Tag: inflation

dpa) - A shopping cart with groceries and household supplies stands in a supermarket in Duesseldorf, Germany, 14 January 2003. Despite the expected 'Teuro' effect ('teuer' means 'expensive'), prices only increased by 1.3 percent in Germany. According to the Federal Statistical Office, inflation rates in the first year of the …

Consumer Prices Show No Signs of Inflation Dangers

The consumer price index rose 0.2 percent from a month earlier, hitting the consensus forecast. The rise in prices was lower than the prior month, when the CPI rose 0.5 percent.

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Pound Rises Further on UK Rates Outlook

LONDON (AP) — The pound has pushed above the $1.40 level as traders price in a growing likelihood of another interest rate increase in May from the Bank of England.

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‘Death to the Dictator! Death to Rouhani!’: Thousands Protest the Government in Iran

Thousands of protesters have taken to the streets of Iran over the past few days, speaking out against both the “hardline” government of the ayatollahs and the supposedly “moderate” secular government of President Hassan Rouhani. “Death to the dictator!” and “Death to Rouhani” are chants heard in at least eight Iranian cities, and the movement appears to be spreading.

FILE - In this Wednesday, Sept. 20, 2017, file photo, Federal Reserve Chair Janet Yellen speaks at a news conference following the Federal Open Market Committee meeting in Washington. On the day when Yellen will hold her final news conference as Federal Reserve chair, the Fed has left little doubt …

Federal Reserve Expected to Raise Rate Target

The Federal Reserve will almost certainly raise its short-term interest rate target by a quarter percentage point at the conclusion of its two-day policy meeting Wednesday.

Illustration of Bitcoin rising over the moon -- the coin reached a price of $10,000 on November 28.

Bitcoin Price Cracks All-Time High of $10,000

The price of one full Bitcoin, the original decentralized digital currency, officially hit 10,000 U.S. dollars early Tuesday morning, according to data from CoinMarketCap.

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UK Inflation Lower than Expected, Easing Rate Hike Prospects

LONDON (AP) — Consumer price inflation in Britain unexpectedly held steady in July at an annual rate of 2.6 percent, official figures showed Tuesday, in a development that may ease pressure on the Bank of England to raise interest rates at a time when the economy has slowed amid uncertainty over the country’s exit from the European Union.

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UK Inflation Unexpectedly Falls Easing Living Standards Slump

LONDON (AP) — Inflation in Britain unexpectedly fell in the year to June, official figures showed Tuesday in a development that’s eased market expectations that the Bank of England will raise interest rates soon. The Office for National Statistics said

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Bloomberg Ranks Israel World’s 3rd Most Stable Economy

A nearly nonexistent inflation rate and low unemployment have helped propel Israel to the No. 3 spot on a list of the world’s most stable and promising economies for 2016 published by the Bloomberg financial news agency.

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Consumers Prices Dropped in March for First Time in 13 Months

A labor department release from Friday revealed that the Consumer Price Index (CPI) dropped 0.3 percent in the month of March, the largest drop since prices fell 0.6 percent in January 2015. This is the first monthly decline in consumer price in 13 months.

Samples of Venezuela's currencies are displayed at the Central Bank building in Caracas February 10, 2015. REUTERS/Jorge Silva

Venezuela’s Foreign Reserves Will Soon Run Out, Raising Threat of Debt Default

The government of Venezuela has little over $10 billion of foreign reserves cash, CNN reports, suggesting it will soon run out of funds completely. The nation’s socialist government has vowed not to default on its debts but has done little to stop the rapidly growing hyperinflation and spread of poverty and hunger.

A worker cleans up what remains a Subway sandwich shop at the looted SuperLider commercial center in Maracay, Venezuela, Wednesday, Feb. 26, 2014. People looted the commercial center starting Monday night, after almost two weeks of protests that began with students and were soon joined by others in several cities, …

Beijing Demands Protection as Venezuela’s Rioters Target Chinese Businesses

The government of China has demanded that Venezuela make an effort to “restore social order” following a string of attacks against Chinese-owned businesses in cities like Bolívar, where the socialist government’s decision to invalidate the nation’s highest-denomination bolívar bill triggered riots that damaged hundreds of storefronts.

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Fed Hikes Interest Rates, More to Come in 2017

The Federal Reserve raised interest rates a quarter of a point on Wednesday for only the second time in a decade, and with an improved economic outlook, rates are now predicted to rise three times in 2017.