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Inflation
Walmart’s strong first quarter driven by consumers seeking bargains with inflation still an issue
Walmart is reporting another quarter of strong results as its low prices pull in shoppers scouring for discounts with inflation stubbornly high.
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Retail sales were unchanged in April from March as inflation and interest rates curb spending
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Stock market today: Asian shares advance after another round of Wall St records
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US inflation eased last month in the first slowdown of 2024
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New US tariffs on Chinese electric vehicles, batteries and solar cells could raise consumer prices
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Argentina reports its first single-digit inflation in 6 months as markets swoon and costs hit home
Argentina reports its first single-digit inflation in 6 months as markets swoon and costs hit home
Watch More
Federal Reserve chair Powell says interest rates will stay at high until inflation further cools
Long lines in front of banks and ATMs as Cubans face another hurdle to their difficult daily routine – the search for cash
Surging auto insurance rates squeeze drivers
More News
Walmart, Canada Goose rise; Deere, Freeport-McMoRan fall, Thursday, 5/16/2024
Stocks that traded heavily or had substantial price changes on Thursday: Walmart, Canada Goose rise; Deere, Freeport-McMoRan fall.
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Argentina reports its first single-digit inflation in 6 months as markets swoon and costs hit home
Government data in Argentina says the country’s monthly inflation rate has eased sharply to a single-digit rate in April for the first time in half a year.
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Fed’s Powell downplays potential for a rate hike despite higher price pressures
Federal Reserve Chair Jerome Powell said Tuesday that the central bank is unlikely to raise its key interest rate in response to signs of stubborn inflation and underscored his view that price increases would soon start to cool again.
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Wholesale price increases accelerated in April as inflation remains sticky
U.S. wholesale prices rose sharply last month, a sign that stubbornly high inflation may persist after three elevated readings in consumer prices to start the year.
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Home Depot’s sales continue to soften in 2024 as inflation, delayed start to spring weigh on sales
Home Depot’s sales continued to soften in the first quarter as the nation’s largest home improvement retailer not only was constrained by high mortgage rates and customers dealing with inflation concerns, but it also had to deal with a delayed start to spring.
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Stock market today: Asian markets follow Wall Street higher ahead of U.S. key inflation update
Asian stocks have advanced after equities rose on Wall Street, with the Nasdaq composite hitting a record high. Markets in Hong Kong and Seoul were closed for holidays.
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This Week: Producer prices, inflation check, April retail sales
The Labor Department releases producer price data for April on Tuesday, and its April report on consumer prices on Wednesday.
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Stock market today: Asian shares mixed in muted trading after Wall Street barely budges
Asian shares are mixed in muted trading after U.S. stock indexes were little changed. Investors are waiting for updates on inflation in the U.S.
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US consumer sentiment drops to 6-month low on inflation, unemployment fears
Consumer sentiment fell sharply in May to the lowest level in six months as Americans cited concerns about stubbornly high inflation and interest rates and fears that unemployment could rise.
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Spending on home renovations slows, but high remodeling costs mean little relief in sight for buyers
Homeowners have been spending more for renovations in recent years, as high interest rates and inflation drove up costs for everything from flooring to refrigerators.
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Despite numbers showing a healthy economy overall, lower-income spenders are showing the strain
Cracks are showing in one of the main pillars keeping the economy out of a recession: resilient spending by U.S. households.
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Bank of England edges closer to rate cut, possibly in June, as it predicts below-target inflation
The Bank of England is keeping its main U.K. interest rate at a 16-year high of 5.25% though it gave a broad hint that a reduction could be on the cards as soon as June as inflation is forecast to fall below target.
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Bank of England expected to wait for more evidence that inflation is under control before rate cut
The Bank of England is expected to maintain interest rates at a 16-year high of 5.25% Thursday, but a cut wouldn’t be a huge surprise as inflation falls from multi-decade highs.
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With inflation soaring, Argentina will start printing 10,000 peso notes
Prices in Argentina have surged so dramatically in recent months that the government has multiplied the size of its biggest bank note by five — to 10,000 pesos, worth about $10.
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Stock market today: Wall Street rallies after hiring shows welcome signs of cooling
Stocks closed sharply higher on Wall Street, erasing their losses for the week, after the government reported a cooldown in hiring last month.
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The Fed indicated rates will remain higher for longer. What does that mean for you?
The Federal Reserve’s decision Wednesday to keep its benchmark rate at a two-decade high should have ripple effects across the economy.
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Text of the policy statement the Federal Reserve released Wednesday
WASHINGTON (AP) — Below is the statement the Federal Reserve released Wednesday after its latest policy meeting ended:
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US job openings fall to 8.5 million in March, the lowest level in more than 3 years
U.S. jobs openings slid in March to the lowest level in more than three years, but stayed at historically high levels in a sign that the job market remains resilient in the face of higher interest rates.
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Stock market today: Asian markets follow Wall Street swings after Fed keeps interest rates high
Asian markets are wobbling in early trading after U.S. stocks swung to a mixed finish with the Federal Reserve delaying cuts to interest rates.
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Federal Reserve says interest rates will stay at two-decade high until inflation further cools
The Federal Reserve emphasized that inflation has remained stubbornly high and said it doesn’t plan to cut interest rates until it has “greater confidence†that price increases are slowing sustainably to its 2% target.
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Affluent Americans are driving US economy and likely delaying need for Fed rate cuts
Older Americans are fueling a sustained boost to the U.S. economy. Benefiting from outsize gains in the stock and housing markets over the past several years, they are accounting for a larger share of consumer spending — the principal driver of economic growth — than ever before.
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Surging auto insurance rates squeeze drivers, fuel inflation
Relentlessly rising auto insurance rates are squeezing car owners and stoking inflation. Auto insurance rates rose 2.6% in March and are up 22% from a year ago.
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JPMorgan’s Dimon hopes for soft landing for US economy but says stagflation is a possible scenario
JPMorgan CEO Jamie Dimon says he’s hopeful the Federal Reserve can bring down inflation without causing a recession but wouldn’t rule out more troubling possibilities, such as stagflation.
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Fed’s preferred inflation gauge shows price pressures stayed elevated last month
A measure of inflation closely tracked by the Federal Reserve remained uncomfortably high in March, likely reinforcing the Fed’s reluctance to cut interest rates anytime soon and underscoring a burden for President Joe Biden’s re-election bid.
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Stock market today: Alphabet and Microsoft help Wall Street clinch its best week in nearly 6 months
Alphabet and Microsoft led the U.S. stock market to its first winning week in the last four and its biggest weekly gain since November. The S&P 500 rose 1% Friday.
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Minneapolis smokers to pay some of the highest cigarette prices in US with a $15 per-pack minimum
Smokers in Minneapolis will pay some of the highest cigarette prices in the country after the City Council voted unanimously to impose a minimum retail price of $15 per pack to promote public health.
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Stock market today: Asian benchmarks mostly climb despite worries about US economy
Asian shares are mostly higher despite worries about the economic outlook and inflation in the U.S. and globally.
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Surging auto insurance rates squeeze drivers, fuel inflation
Relentlessly rising auto insurance rates are squeezing car owners and stoking inflation. Auto insurance rates rose 2.6% in March and are up 22% from a year ago.
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This week: economic growth, unemployment, inflation update
Economic gauge
The Commerce Department releases its initial estimate of first-quarter economic growth on Thursday.
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Average long-term US mortgage rate climbs above 7% to highest level since late November
Prospective homebuyers are facing higher costs to finance a home with the average long-term U.S. mortgage rate moving above 7% this week to its highest level in nearly five months.
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