Inflation

August 02, 2018 - 6:03 am
LONDON (AP) — The Bank of England raised its main interest rate Thursday for only the second time since the 2008 financial crisis as it weighed a strong jobs market and high inflation against growing concerns about Brexit. The bank's nine-member Monetary Policy Committee voted unanimously to raise...
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FILE - In this March 17, 2011, file photo, cans of Coca-Cola and Diet Coke sit in a cooler at a deli in Portland, Ore. Items ranging from canned beverages to airline tickets will likely get more expensive, companies warn, as they face higher costs. Procter & Gamble, one of the biggest makers of consumer products, said Tuesday, July 31, 2018, that Pampers prices will increase by an average of 4 percent in North America, while the Bounty, Charmin and Puffs brands could see 5 percent increases. (AP Photo, File)
August 01, 2018 - 2:12 am
The price of a can of Coca-Cola? Likely going up. A package of Pampers? That too. Plane tickets? They also may be more expensive. These items and more may cost more in the coming months as people start feeling the effects of higher fuel prices and raw-material costs as well as a range of tariffs...
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FILE - This Wednesday, Aug. 2, 2017, file photo shows the Federal Reserve Building on Constitution Avenue in Washington. The Federal Reserve is likely to point to strong growth in the economy, low unemployment and rising inflation as reasons to keep on its current path of gradually raising interest rates. The Fed's statement at the end of its two-day meeting will be released Wednesday afternoon, Aug. 1, 2018, in the form of a brief policy statement. (AP Photo/Pablo Martinez Monsivais, File)
August 01, 2018 - 12:17 am
WASHINGTON (AP) — When the Federal Reserve wraps up its latest meeting, it will likely point to strong economic growth, low unemployment and rising inflation as reasons to stay on a path of gradually lifting interest rates. It is unlikely, however, to make any interest rate moves Wednesday. The Fed...
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FILE - In this May 22, 2018, file photo, Treasury Secretary Steve Mnuchin testifies before the Senate Appropriations Financial Services and Government Subcommittee hearing on Capitol Hill in Washington. The Trump administration is studying the idea of implementing a big tax break for wealthy Americans by reducing the taxes levied on capital gains, but no decision has been made yet on whether to proceed. Administration officials said Tuesday, July 31, that Mnuchin prefers deferring to Congress. But he does have his department studying the economic impact of such a change and the legality of proceeding without congressional approval. (AP Photo/Pablo Martinez Monsivais, File)
July 31, 2018 - 1:00 pm
WASHINGTON (AP) — The Trump administration is studying the idea of implementing a big tax break for wealthy Americans by reducing the taxes levied on capital gains, but no decision has been made yet on whether to proceed. Administration officials said Tuesday that Treasury Secretary Steven Mnuchin...
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FILE- This June 25, 2018 file photo shows the New York Stock Exchange in New York. Stocks are opening broadly higher on Wall Street, Tuesday, July 31, 2018, as technology companies rise after a three-day losing streak. Industrial companies were also higher (AP Photo/Seth Wenig, File)
July 31, 2018 - 10:54 am
NEW YORK (AP) — U.S. stocks are rising Tuesday after a three-day losing streak. Industrial and health care companies are making some of the largest gains following strong second-quarter reports. Bloomberg News reported that the U.S. and China are trying to restart trade talks. The Commerce...
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July 31, 2018 - 7:36 am
WASHINGTON (AP) — Consumer spending rose by a solid 0.4 percent in June, while a key gauge of inflation increased at an annual pace of 2.2 percent for a second straight month, the strongest back-to-back gains in six years. The Commerce Department says the gain in spending followed an even stronger...
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A party ship, left, cruises on the river Main in Frankfurt, Germany, late Saturday, July 28, 2018. (AP Photo/Michael Probst)
July 31, 2018 - 6:19 am
FRANKFURT, Germany (AP) — Europe's economic upswing slowed further in the second quarter amid concerns over global trade disputes that have seen the world's major powers impose new tariffs on each other. Official figures on Tuesday showed growth in the 19 countries that use the euro currency eased...
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Treasury Secretary Steve Mnuchin, left, and Director of the Office of Management and Budget Mick Mulvaney listen as President Donald Trump delivers remarks about the economy on the South Lawn of the White House, Friday, July 27, 2018, in Washington. (AP Photo/Evan Vucci)
July 29, 2018 - 6:07 pm
WASHINGTON (AP) — President Donald Trump's top economic policymakers insisted Sunday that the robust growth marked in the April-June quarter will maintain its pace and that he respects the Federal Reserve's independence despite his condemnation of the central bank for raising interest rates. "We as...
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FILE - This Dec. 21, 2016, file photo shows the New York Stock Exchange. Stock indexes are mostly lower in early trading on Wall Street as investors weigh the latest batch of corporate quarterly earnings reports. Losses in technology companies outweighed gains in banks and other sectors early Thursday, July 26, 2018. (AP Photo/Mark Lennihan, File)
July 26, 2018 - 11:36 pm
BANGKOK (AP) — Asian shares were mostly higher early Friday as investors shrugged off Facebook's nearly $120 billion overnight plunge in market value, the biggest-ever one-day loss in dollar value for a U.S. company. KEEPING SCORE: Japan's Nikkei 225 index added 0.3 percent to 22,648.67 and the...
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