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Inflation

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  • Mortgage Rates Soar: Are More Foreclosures Ahead? Thursday, 29 May 2008 | 12:25 PM ET

    The culprit is fears of inflation, thanks to high gasoline prices. But even more troubling is the chance that the Fed will raise interest rates, which don’t correlate exactly to the 30-year fixed, but which will push up rates on some adjustable-rate mortgages and home equity lines of credit.

  • Companies Help Workers Cope With Gas Price Spike Thursday, 29 May 2008 | 8:03 AM ET

    With gas prices at record highs across the country, some employers are implementing measures to help their employees ease the cost of driving to work.

  • Inflation-Wary Fed Looks Ahead to Rate Hikes Wednesday, 28 May 2008 | 9:33 PM ET
    Federal Reserve

    Two Federal Reserve policy-makers warned on Wednesday that interest rate increases might be needed before too long to curb inflation, even as the United States struggles with a weak economy.

  • Dollar Rises Broadly After Durable Goods Data Wednesday, 28 May 2008 | 12:31 PM ET
    Dollars and Euro

    The dollar rose broadly after a report showed new orders for U.S. durable goods fell by less than expected in April, supporting the view the Federal Reserve may keep interest rates on hold or even raise them by the end of the year.

  • Banks Alienate Customers By Raising Fees: Study Wednesday, 28 May 2008 | 12:25 PM ET
    ATM

    A rise in fees has led to growing dissatisfaction with retail banks, which may be sacrificing long term growth in favor of short-term gains, J.D. Power and Associates said in a study.

  • Economy to Weaken Next Year: Merrill's Rosenberg Wednesday, 28 May 2008 | 10:34 AM ET

    The US economy is likely to weaken even further next year, but inflation is mainly contained to oil and other commodities, Merrill Lynch economist David Rosenberg told CNBC.

  • Airbus Braces for Order Cancellations on Oil Price Wednesday, 28 May 2008 | 8:12 AM ET

    European planemaker Airbus is starting to feel the pain of the high price of oil and is bracing for airline customers to delay and even cancel orders, its chief salesman said on Wednesday.

  • Dollar Gains Broadly on Housing Data, Oil Drop Tuesday, 27 May 2008 | 4:49 PM ET

    The dollar rose broadly Tuesday after oil prices fell and a report showed an unexpected rise in U.S. new home sales in April, boosting expectations the economic slowdown is not as bad as feared.

  • Analyst: Financial Crisis Winding Down Tuesday, 27 May 2008 | 8:44 AM ET

    There are several signs that the financial crisis that has long plagued the market is winding down, according to one expert.

  • HSBC CEO Calls for Higher Interest Rates Tuesday, 27 May 2008 | 4:30 AM ET

    The chief executive of Europe's biggest lender on Tuesday called on central bankers to raise interest rates in order to combat inflation.

  • Malaysia Restricts Fuel Sales to Foreigners Tuesday, 27 May 2008 | 1:19 AM ET

    The government will ban people in foreign-registered vehicles from buying gasoline in border areas of Malaysia, where heavy subsidies have kept petroleum costs low despite soaring prices internationally.

  • Quake Policy Must Curb Inflation: China Central Bank Monday, 26 May 2008 | 9:39 PM ET
    China, Chinese Flag

    Monetary policy should aim to help China recover from this month's devastating earthquake but it must also continue to fight inflation, central bank chief Zhou Xiaochuan said.

  • Greenspan Says Recession Still Likely in US: FT Monday, 26 May 2008 | 8:47 PM ET
    On his last day as chairman of the Board of Governors of the Federal Reserve System, Alan Greenspan smiles as he presides over his final Federal Open Market Committee meeting at the the Fed's headquarters in Washington, Tuesday, Jan. 31, 2006. He is speaking to Deborah J. Danker, at left, special assistant to the board, with Vice Chairman Roger W. Ferguson Jr., at right. Greenspan has held the post for more than 18 years and is widely viewed as the most successful chairman in the Fed's 92-year h

    Former Federal Reserve chairman Alan Greenspan was quoted on Tuesday as saying the United States was still more likely than not to have a recession despite relative stabilization in the economy in recent weeks.

  • End of US Housing Slump Likely to Be Long, Painful Monday, 26 May 2008 | 4:41 AM ET

    "This is going to be another difficult spring," said Mark Zandi of  Moody's Economy.com. "I think we are at the beginning of the end of the housing downturn, but it is going to be a long and painful end."

  • Trichet: Financial Markets Correction Is Ongoing Monday, 26 May 2008 | 3:32 AM ET

    European Central Bank head Jean-Claude Trichet said on Monday that financial markets were experiencing an "ongoing correction" and repeated that the G7 was concerned about excessive dollar volatility.

  • China Inflation Forecast to Hit 7% This Year Sunday, 25 May 2008 | 11:42 PM ET
    China, Chinese Flag

    China's consumer inflation is expected to reach 7% in 2008, up from 4.8% last year, a government economist said in comments published on Monday

  • Dollar Ekes Out Gains in Ultra-Thin Holiday Trade Sunday, 25 May 2008 | 9:07 PM ET

    The dollar held its ground on Monday, taking advantage of the ultra-thin volumes owing to U.S. and UK market holidays to arrest its decline of the last three weeks and eke out slender gains against a basket of major currencies.

  • Buffett: Banks Are to Blame For Subprime Debt Crisis Sunday, 25 May 2008 | 10:20 AM ET
    Warren Buffett

    Blame for the sub-prime crisis lies at the feet of banks who took too many risks in mortgage lending, Warren Buffett told a Madrid newspaper. Earlier, the billionaire investor said he expected a "long, deep" recession. 

  • Dollar Heads for Steepest Weekly Fall in 2 Months Friday, 23 May 2008 | 12:21 PM ET
    Exchanging Dollars and Euros

    The dollar fell on Friday and was set for its steepest weekly slide against a basket of major currencies in two months, as record high oil prices left the U.S. economy vulnerable to slower growth and rising inflation.

  • Kimberly-Clark to Raise Prices By Up to 8% Friday, 23 May 2008 | 9:11 AM ET

    Kimberly-Clark, marker of Kleenex tissues, Huggies diapers and a host of other consumer products, said Friday it would raise prices by 6 percent to 8 percent in the third quarter to offset higher raw material and energy costs.