECB's trajectory on September 14

Inflation raises the cost of producing goods and services, recorded in the second line of the income statement, and therefore, cuts into gross margins. Interest rates raise the cost of credit, and therefore, reduce net earnings.

Inflation, High Rates And War Crimp Global Trade: WTO

Global trade growth will be sharply lower than forecast this year as stubborn inflation, high interest rates and the war in Ukraine pressure economies around the globe, the World Trade Organization said Thursday.

The Turkish lira has lost 27 percent of its value against the dollar since May elections

Turkey's Inflation Hovers Near 60% After Policy U-turn

Turkey's annual inflation rate held steady near 60 percent last month, official data showed Thursday, offering the first evidence that President Recep Tayyip Erdogan's economic policy U-turn was working.

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US inflation rose again in July after falling to a two-year low in June

Key US Inflation Measure Ticks Up In July

A key US inflation measure used by the Federal Reserve to set interest rates rose in July, due largely to another jump in the cost of services, according to government data published Thursday.

Stocks Face A Rough Road Ahead On Rising Bond Yields

When bond yields rise, the opportunity cost of capital committed to equities rises, and therefore, the expected return on equities decreases. As a result, equities command lower valuations.

What P&G Price Hikes Tell About Basic Consumer Goods Inflation

P&G's price hikes may continue as the company faces cost pressures on several fronts.

The US central bank's preferred inflation gauge cooled again in June, although spending remained resilient

Key US Inflation Gauge Cools Further As Rate Hikes Bite

A key indicator of US inflation cooled in June to the lowest annual rate in over two years, although this remains above the central bank's target, according to government data released Friday.

US consumer inflation rose 3.0 percent from a year ago in June 2023, official data showed, the lowest since March 2021

Will US Dodge A Recession? Analysts Weigh In On Outlook

Signs are emerging that the U.S. economy may not enter into a recession in 2023, as previously predicted. Recent inflation and jobs data shows signs that the U.S. economy is starting to cool.

People shop in a grocery store in Manhattan, New York City

US Consumer Inflation Remains A 'Core' Problem

Wednesday's data showed inflation is at its lowest since early 2021, but it remains a "core" issue for the US economy.

Zimbabwe has the highest inflation rate in the world, says Steve Hanke, a professor of Applied Economics at The Johns Hopkins University

Zimbabwe's Stock Market Rally: How Long Will It Last?

Zimbabwe's inflation was running at an annual rate of 176% in June, while interest rates stand at 150%. That makes experts skeptical about the rally in Zimbabwe's equities, warning investors of the potential risks.

Economists warn that Turkey's consumer prices could soon start climbing faster again

Turkey's Inflation Rate Slows To 38.2%

Turkey's annual inflation rate slowed to 38.2 percent in June, official data showed Wednesday, although economists warned that this may be a low point for the year.

US President Joe Biden was forced to negotiate over the debt ceiling, but pushed back on many Republican demands

Biden Believes US Will Avoid Potential Recession As Economy Is 'Strong Now'

"It's been coming for 11 months, well guess what? I don't think it is going to come," the president said while speaking at a private fundraiser in Chevy Chase, Maryland, on Tuesday.

Generative AI apps like ChatGPT are raising concerns about the impact of artificial intelligence on a range of issues including disinformation as well as copyright over images, sound and text

AI Could Set The World Economy Into Another Virtuous Cycle Of Growth, Solving The Inflation Problem

AI systems will ease labor shortages, raise productivity, and fuel supply-side growth, solving the inflation problem.

An eagle tops the U.S. Federal Reserve building's facade in Washington

Why Rising Interest Rates Won't Push The US Economy Into A Recession

In its regular June meeting last week, the Fed sent a clear and loud message to markets: Fighting inflation isn't done. Interest rate hikes will continue for the rest of the year until inflation reaches the official goal of 2%.

US Retail Sales Rise 0.3% In May, Showing Consumer Spending Is Holding Up - IBT Graphics

The surprise data indicates that consumer spending has remained resilient despite an elevated inflation rate and the headwinds in the economy.

The Fed has raised its benchmark lending rate by 500 basis points since March 2022.

Fed Starts Interest Rate Meeting As Inflation Continues To Cool

The US Federal Reserve on Tuesday kicked off a two-day meeting to set its benchmark lending rate, with fresh signs of cooling inflation increasing the chance it will pause its aggressive cycle of rate hikes.

Walmart has gained market share in US grocery with higher income shoppers in an inflationary period

Walmart Lifts Forecast As It Wins US Grocery Consumers Due To Inflation

Walmart lifts forecast as it wins US grocery consumers due to inflation

Elevated inflation is eroding the value of workers' wages, causing mass strikes across Britain

UK Economy Ekes Out Growth In First Quarter

After narrowly avoiding recession last year, the economy advanced 0.5 percent in January before flattening in February and sliding 0.3 percent in March, the Office for National Statistics said in a statement.

A Wall Street sign outside the New York Stock Exchange

Inflation Keeps Falling, Sending Stocks, Bonds Higher On Wall Street

The latest inflation data shows prices continue to drop, which is good news on Wall Street.

The US economy added 236,000 jobs in March, slowing from earlier months amid signs that the economy is cooling

Job Gains, Rising Real Wages Could Change The Game On Wall Street

The U.S. economy continues to churn out more jobs at a healthy rate, according to the U.S. Bureau of Labor Statistics.

A security guard walks in front of an image of the Federal Reserve following the two-day Federal Open Market Committee (FOMC) policy meeting in Washington, March 16, 2016.

May FOMC Meeting: To Hike Or Not To Hike

Compounding the Fed's dilemma is a wave of regional bank failures, which raises the prospect of a credit crunch that could further limit liquidity and push a weakening economy into a recession.

US economic growth slowed in the first quarter, with analysts noting that consumer spending is weakening

US Consumers Keep Spending Despite High Inflation, Rising Interest Rates

U.S. consumer spending remains strong despite high inflation and rising interest rates.

There is growing speculation the Federal Reserve will cut interest rates by the end of the year

Earnings Update: Has Wall Street Priced In The Bad News?

"The implications for earnings are not great news: the Financials sector is still expected to drive earnings growth in 2023," Amanda Agati, chief investment officer at PNC Asset Management Group, said.

A bank employee counts U.S. dollar notes at a Kasikornbank in Bangkok

Investors Cut Cash Holdings As Market Focus Shifts To Inflation

Investors cut their cash holdings for the first time in eight weeks in the week to Wednesday, while shedding equities and gold, according to a report from BofA Global Research on Friday.