Inflation

Federal Reserve Chair Jerome Powell testifies during a House Select Subcommittee on the Coronavirus Crisis hearing on Capitol Hill in Washington on Wednesday, Sept. 23, 2020. (Kevin Dietsch/Pool via AP)
September 23, 2020 - 12:54 pm
WASHINGTON (AP) — Chairman Jerome Powell on Wednesday defended the Federal Reserve's efforts to support the economy during the pandemic-induced recession from assertions that its programs bungled aspects of its response. A House subcommittee released a staff analysis that found that a program in...
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FILE - In this June 30, 2020, file photo Federal Reserve Board Chairman Jerome Powell, reflected in the sneeze guard set up between himself and members of the House Committee on Financial Services, speaks during a hearing on oversight of the Treasury Department and Federal Reserve pandemic response on Capitol Hill in Washington. The Federal Reserve adjusted its inflation target to seek price increases above 2% annually, a move that will likely keep interest rates low for years to come. The Fed on Wednesday, Sept. 16, also left its benchmark short-term rate unchanged at nearly zero, where it has been since the pandemic intensified in March. (Bill O'Leary/The Washington Post via AP, Pool)
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September 16, 2020 - 5:55 pm
WASHINGTON (AP) — With the economy still struggling to recover from the pandemic recession, Federal Reserve policymakers signaled Wednesday that their benchmark short-term interest rate will likely remain at zero at least through 2023 and possibly even longer. Fed chair Jerome Powell said at a...
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FILE - In this March 31, 2020 file photo, a worker cleans and sanitizes a pump at the Speedway gas station in Concord, N.H. U.S. consumer prices rose 0.4% in August as energy prices moderated after big gains in the previous two months.(AP Photo/Charles Krupa, File)
September 11, 2020 - 2:08 pm
WASHINGTON (AP) — U.S. consumer prices rose 0.4% in August as used car prices surged by the largest amount in 51 years, the Labor Department reported Friday. The August increase in the consumer price index reflected some moderation following big gains of 0.6% in both June and July as the pace of...
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FILE - In this July 9, 2020 file photo, signage is shown at the New York Stock Exchange, in New York. Stocks are rising modestly in early trading on Wall Street as a bumpy, holiday-shortened week of trading winds down. The S&P 500 was up 0.4% in the early going Friday, Sept. 11. (AP Photo/Mark Lennihan, File)
September 11, 2020 - 1:58 pm
NEW YORK (AP) — Stocks keep swinging between gains and losses on Wall Street Friday, as a tumultuous week of abrupt stops and starts comes to a close. The S&P 500 was down 0.1% in afternoon trading, after a roller-coaster day where it careened from a gain of 0.9% to an equivalent loss. Momentum...
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The European Central Bank is seen in Frankfurt, Germany, Thursday, Sept. 10, 2020. The governing council of the ECB will meet on Thursday. (AP Photo/Michael Probst)
September 10, 2020 - 1:32 pm
FRANKFURT, Germany (AP) — European Central Bank head Christine Lagarde said the bank would “likely” use all of the 1.35 trillion euros ($1.6 trillion) in planned stimulus to support the economy through the pandemic, which has caused a massive recession and is seeing a new rise in contagions. After...
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September 10, 2020 - 8:10 am
WASHINGTON (AP) — U.S. wholesale prices rose 0.3% in August, just half the July gain, as food and energy prices decline. The Labor Department said Thursday that the August advance in the producer price index — which measures inflation before it reaches consumers — followed a 0.6% surge in July...
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File - In this Thursday, Sept. 3 2020 file picture the moon shines over the European Central Bank in Frankfurt, Germany. Low inflation, in negative territory for the first time since 2016, is leading analysts to think the ECB will have to add more stimulus to support what could be a drawn-out, difficult recovery from the virus outbreak in the 19 countries that use the euro. (AP Photo/Michael Probst, File)
September 08, 2020 - 6:09 am
FRANKFURT, Germany (AP) — A startling fall in consumer prices and a stronger euro have increased pressure on the European Central Bank to provide another blast of monetary stimulus in support of a drawn-out economic rebound from the pandemic recession. A 0.2% annual drop in prices in August in the...
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FILE - In this Wednesday, April 29, 2020 file photo, a man walks in front of the European Central Bank in Frankfurt, Germany. Official figures Tuesday Sept. 1, 2020, shows the unemployment rate across the 19 countries that use the euro currency rose modestly to 7.9% in July as the jobless spike was held down by temporary government job-support programs and the relaxation of some coronavirus containment measures. (AP Photo/Michael Probst, File)
September 01, 2020 - 9:56 am
FRANKFURT, Germany (AP) — At first glance, unemployment across the 19 countries that use the euro currency appears remarkably low in the face of a savage recession brought on by the coronavirus. It's unlikely to remain so over the coming months as government support measures start to expire...
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A man walks past a bank electronic board showing the Hong Kong share index outside a Hong Kong local bank Monday, Aug. 31, 2019. Asian stock markets have risen after Wall Street turned in its fifth straight weekly gain and China’s manufacturing growth held steady. (AP Photo/Vincent Yu)
August 31, 2020 - 2:32 am
BEIJING (AP) — Asian stock markets gave up early gains Monday after Wall Street turned in its fifth straight weekly gain and China’s manufacturing growth held steady. The Shanghai Composite Index rose 0.8% to 3,428.07 after a survey showed growth in manufacturing held steady in August at the...
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FILE - In this July 21, 2020 file photo, people walk by the New York Stock Exchange. Stocks keep ticking higher on Wall Street, and more gains for the S&P 500 Friday morning, Aug. 28 have it on pace to close out its fifth straight winning week. (AP Photo/Mark Lennihan, File)
August 28, 2020 - 12:30 pm
NEW YORK (AP) — Stocks keep ticking higher on Wall Street, and more gains for the S&P 500 on Friday have it on pace to close out its fifth straight winning week. The benchmark index was up 0.3% in afternoon trading, adding to its record. It’s up 2.9% for the week and on track for its longest...
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