Economic Measures Inflation

More

  • vienna_horse.jpg

    The Austrian capital is the city where the old EU meets the new EU. Teeming with international organizations, it's also the city that was the first to foray into Eastern European banking and the destination for tasty pastry.

  • China's recently introduced price controls are aimed at stabilizing inflationary expectations and will not distort the market economy, planning officials said on Thursday.

  • oz_BlkA.jpg

    Employment in Australia recorded another solid rise in December while the jobless rate fell by  more than expected, underlining a domestic case for a rise in interest rates, even as a troubled global outlook argued against one.

  • Shopper with bags

    Democratic and Republican leaders of the U.S. House  agreed to develop a bipartisan economic stimulus plan to help avert a possible recession.

  • dollar_bill_2.jpg

    The euro plunged against the U.S. dollar after a European Central Bank official told Bloomberg News the central bank may revise down its euro zone growth forecasts for 2008.

  • supermarket_dairy.jpg

    U.S. consumer prices rose a modest 0.3 percent in December, slightly worse than expected, while industrial output was unchanged, beating forecasts.

  • Federal Reserve Bank Chairman Ben Bernanke

    Federal Reserve Chairman Ben Bernanke wants Congress to act quickly to pass an economic stimulus package, Sen. Charles Schumer told CNBC.

  • The U.S. economy continued to grow in the final weeks of the fourth quarter but the paceof activity slackened amid subdued holiday spending and a weak housing sector.

  • supermarket_dairy.jpg

    Higher energy and food prices may be hitting many Americans, but fears of a recession are likely to overshadow Wednesday's report on consumer prices.

  • European markets ended sharply lower Tuesday, tracking U.S. stocks, which were dragged down by weak retail sales and an announcement by Citigroup of a bigger-than-expected fourth-quarter loss of $9.83 billion.

  • dollar_bill_2.jpg

    The dollar Tuesday fell to its lowest against the yen since June 2005 and extended declines against the euro after U.S. retail sales data provided further evidence an economic slowdown was spreading to the consumer.

  • shopper_womens_clothing_bloomingdales.jpg

    American shoppers cut back on spending at the nation's retailers by 0.4 percent in December, the most in six months, in a gloomy report that fanned fears of a recession.

  • British annual consumer price  inflation held at 2.1 percent as expected in December, above the  Bank of England's target for the third month running, official  data showed on Tuesday.

  • The U.S. economy is probably in a recession or about to slide into it, former U.S. Federal Reserve Chairman Alan Greenspan said in an interview with The Wall Street Journal.

  • China's central bank has set a target of capping new domestic-currency lending in 2008 at last year's level of 3.63 trillion yuan, state media reported on Tuesday.

  • Cash Register

    U.S. consumers are tightening their purse strings, and the squeeze may be severe enough to topple the U.S. economy into recession.

  • Dollar and Yen

    The dollar dropped to a record low versus the Swiss franc and seven-week lows against the euro and yen on Monday as concern that weak U.S. corporate earnings will prompt more interest rate cuts weighed on the currency.

  • Ben Bernanke, President Bush's top economic adviser, speaks in the Oval Office at the White House after Bush named him to take over the Federal Reserve from retiring Alan Greenspan, in Washington, Monday, Oct. 24, 2005. It was the third time in as many years the president has turned to the 51-year-old Bernanke for a sensitive post. Bush named him to the Fed board in 2002, then made him chairman of the president's Council of Economic Advisers earlier this year. (AP Photo/J. Scott Applewhite)

    The Federal Reserve is unlikely to cut interest rates before its next scheduled meeting in late January but may consider doing so if the outlook deteriorates sharply before then, the Wall Street Journal reported on Monday.

  • RBA.jpg

    A private gauge of Australian inflation rose sharply in December as fuel, borrowing costs and rents all climbed, heightening the risk that official inflation figures could be alarming enough to warrant a rate hike.

  • Dollar and Euro

    The yen strengthened across the board on Friday as global equity markets sagged on renewed fears that the U.S. financial sector may suffer even more losses, diminishing investors' risk appetite.