The Maslak financial and business center in Istanbul’s Sariyer district. Ayhan Altun | moment | Getty Images Annual consumer price inflation in Turkey rose to 67.07% in February, the Turkish statistics office said on Monday, exceeding expectations. Analysts polled by Reuters had expected annual inflation to rise to 65.7% last month. According to the statistical…
A seller prepares a bag of sweets for a customer at the Mazzone Sicilian pastry shop in Catania, Italy, on February 2, 2024. Fabrizio Villa | Getty Images News | Getty Images Inflation in the 20-nation euro zone fell to 2.6% in February, flash figures showed on Friday, but both the headline and core numbers…
Inflation rose as expected in January, according to a key indicator the Federal Reserve uses in its rate-cutting deliberations. The price index of personal consumption expenditures, excluding food and energy costs, rose 0.4% for the month and 2.8% from a year earlier, in line with Dow Jones consensus estimates. Monthly growth was just 0.1% in…
Job growth, wage growth and business growth are all buoyant, and inflation has fallen sharply from its 2022 highs. Although consumer sentiment is improving, it is still poor. One reason could be sticker shock due to some clearly visible prices – even as overall inflation has calmed down. An important example is the cost of…
An independent federal agency has emerged as one of the most reliable enforcers of President Biden’s attempts to combat inflation at a time when the White House has few weapons of its own to quickly drive down stubbornly high prices for consumer staples like food reduce. The Federal Trade Commission filed a lawsuit Monday along…
Christopher Waller, Gouverneur der US-Notenbank, während einer Fed Listens-Veranstaltung in Washington, DC, am Freitag, 23. September 2022. Al Drago | Bloomberg | Getty Images Der Gouverneur der US-Notenbank, Christopher Waller, sagte am Donnerstag, er müsse weitere Beweise dafür sehen, dass sich die Inflation abkühle, bevor er bereit sei, Zinssenkungen zu unterstützen. In einer politischen Rede…
Federal Reserve officials welcomed a recent slowdown in inflation at their last meeting in late January but wanted to tread cautiously as they move toward rate cuts, according to minutes from that meeting released Wednesday. Central bankers raised interest rates sharply from March 2022 to July 2023, pushing them from a base near zero to…
Customers shop at a Costco wholesale store in Miami on December 15, 2023. Joe Raedle | Getty Images News | Getty Images Wholesale prices rose more than expected in January, according to a U.S. Labor Department report Friday, further complicating the inflation picture. The producer price index, a measure of the prices received by producers…
