April US Consumer Price Index Flat As Gas Prices Fall

The Chicago PMI continues to signal economic recovery for the region, although some business have become worried about rising energy costs
Consumer prices in the U.S. were flat in April amid signs that a spike in gasoline costs was ebbing, according to government statistics released on Tuesday, supporting the Federal Reserve's view that the jump in fuel costs is only temporary.

People's Bank of China Cuts Reserve Requirement Ratio By 0.5%

Zhou Xiaochuan, left, China's central bank governor, leaves after a news conference as a part of the U.S.-China Strategic and Economic Dialogue at the Diaoyutai State Guesthouse in Beijing, May 3, 2012.
China's economic growth has been comparatively anemic lately, so the People's Bank of China will give it a transfusion by cutting the banks' reserve requirement ratio by 0.5 percentage point (50 basis points) on May 18, according to the country's official Xinhua News Agency.
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Stagnant Wages To Hit US Economic Recovery: HSBC

The U.S. economy is expected to expand at a disappointing pace in 2012, similar to the tepid 1.7 percent growth rate achieved in 2011, despite recent job gains, according to economists at HSBC, who said wages have failed to keep up.

China’s Premier: Bank Monopoly Must Be Broken

China’s Premier Wen Jiabao called the country’s state-owned banks a “monopoly” that has to be broken to allow freer flow of capital to loan-hungry smaller businesses, as the world’s second largest economy appears to have skidded to its slowest growth in three years.

China Manufacturing Falters In March: HSBC PMI Shows

China's factory activities slumped for the fifth consecutive month as weakening domestic demand continued to weigh on growth. Spooked investors moved quickly out of riskier assets while hoping for further easing from Beijing.
The Chicago PMI continues to signal economic recovery for the region, although some business have become worried about rising energy costs

China To Raise Fuel Prices Amid Easing Inflation

China will raise its heavily regulated retail gasoline and diesel prices Tuesday by 6.4 percent and 7 percent, respectively, marking the biggest increase in 33 months, according to the National Development and Reform Commission.
U.S. Gas Prices

US Economic Snapshot: How Are We Doing?

In the context of a quiet week with comparatively few headlines out of Europe and U.S. government data showing relatively few surprises, many economists predicted a continuation of a positive mood, driven by recent growth in the labor market. However, there are concerns about gasoline prices.
An employee poses with China yuan notes at the Bank of Taiwan head office in Taipei

China's Inflation Rate for February Falls to 3.2%

The inflation rate of China reduced sharply to 3.2 percent for February, which is a 20 month low, according to data released on Friday, showing signs that the price pressure is gradually diminishing.
Retailers sales fall January survey

GDP Revised Up to 3% in 4Q

The U.S. economy grew at a 3 percent annual rate in the fourth quarter, faster than originally estimated on unexpectedly strong business restocking, the Commerce Department said Wednesday.
Gasoline prices are shown at a gas station in Del Mar, California

Inflation Heats Up on Gasoline Prices

Gasoline prices jumped 0.9 percent in January, pushing overall consumer prices up at their fastest clip in four months and offering a reminder of the risks energy costs could pose to the economic recovery.
A customer shops in the expanded baby department at a remodelled Sam's Club in Rogers, Arkansas

Consumer Prices Rise 0.2 Percent in January

Consumer prices rose the most in four months in January as the price of gasoline jumped, highlighting a growing concern that higher energy costs could slow the economic recovery.


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