Tag: Prices
Fed survey: US economy strong but hindered by bottlenecks
WASHINGTON — The Federal Reserve's latest nationwide business survey found that the economy strengthened further in late May and early June, despite supply-chain bottlenecks...
UK inflation rises to highest level in nearly 3 years
LONDON — Official figures show inflation in the U.K. rising to its highest level in nearly three years because of increases in the prices...
Powell says inflation will be ‘elevated’ in coming months
WASHINGTON — Federal Reserve Chair Jerome Powell says that inflation “will likely remain elevated in coming months" before “moderating,” an apparent acknowledgement that price...
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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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...
New auto sales, prices rise as chip shortage cuts US supply
U.S. consumers continued to spend wildly on new automobiles in the second quarter, pushing sales up 50.2% over last year despite tight dealer inventories...