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Inflation

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  • Consumer Inflation Tamer Than Expected in April Wednesday, 14 May 2008 | 8:34 AM ET

    Consumer prices rose a smaller-than-expected 0.2 percent in April as energy prices held steady, a Labor Department report on Wednesday showed.

  • ArcelorMittal to Pass On Rising Raw Material Prices Wednesday, 14 May 2008 | 6:29 AM ET
    Worker in an Alcoa plant.

    Rising raw material prices are likely to be passed on and will take another chunk out of consumers’ wallets, further heaping inflationary pressures on to the global economy, ArcelorMittal CFO Aditya Mittal told CNBC Wednesday.

  • Fed May Start Fighting Asset Bubbles: FT Wednesday, 14 May 2008 | 3:55 AM ET

    The Federal Reserve may start using regulation or even interest rates to fight asset-price bubbles, instead of trying to limit the damage once they burst, as it has done until now, the Financial Times reported on its Web site.

  • More Troops Rushed to Help China Quake Rescue Tuesday, 13 May 2008 | 8:52 PM ET
    Rescuers search for victims in the debris of a hospital after the earthquake in Dujiangyan, China (AP).

    Thousands of Chinese troops are set to join a frantic search for earthquake survivors on Wednesday, with prospects looking increasingly grim for thousands of people buried under rubble and mud.

  • Dollar Rises vs. Euro, Yen on Strong Retail Tuesday, 13 May 2008 | 5:15 PM ET

    The U.S. dollar rallied broadly Tuesday after a report on April retail sales beat forecasts and supported views that the Federal Reserve will probably stop cutting interest rates next month.

  • Bernanke Says Crisis Not Over; Prices Worry Others Tuesday, 13 May 2008 | 4:04 PM ET
    Ben Bernanke

    U.S. Federal Reserve Chairman Ben Bernanke said the credit crisis is not over, even as his colleagues revealed growing concerns about inflation that could signal a pause in interest rate cuts.

  • Fed's Yellen: Interest Rates at Appropriate Level Tuesday, 13 May 2008 | 1:17 PM ET

    San Francisco Federal Reserve Bank President Janet Yellen said Tuesday the current level of U.S. interest rates should boost the economy in the second half of 2008.

  • China Quake Death Toll Likely Tens of Thousands Tuesday, 13 May 2008 | 11:46 AM ET
    Rescuers search for victims in the debris of a hospital after the earthquake in Dujiangyan, China (AP).

    China's most devastating earthquake in three decades killed more than 12,000 people with the toll likely to soar after state media said on Tuesday nearly 19,000 were buried under rubble in one city alone.

  • Economy Sluggish, Inflation Higher: Fed Survey Tuesday, 13 May 2008 | 10:34 AM ET

    The U.S. economy will barely expand in the second quarter and the chances of it shrinking have risen, following sluggish growth early in the year, said a Philadelphia Federal Reserve survey released Tuesday.

  • ECB's Noyer Warns of Explosive Global Inflation Mix Tuesday, 13 May 2008 | 9:46 AM ET

    ECB policymaker Christian Noyer said on Tuesday that an explosive mix of soaring commodity prices and "permissive" monetary policy in some countries with dollar pegs could trigger an inflationary spiral which would hurt poor nations most.

  • Retail Sales Show Strength Outside of Auto Sector Tuesday, 13 May 2008 | 9:27 AM ET

    Retail sales weakened modestly in April, but outside the hard-pressed auto sector they showed more resiliency than anticipated.

  • Fed's Pianalto Says Inflation 'A Key Risk' Tuesday, 13 May 2008 | 7:10 AM ET

    Cleveland Federal Reserve Bank President Sandra Pianalto said on Tuesday that although core U.S. price measures were climbing faster than she wanted, Fed monetary policy was compatible with low inflation.

  • UK Home Prices Face Widespread Declines in April Tuesday, 13 May 2008 | 5:57 AM ET

    UK housing sentiment slumped to record lows in April, underscoring continued weakness in the sector and piling pressure on the Bank of England at a time when snowballing inflation could force it to keep interest rates on hold.  

  • UK Inflation Jumps, Curbing Rate Cut Expectations Tuesday, 13 May 2008 | 5:31 AM ET

    Soaring food and fuel bills pushed up Britain's inflation rate by its biggest amount in nearly six years, further denting expectations of interest rate cuts despite a slowing economy.

  • Dimon: Credit Crunch Over, Not Recession Threat Monday, 12 May 2008 | 2:52 PM ET
    Jamie Dimon

    JPMorgan Chase Chairman and Chief Executive Jamie Dimon Monday told bank investors that while the current credit market crunch may soon be over, the U.S. economy could still face a deep and extended recession

  • Dollar Gains Vs. Yen as Investors Snap Up Stocks Monday, 12 May 2008 | 1:32 PM ET

    The dollar rose versus the Japanese yen and Swiss franc Monday as investors snapped up riskier assets such as stocks, encouraged by a dip in oil prices and unexpectedly strong earnings from HSBC.

  • Fed's Evans Indicates Fed May Cut Rates Further Monday, 12 May 2008 | 9:58 AM ET
    Charles Evans

    Chicago Federal Reserve Bank President Charles Evans said that U.S. interest rates are "accommodative" and at the right level given a weak growth outlook, but then indicated that the Fed could still be open to cutting rates further.

  • Inflation, Housing Data Lead Busy Economic Week Monday, 12 May 2008 | 6:28 AM ET

    It's a busy week on the economic calendar, with the consumer price index, data on housing starts and the Philly Fed index all expected.

  • Market Insider: Energy Price Predictions Friday, 9 May 2008 | 1:52 PM ET

    With increasing anxiety, the stock market is looking over its shoulder at the energy markets. Oil briefly topped $126 per barrel today, and as oil trades above $125, we wonder how much these high prices will spread out to affect the consumer, corporate profits, corporate spending and government spending.

  • Europe's Recent Rally May Be Cut Short Next Week Friday, 9 May 2008 | 12:26 PM ET

    A recent bear-market rally in Europe may be cut short next week, when stocks are likely to be dragged lower as investors balk at the rising price of oil and fears that the financial sector woes are not over, return to haunt the markets.