Inflation

A woman walks past an electronic stock board showing Japan's Nikkei 225 index at a securities firm in Tokyo Friday, July 12, 2019. Shares in Asia are mostly higher after a turbulent day on Wall Street ended with the Dow Jones Industrial Average closing above 27,000 for the first time. (AP Photo/Eugene Hoshiko)
July 12, 2019 - 5:58 am
BANGKOK (AP) — World shares were mostly higher on Friday after Wall Street ended overnight with the Dow Jones Industrial Average closing above 27,000 for the first time. Germany's DAX edged 5.68 points higher to 12,337.80 while the CAC 40 in France surged 0.6% to 5,585.27. Britain's FTSE climbed 0...
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Federal Reserve Chair Jerome Powell presents the monetary policy report to the Senate Banking Committee, July 11, 2019, on Capitol Hill in Washington. (AP Photo/Jacquelyn Martin)
July 11, 2019 - 2:34 pm
WASHINGTON (AP) — Federal Reserve Chairman Jerome Powell, testifying for a second day before Congress, said Thursday that the economy is in a "very good place" despite headwinds and that the Fed is prepared to do what it can to "keep it there." Powell's comments before the Senate Banking Committee...
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FILE - In this July 5, 2019, file photo trader Benjamin Tuchman works at the New York Stock Exchange in New York. The U.S. stock market opens at 9:30 a.m. EDT on Thursday, July 11. (AP Photo/Mark Lennihan, File)
July 11, 2019 - 1:35 pm
An early rally on Wall Street that sent the Dow Jones Industrial Average above 27,000 for the first time lost much of its momentum Thursday afternoon. The S&P 500 edged lower, erasing the gains that had briefly propelled the benchmark index above 3,000 for the second day in a row. The Nasdaq...
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In this June 26, 2019 photo, a man adds fuel to his vehicle with the price of gas displayed at the pump at a gas station in Orlando, Fla. On Thursday, July 11, the Labor Department reports on U.S. consumer prices for June. (AP Photo/John Raoux)
July 11, 2019 - 7:32 am
WASHINGTON (AP) — U.S. consumer prices rose just 0.1% in June, as cheaper gas prices were offset by higher rents and auto costs. The Labor Department said Thursday that the consumer price index increased 1.6% in June from a year earlier. That is down from 1.8% in May and the second straight drop...
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In this photo taken on Friday, July 5, 2019, Turkey's President Recep Tayyip Erdogan speaks during a meeting in Istanbul. Erdogan has fired the Central Bank Governor Murat Cetinkaya amid the country's economic downturn. Cetinkaya was replaced by Murat Uysal, the deputy governor, in a presidential decree published Saturday.(Presidential Press Service via AP, Pool)
July 08, 2019 - 5:46 am
ANKARA, Turkey (AP) — Turkey's currency fell sharply on Monday, reawakening concerns of another bout of financial jitters in the country, after President Recep Tayyip Erdogan fired the central bank governor, reportedly over disagreements on interest rate cuts. Murat Cetinkaya was replaced by Murat...
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In this June 20, 2019 photo, the Capitol is seen from the roof of the Canadian Embassy in Washington. Health care is on the agenda for Congress when lawmakers return, and it’s not another battle over the Obama-era Affordable Care Act. Instead of dealing with the uninsured, lawmakers are trying to bring down costs for people who already have coverage. (AP Photo/J. Scott Applewhite)
July 07, 2019 - 8:00 am
WASHINGTON (AP) — Lawmakers are trying to set aside their irreconcilable differences over the Obama-era Affordable Care Act and work to reach bipartisan agreement on a more immediate health care issue, lowering costs for people who already have coverage. Returning from their Fourth of July recess,...
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FILE - In this Thursday, Jan. 4, 2019 file photo, International Monetary Fund Managing Director Christine Lagarde, attends a session of the annual meeting of the World Economic Forum in Davos, Switzerland. European Union leaders on Tuesday, July 2, 2019, after a lengthy session of talks, have nominated Christine Lagarde as a candidate for the post of European Central Bank president. (AP Photo/Markus Schreiber, File)
July 02, 2019 - 2:53 pm
FRANKFURT, Germany (AP) — Christine Lagarde, nominated to head the European Central Bank, has a politician's ability to communicate and forge compromise, skills she will need to follow Mario Draghi's performance as the central banker credited with defusing the eurozone's debt crisis with a few well...
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FILE - In this May 6, 2019, file photo, a woman looks at display boards at the Australian Stock Exchange in Sydney, Australia. Australia's central bank has cut its benchmark interest rate by a quarter of a percentage point to a new record low of 1% in a bid to boost the economy. (AP Photo/Rick Rycroft, File)
July 02, 2019 - 12:01 am
CANBERRA, Australia (AP) — Australia's central bank cut its benchmark interest rate by a quarter of a percentage point on Tuesday to a new record low of 1% in a bid to boost the economy. The cut is the second in consecutive months. Previously the Reserve Bank of Australia had not shifted the rate...
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July 01, 2019 - 5:46 am
FRANKFURT, Germany (AP) — The unemployment rate in the 19 European Union countries that use the euro fell to its lowest in more than a decade in May as domestic demand and low interest rates help keep the recovery going. Official figures Monday showed the jobless rate declined to 7.5 percent from 7...
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FILE - In this May 7, 2019, file photo a clerk restocks items in a newly-opened Amazon Go store in New York. On Friday, June 28, the Commerce Department issues its May report on consumer spending, which accounts for roughly 70 percent of U.S. economic activity. (AP Photo/Mark Lennihan, File)
June 28, 2019 - 8:43 am
WASHINGTON (AP) — Consumer spending increased 0.4% in May, a modest gain that suggests Americans remain confident enough about the economy's outlook to keep shopping. The Commerce Department said Friday that incomes rose 0.5% and inflation remained tame, increasing just 1.5% in the past year. Still...
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