Last Updated: Friday, September 11, 2015, 10:27
The U.S. labor market appeared to gain momentum in early September as fewer Americans filed for weekly unemployment benefits, but weak inflation pressures may complicate the Federal Reserve`s decision whether to raise interest rates.
Last Updated: Sunday, August 30, 2015, 09:17
US inflation will likely rebound as pressure from the dollar fades, allowing the Federal Reserve to raise interest rates gradually, Fed Vice Chairman Stanley Fischer said on Saturday in a speech careful not to overreact to a possible Chinese slowdown.
Last Updated: Saturday, August 29, 2015, 22:26
Federal Reserve Vice Chairman Stanley Fischer warned Saturday that the US central bank will not wait for inflation to hit two percent before raising interest rates.
Last Updated: Saturday, July 25, 2015, 09:16
The rate forecast was included with a series of bearish projections on U.S. economic growth and inflation that were presented to policymakers at their June 16-17 meeting.
Last Updated: Friday, July 17, 2015, 19:26
US consumer prices rose broadly in June, bringing the annual inflation rate back into positive territory, government data released Friday showed.
Last Updated: Tuesday, May 26, 2015, 16:33
Gold fell more than 1 percent on Tuesday as the dollar extended gains following stronger U.S. inflation data and comments from Federal Reserve Chair Janet Yellen that reinforced the central bank`s tightening bias on monetary policy.
Last Updated: Friday, May 22, 2015, 18:54
The Fed`s preferred inflation measure, the personal consumption expenditures price index, rose 0.3 percent in March year-over-year, while the core PCE price index was up a modest 1.3 percent.
Last Updated: Thursday, March 19, 2015, 09:01
The Federal Reserve on Wednesday moved a step closer to hiking rates for the first time since 2006, but downgraded its economic growth and inflation projections, signalling it is in no rush to push borrowing costs to more normal levels.
Last Updated: Friday, February 27, 2015, 09:13
The euro rose to $1.1206, from $1.1198, but it slipped to 133.65 yen from 133.72 yen in US trade.
Last Updated: Thursday, August 15, 2013, 18:25
The dollar saw small but broad-based losses on Thursday as lack of clarity over when the Federal Reserve might start trimming its stimulus dragged on the US currency.
Last Updated: Saturday, April 14, 2012, 11:11
The US Consumer Price Index (CPI) rose 0.3 percent last month and by 2.7 percent over the 12 months ending March 31, the Labor Department said Friday.
Last Updated: Saturday, April 14, 2012, 00:58
US consumer prices rose modestly in March amid signs a spike in gasoline costs was ebbing, but inflation still outpaced workers' earnings and threatened to undermine consumer spending.
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