Tag: Inflation
UK inflation up more than expected amid COVID fluctuations
LONDON — British consumer prices rose by more than expected last month as fuel and clothing costs surged following the easing of COVID-19 restrictions.
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Yellen: administration is watching inflation closely
WASHINGTON — Treasury Secretary Janet Yellen assured Congress that the recent jump in inflation is being monitored very carefully by the Biden administration, but...
Delicate task for Fed: When to pull back on low-rate support
WASHINGTON — With inflation rising in a fast-rebounding economy, the Federal Reserve is poised this week to discuss when it will take its first...
Europe’s stimulus likely to keep running as economies reopen
FRANKFURT, Germany — The European Central Bank is expected to leave its stimulus efforts running at full steam Thursday — even as the economy...
In Lebanon, a search for medicine and a stranger’s help
To all the struggles of life in Lebanon — the pandemic, the power outages, the inflation, the punishing financial and political crises — add...
This Week: Consumer credit, GameStop earns, consumer prices
A look at some of the key business events and economic indicators upcoming this week:
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Biden says jobs report bolsters case for government spending
President Joe Biden portrayed the May jobs report as a jumping off point for more spending on infrastructure and education to keep growth going...
US economy: Plenty of growth, not enough workers or supplies
WASHINGTON — The U.S. economy is sparking confusion and whiplash almost as fast as it’s adding jobs.
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Biden says jobs report bolsters case for government spending
President Joe Biden portrayed the May jobs report as a jumping off point for more spending on infrastructure and education to keep growth going...
Turkish lira dips to record low over Erdogan rate comments
ANKARA, Turkey — The Turkish lira dipped to new record lows on Wednesday after President Recep Tayyip Erdogan rattled investor confidence by saying he...