Tag: Inflation
Inflation at wholesale level increases 1.0% in June
WASHINGTON — Inflation at the wholesale level jumped 1% in June, pushing price gains over the past 12 months up by a record 7.3%.
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Wholesale inflation over past year jumps by record amount
WASHINGTON — Inflation at the wholesale level jumped 1% in June, pushing price gains over the past 12 months up by a record 7.3%.
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Europe’s central bank intensifies focus on climate change
FRANKFORT, Germany — The European Central Bank has adopted a new approach to managing the economy that would allow the bank to tolerate transitory...
Earnings boom is expected a year after pandemic-driven skid
LOS ANGELES — Wall Street is gearing up for a slew of blockbuster earnings over the next few weeks as companies issue their results...
EU upbeat over economic growth, concerned about inflation
BRUSSELS — European Union economies are set to rebound by their highest rates in decades as coronavirus restrictions ease, but still face risks posed...
Have a seat: Patio furniture shortage tells US economic tale
COCKEYSVILLE, Maryland — People used to go to Valley View Farms to buy five tomato plants and end up with $5,000 in patio furniture.
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San Francisco Fed’s Daly: Healthy economy needs less support
WASHINGTON — With interest rates ultra-low even as the U.S. economy swiftly improves, Federal Reserve officials are divided over how quickly they should adjust...
UK urged to defer winding down of salary support program
LONDON — Business leaders and unions joined forces Thursday to urge the British government to maintain a salary subsidy program that is being wound...
Gas prices rise again, no sign of letting up this summer
After a brief dip, gas prices in the U.S. are on the rise again.
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US mortgage rates rise over 3%; 30-year at 3.02%
WASHINGTON — Mortgage rates rose above the 3% mark this week for the first time in 10 weeks, as the economic recovery from the...