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Monday, October 21, 2019  Spokane, Washington  Est. May 19, 1883
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Stories tagged: inflation


Powell faces key question: What’s wrong with low inflation?

On Wednesday, Fed Chairman Jerome Powell instead said that low inflation can create problems for the U.S. economy, calling it one of the “longer-term challenges” facing the United States.


UPDATED: Mon., Sept. 16, 2019, 5:46 p.m.

With Trump trade war a threat, Fed is set to cut rates again

For a second straight time, the Federal Reserve is set to cut interest rates this week to try to protect the economy from the consequences of a global slowdown and …


U.S. wholesale prices rise just 0.2% in July

U.S. wholesale prices rise just 0.2% in July, as inflation remains tame


UPDATED: Tue., July 16, 2019, 4:56 p.m.

Zimbabwe’s civil servants protest pay as inflation hits 176%

Representatives of Zimbabwe’s government workers Tuesday protested against what they called “slave salaries” as inflation almost doubled to 176%, a decade high that highlights the country’s rapidly deteriorating economy.


UPDATED: Wed., May 1, 2019, 3:28 p.m.

Fed signals neither a rate hike nor a cut is likely soon

The Federal Reserve left its key interest rate unchanged Wednesday and signaled that it’s unlikely to either raise or cut rates in coming months amid signs of renewed economic health …


UPDATED: Tue., March 12, 2019, 4:19 p.m.

U.S. consumer prices rose 0.2 percent in February

U.S. consumer prices rose 0.2 percent in February, pushed up slightly by higher gasoline and housing costs even as the prices for autos and clothing slumped.


U.S. inflation remains contained amid Fed patience on rates

WASHINGTON – A key measure of U.S. inflation was little changed in January while the broader gauge slowed on lower energy costs, underscoring the Federal Reserve’s recent decision to be …


U.S. consumer spending up inflation-adjusted 0.3 percent

U.S. consumer spending rose in September by a solid, inflation-adjusted 0.3 percent, led by increased spending on health care services and motor vehicles.


U.S. consumer spending up a solid 0.4 percent in July

U.S. consumer spending rose a solid 0.4 percent in July, the sixth straight month of healthy gains. At the same time, a key gauge of inflation posted its sharpest annual …


UPDATED: Fri., Aug. 10, 2018, 4:41 p.m.

Consumer prices up 2.9 percent, leaving Americans worse off

Consumer prices climbed 2.9 percent in July from a year earlier, a rate of inflation that suggests Americans are earning less than a year ago despite an otherwise solid economy.


Federal Reserve projects further gradual hikes in key rate

The Federal Reserve said Friday it expects low unemployment and rising inflation will keep it on track to raise interest rates at a gradual pace over the next two years. …


UPDATED: Tue., June 12, 2018, 5:29 p.m.

U.S. consumer prices up 0.2 pct. in May, 2.8 pct. annually

U.S. inflation accelerated in May to the fastest pace in more than six years, reinforcing the Federal Reserve’s outlook for gradual interest-rate hikes while eroding wage gains that remain relatively …


U.S. consumer prices in March rose 2.4 percent from year earlier

U.S. consumer prices rose 2.4 percent in March from a year earlier, the fastest annual pace in 12 months.


Robert J. Samuelson: The coming Trump inflation?

We tried Donald Trump’s economic policy in the ’60s and ’70s, and it failed abysmally. It led to double-digit inflation, frequent recessions and public demoralization.


Robert J. Samuelson: Ugh – inflation is back

Anyone looking for good economic news will be disappointed by the latest inflation report, which showed the Consumer Price Index (CPI) advancing by 0.5 percent in January. By itself, this …


UPDATED: Wed., Feb. 14, 2018, 3:54 p.m.

U.S. inflation pressures raising expectations for interest rate hikes

Inflation pressures appear to be building in the U.S. economy, a prospect that is heightening anxiety about potentially higher borrowing rates that could slow economic growth.


UPDATED: Thu., Feb. 1, 2018, 5:07 p.m.

Average auto prices rise 4 percent – an early sign of inflation

Auto sales were strong in January, with average prices up 4 percent – an early sign of an inflationary economy.


Fed leaves key rate unchanged at Yellen’s final meeting

The Federal Reserve has left its benchmark interest rate unchanged but signaled that it expects to resume raising rates gradually to reflect a healthy job market and economy.


UPDATED: Tue., Jan. 2, 2018, 7:17 p.m.

Global manufacturers strain to keep up with faster economy

Factories across the globe warned they are finding it increasingly hard to keep up with demand, potentially forcing them to raise prices as the world economy looks set to enjoy …


UPDATED: Tue., Nov. 14, 2017, 11:33 a.m.

Lawsuit: Rent at Kushner properties inflated illegally

Tenants of a second building owned by the company of Jared Kushner’s family filed a lawsuit Tuesday over rent that they say is inflated illegally.


Yellen sounds upbeat note on economy and inflation prospects

Federal Reserve Chair Janet Yellen on Sunday sketched a bright outlook for the U.S. economy and for inflation prospects in coming months, saying the impact of the recent hurricanes will …


Fed debated mystery of persistently low inflation

Federal Reserve officials at their September meeting struggled to come to terms with persistently low inflation. But in the end, they decided that they should continue to signal the possibility …


Yellen: Fed perplexed by chronically low inflation

Speaking to a conference of economists, Federal Reserve Chair Janet Yellen touched upon key questions the Fed is confronting as it tries to determine why inflation has remained chronically below …


UPDATED: Thu., Aug. 10, 2017, 8:15 p.m.

Fifth time’s a charm? U.S. inflation misses may finally end

U.S. inflation is finally picking up – or at least that’s the expectation of economists who have been wrong-footed by sub-par readings four months in a row.


UPDATED: Wed., July 26, 2017, 4:28 p.m.

Fed keeps key interest rates unchanged amid low inflation

The Federal Reserve is keeping its benchmark interest rate unchanged at a time of low inflation, which remains persistently below the Fed’s target level.


UPDATED: Mon., July 24, 2017, 7:41 p.m.

Fed will likely focus on low inflation but leave rates alone

The Federal Reserve has already achieved one of its two mandates: With the unemployment rate at just 4.4 percent, the Fed has essentially maximized employment.


Yellen calls risks of inflation ‘two-sided’

Federal Reserve Chair Janet Yellen on Thursday said she believed the risks concerning inflation are “two-sided,” stressing that price gains could both accelerate or slow down.


UPDATED: Wed., July 12, 2017, 3:14 p.m.

Yellen tells Congress to expect more rate increases

Despite low inflation and a lot of uncertainties in the economic outlook, Federal Reserve Chair Janet Yellen said Wednesday she sees the need for the central bank to keep making …


Egypt raises electricity prices by more than 40 percent

Egypt on Thursday raised electricity prices by more than 40 percent, its latest move on the road to lifting all subsidies and complying with demands by the International Monetary Fund …


UPDATED: Wed., May 24, 2017, 1:27 p.m.

Fed minutes sound note of caution about June rate hike

The central bank is watching for evidence that a recent slowdown in the economy is temporary and that inflation is heating up toward its goal before committing to another interest …