Tag: Inflation
US average mortgage rates rise; 30-year loan at 3%
WASHINGTON — Mortgage rates rose this week, pushing the benchmark 30-year home loan to the 3% mark for the first time since mid-April. Signs...
High inflation? A generation of investors has never felt it
NEW YORK — The central question gripping Wall Street is whether the burst of inflation hitting the economy as it recovers from the pandemic...
UK inflation spikes as retailers respond to lockdown easing
LONDON — Britain’s inflation rate more than doubled in April as energy prices soared and clothing retailers hiked prices as the country's coronavirus lockdown...
Fed officials in April cautioned about inflation pressures
WASHINGTON — Federal Reserve officials at their April meeting reaffirmed the view that the central bank's ultra-low interest rate remained the best policy approach,...
WH memo sees economic strength where critics see fragility
WASHINGTON — White House officials are seeking to quell anxiety about inflation and the pace of hiring — issuing a memo Tuesday that highlights...
Desperate for workers, US restaurants and stores raise pay
WASHINGTON — U.S. restaurants and stores are rapidly raising pay in an urgent effort to attract more applicants and keep up with a flood...
Rising commodities costs hit Americans at home and on road
NEW YORK — Rising prices for a variety of commodities are contributing to a jump in prices at the consumer level, with Americans paying...
Top Fed official says Fed far from achieving its goals
WASHINGTON — A top Federal Reserve official says the outlook for the U.S. economy is bright but the recent jobs report is a reminder...
EXPLAINER: Why are fears of high inflation getting worse?
WASHINGTON — Gas prices are rising. Auto prices are soaring. Consumer goods companies are charging more for household basics like toilet paper, peanut butter...
Yellen: Biden’s phased-in spending plan won’t fuel inflation
WASHINGTON — President Joe Biden’s massive proposed spending on infrastructure, families and education will not fuel inflation because the plans would be phased in...