Charles writes, "For everyone who's crying about the moral hazards of a government bailout of the mortgage crisis, I have just 3 words for you..."
The Federal Reserve said economic conditions were weakening across much of the nation while price pressures from food, fuel and raw materials were increasing.
San Francisco Federal Reserve Bank President Janet Yellen said on Wednesday that economic prospects for the United States are "unusually uncertain," with growth "at best" at a crawl.
The euro pushed to a new record high Wednesday after a lower-than-expected gain in U.S. inflation last month and a sharp fall in housing starts boosted the case for more Federal Reserve interest rate cuts.
Measuring inflation without including food and energy costs no longer makes sense, PIMCO Chief Investment Officer Bill Gross told CNBC.
Over the past 12 months, consumer inflation is up by 4%, reflecting a 17% surge in energy costs and a 4.4% rise in food prices.
US consumer prices rose 0.3% in March, slightly less than expected as cheaper clothing helped hold down overall prices despite a modest rebound in energy prices, a Labor Department report showed.
Surging energy and food prices pushed euro zone inflation to a new high of 3.6 percent in March, boosting the euro to a record high against the dollar on fading chances of a ECB rate cut in the near term.
China's surging inflation and rapid economic growth have eased slightly amid government efforts to end food shortages and cool an investment boom, according to data reported Wednesday.
A crucial economic report is due Wednesday. Will it reveal that 70’s style inflation is back in fashion?
Strong U.S. producer price growth in March may bode ill for Wednesday's reading on inflation at the broader consumer level, even though the two measures do not always move in lock-step.
The dollar extended gains on Tuesday after U.S. Treasury data showed foreigners increased purchases of U.S. assets in February, easing some concern that the credit crisis would dry up U.S. capital inflows.
Inflation at the wholesale level soared in March to nearly triple the rate that had been expected as the costs of energy and food both climbed rapidly....
The growing inflation pressures are occurring at a time when the overall economy is slowing and many analysts believe may have toppled into a recession.
Producer prices advanced by a more-than-expected 1.1% in March after energy costs jumped, Labor Department data showed, but core inflation at the producer level was more subdued.
The dollar was mixed against European and Asian currencies Monday after the Commerce Department reported that retail sales edged up in March.
G7 finance ministers are meeting in Washington this weekend to discuss the sub-prime credit mess and ways to coordinate measures aimed at backstopping the world financial system against various credit strains and systemic risks.
The yen rose broadly after a fall in industrial conglomerate General Electric's quarterly earnings stoked fears about the health of the US economy, causing investors to dump riskier trades.
U.S. import prices rose by a more-than-expected 2.8 percent in March as petroleum prices jumped 9.1 percent, a Labor Department report showed Friday.
Japan wants the Group of Seven rich nations to show a clear determination to ensure financial system stability as global markets remain turbulent, Bank of Japan Governor Masaaki Shirakawa said on Thursday.