Inflation

FILE - In this May 1, 2019 file photo, Federal Reserve Board Chair Jerome Powell speaks at a news conference following a two-day meeting of the Federal Open Market Committee, in Washington. Federal Reserve officials at their recent meeting believed the central bank could remain “patient” in deciding when to adjust interest rates, though some officials thought future rate hikes might still be needed. In minutes of the April 30-May 1 discussions, Fed officials note that prospects for the U.S. and global economy had been improving, while inflation had fallen farther below the Fed’s 2% target. (AP Photo/Patrick Semansky, File)
May 22, 2019 - 11:22 am
WASHINGTON (AP) — Federal Reserve officials at their recent meeting believed the central bank could remain "patient" in deciding when to adjust interest rates, though some officials thought future rate hikes might still be needed. In minutes of the April 30-May 1 discussions released Wednesday, Fed...
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FILE - In this April 24, 2019 file photo, a customer shops at the meat counter at a Walmart Neighborhood Market in Levittown, N.Y. On Friday, May 10, the Labor Department reports on U.S. consumer prices for March. (AP Photo/Mark Lennihan, File)
May 10, 2019 - 6:07 am
WASHINGTON (AP) — U.S. consumer prices increased 0.3% in April, led by more expensive gasoline, apartment rents and appliances. The Labor Department said Friday that the consumer price index climbed 2% in the year ending in April. Excluding the volatile food and energy categories, core prices...
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An investor stands in front of stock trading boards at a private stock market gallery in Kuala Lumpur, Malaysia, Thursday, May 2, 2019. Asian stocks were mixed on Thursday after the U.S. Federal Reserve kept its benchmark interest rate intact and steered clear of suggesting that a cut was possible this year. Trading was light as markets in Japan and mainland China were closed. (AP Photo/Annice Lyn)
May 02, 2019 - 4:40 am
SINGAPORE (AP) — World stocks were mixed on Thursday after the U.S. Federal Reserve kept its benchmark interest rate intact and steered clear of suggesting that a cut was likely this year. As European traders returned from the May Day holiday, France's CAC 40 lost 0.4% to 5,561 while Germany's DAX...
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Specialist John Alatzas, left, and trader Michael Milano work on the floor of the New York Stock Exchange, Wednesday, May 1, 2019. Stocks are opening higher on Wall Street after several big U.S. companies reported earnings that were better than analysts were expecting. (AP Photo/Richard Drew)
May 01, 2019 - 8:56 pm
SINGAPORE (AP) — Asian stocks were mixed on Thursday after the U.S. Federal Reserve kept its benchmark interest rate intact and steered clear of suggesting that a cut was possible this year. Trading was light with markets in Japan and mainland China closed. Hong Kong's Hang Seng rose 0.4% to 29,829...
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FILE- In this Feb. 27, 2019, file photo Federal Reserve Board Chair Jerome Powell gestures while speaking before the House Committee on Financial Services hearing on Capitol Hill in Washington. On Wednesday, May 1, the Federal Reserve releases its latest monetary policy statement after a two-day meeting. (AP Photo/Pablo Martinez Monsivais, File)
May 01, 2019 - 11:08 am
WASHINGTON (AP) — The Federal Reserve left its key interest rate unchanged Wednesday and signaled that no rate hikes are likely in coming months amid signs of renewed economic health but unusually low inflation. The Fed left its benchmark rate — which influences many consumer and business loans —...
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FILE - In this July 31, 2017, file photo, Los Angeles Mayor Eric Garcetti, left, listens as Los Angeles Olympic Committee leader Casey Wasserman speaks during a press conference to make an announcement for the city to host the Olympic Games and Paralympic Games 2028, at Stubhub Center in Carson, Calif. The price tag on the Los Angeles 2028 Olympics is now $6.88 billion, a $1.36 billion increase that comes mainly because of accounting measures designed to better reflect inflation over the long lead-up to those games. Most key numbers the organizing committee released Tuesday, April 30, 2019, are essentially the same as those submitted in the original bid documents, only adjusted from 2016 dollars to reflect the real value of the dollars at the time they'll be received or spent. (AP Photo/Ringo H.W. Chiu, File)
April 30, 2019 - 6:40 am
The price tag on the Los Angeles 2028 Olympics is now $6.88 billion, a $1.36 billion increase that comes mainly because of accounting measures designed to better reflect inflation over the long lead-up to those games. Most key numbers the organizing committee released Tuesday are essentially the...
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April 29, 2019 - 5:37 am
WASHINGTON (AP) — U.S. consumer spending surged 0.9% in March, the biggest gain in nearly a decade, as inflation pressures remain non-existent. The Commerce Department said Monday that the March gain was the biggest monthly increase since August 2009. That's a marked improvement after three months...
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FILE - In this Nov. 13, 2018 file photo, Jihad Azour, the International Monetary Fund's Mideast and Central Asia department director, gives a press conference in Dubai, United Arab Emirates. In a new outlook report issued Monday, April 29, 2019, the IMF said that political uncertainty and volatile oil prices are weighing heavily on economic growth in the Middle East this year. A closer look, however, shows sharp variations from country to country. (AP Photo/Kamran Jebreili, File)
April 28, 2019 - 11:02 pm
DUBAI, United Arab Emirates (AP) — Political uncertainty and volatile oil prices are weighing heavily on economic growth in the Middle East this year, according to a new report released Monday by the International Monetary Fund. The report, which looks at the economies of 23 countries spanning...
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FILE - In this June 20, 2014 file photo, Herman Cain, CEO, The New Voice, speaks during Faith and Freedom Coalition's Road to Majority event in Washington. Trump says Herman Cain withdraws from consideration for Fed seat amid focus on past allegations. (AP Photo/Molly Riley, File)
April 22, 2019 - 3:05 pm
WASHINGTON (AP) — President Donald Trump's efforts to reshape the Federal Reserve stumbled on Monday, with one of his potential nominees for the Fed's board withdrawing from consideration and another being enveloped by fresh doubts. Herman Cain, a former CEO of Godfather's Pizza, asked to be taken...
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FILE- In this March 20, 2019, file photo Federal Reserve Chair Jerome Powell listens to a reporter's question during a news conference in Washington. On Wednesday, April 10, the Federal Reserve releases minutes from its March meeting when it left rates unchanged. (AP Photo/Susan Walsh, File)
April 10, 2019 - 1:56 pm
WASHINGTON (AP) — A majority of Federal Reserve officials last month believed that economic conditions would likely warrant keeping the Fed's benchmark policy unchanged for the rest of this year. Several officials said their view could shift in either direction based on incoming data, according to...
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