Tag: Inflation
Powell’s high-stakes bet: More jobs but only mild inflation
WASHINGTON — With employers hiring, consumers spending and companies raising some prices, Federal Reserve Chair Jerome Powell is embarking on a high-stakes gamble.
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Companies sound alarm over commodity price hikes
Toilet paper, baby care products, soft drinks and many other everyday products are about to get more expensive.
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Text of the Federal Reserve’s statement after its meeting
WASHINGTON — Below is the statement the Fed released Wednesday after its policy meeting ended:
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Asian lender forecasts strong rebound for region in 2021
NOT YET — Developing Asian economies will grow at a solid 7.3% pace this year after contracting slightly in 2020 due to the pandemic,...
Even as economy heats up, Fed to stick with near-zero rates
WASHINGTON — Hiring is accelerating as Americans increasingly venture out to shop, eat at restaurants and travel, and inflation pressures are even picking up...
With Europe’s economy lagging, ECB to keep stimulus running
FRANKFURT, Germany — The European Central Bank is expected to signal Thursday that even if inflation rises later this year it won't consider cutting...
Turkish central bank maintains key rate unchanged at 19%
ANKARA, Turkey — Turkey’s central bank on Thursday kept a key interest rate unchanged at 19%, in its first rate decision since the surprise...
A year after stocks soared, CEOs must show it was warranted
NEW YORK — It's time to show the receipts, CEOs.
For...
IMF: Vaccine inequity threatens Mideast’s economic recovery
DUBAI, United Arab Emirates — Middle East economies are recovering from the coronavirus pandemic faster than anticipated, largely due to the acceleration of mass...
Survey: Business economists favor increased federal spending
WASHINGTON — A majority of business economists think the recovering economy will benefit from much more government spending despite concerns in financial markets that...