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Inflation

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  • Oil Climbs as OPEC Says No Output Hike Thursday, 2 Aug 2007 | 3:50 PM ET

    Oil rose near an all-time high on Thursday, as OPEC officials said the producer group would not hike output, despite concerns of a supply shortfall.

  • Euro-Zone Rates Stay at 4%, U.K. Remains at 5.75% Thursday, 2 Aug 2007 | 9:49 AM ET

    The European Central Bank kept its core lending rate at 4% Thursday, as widely expected, but a hike in September was signaled. The Bank of England also held steady, leaving rates at 5.75%.

  • Oil Falls More Than $2 to $76 After Hitting New Record Wednesday, 1 Aug 2007 | 1:07 PM ET

    Oil prices retreated after jumping to a new record Wednesday on the government's report of a steep drop in crude inventories and surge in refinery activity.

  • Oil futures settled at a record high above $78 Tuesday on expectations that crude inventories fell last week and reports of new violence in Nigeria, a large oil producer and key supplier to the U.S.

  • Inflation in the 13 nations that use the euro fell to 1.8 % in July, the EU statistics agency said Tuesday, as business confidence weakened from a near-record high.

  • Oil Slips on Profit Taking, Supply Worries Persist Monday, 30 Jul 2007 | 3:29 PM ET

    Oil fell on Monday as traders took profits after supply concerns sent prices above $77 abarrel last week and near record highs.

  • Oil jumped more than 2 percent to its second highest settlement on record on Friday as supply concerns and signs of U.S. economic growth helped counter worries about falling stock markets.

  • Japanese core consumer prices in June fell only slightly from a year earlier, as expected, but market fears about the health of U.S. credit markets raised doubts about the likelihood of a rate increase next month.

  • Oils Falls Below $75 as Stock Market Drop Clips Rally Thursday, 26 Jul 2007 | 3:10 PM ET

    Oil prices fell on Thursday as a sharp drop in the U.S. stock market spurred concerns about crude demand growth, reversing an earlier rally.

  • Dollar Drops to 3-Month Low vs. Yen Thursday, 26 Jul 2007 | 12:06 PM ET

    The dollar dropped to a 3-month low Thursday, as investors spooked by growing problems in credit markets fled risky assets financed by borrowing in the low-yielding Japanese currency.

  • Oil Futures Climb to Near $76 on U.S. Inventory Decline Wednesday, 25 Jul 2007 | 3:43 PM ET

    Oil prices jumped on Wednesday after U.S. government data showed a draw in crude inventories as refiners' utilization increased.

  • Dollar Rises Against Euro in Technical Rebound Wednesday, 25 Jul 2007 | 10:49 AM ET

    The dollar jumped broadly Wednesday in a technical rebound from record lows against the euro, shrugging off fresh signs of deterioration in the U.S. housing sector.

  • Australian Inflation Jumps, Interest Rate Rise Looms Tuesday, 24 Jul 2007 | 10:59 PM ET

    Inflation in Australia jumped past all expectations last quarter as the cost of petrol, food and health care climbed, greatly adding to the risks of a rise in interest rates as early as August.

  • Dollar Index at 15-Year Low on Housing Market Woes Tuesday, 24 Jul 2007 | 2:36 PM ET

    The dollar fell to a 15-year low against a basket of major currencies and a record low against the euro Tuesday, hurt by the potential for credit woes and housing market weakness to weigh on the U.S. economy.

  • Oil rose Tuesday afternoon to well over $73 per barrel -- after sinking more than $1 below $73 a barrel earlier in the day. The slide was attributed to further assurances from OPEC that it would pump more crude if needed, as well as expectations of higher U.S. fuel stockpiles.

  • The dollar¬†¬†edged higher against the euro Monday, recovering from a record low, as dealers awaited economic data later in the week to see if U.S. credit market turmoil has spread to other sectors.

  • Oil fell below the $75-per-barrel mark on Monday, as some funds booked profits after OPEC expressed concern over near-record prices -- and pledged to pump more crude if needed.

  • Business More Upbeat On Economy, NABE Survey Shows Monday, 23 Jul 2007 | 10:50 AM ET

    After a first quarter swoon, business is more upbeat about the current quarter and the rest of the year--especially when it comes to hiring, profits and productivity, the latest survey by the National Association for Business Economics shows.

  • Many lawmakers, along with advocates for low-wage workers, are celebrating the first increase in the federal minimum wage in a decade. Yet many acknowledge that raising it from $5.15 an hour to $5.85 will provide only meager help for some of the lowest paid workers.

  • The dollar fell to a record low against the euro Friday and was on track for its sixth straight weekly decline, weighed down by fears that losses in risky mortgage debt would hurt consumers and slow U.S. growth.