Tag: Prices
Fed’s Powell says high inflation temporary, will ‘abate’
WASHINGTON — Federal Reserve Chair Jerome Powell said Tuesday that he expects recent price spikes will soon subside and reduce inflation to a sustainable...
Inflation ahead? Even a top economist says it’s complicated
WASHINGTON — Two months of sharply rising prices have raised concerns that record-high government financial aid and the Federal Reserve’s ultra-low interest rate policies...
Paid in full? Biden, GOP struggle over infrastructure costs
WASHINGTON — Congressional negotiators and the White House appear open to striking a roughly $1 trillion deal on infrastructure. But they are struggling with...
Republicans point to inflation in bid to retake Congress
WASHINGTON — Gas prices have whizzed past $3 per gallon in much of the nation. The cost of used cars and new furniture, airline...
Biden objects to raising gas tax to pay for infrastructure
WASHINGTON — The White House made clear Friday that President Joe Biden was opposed to letting the federal gasoline tax rise at the rate...
Turkey’s central bank keeps interest rate unchanged at 19%
ISTANBUL — Turkey’s central bank left its key benchmark interest rate unchanged at 19% on Thursday.
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US average mortgage rates mostly lower; 30-year at 2.93%
WASHINGTON — Mortgage rates were mostly lower this week as the economy continued to show signs of recovery from the pandemic recession and recent...
White House: Markets showing little worry about inflation
The White House believes it has an ally in the bond markets to make the case that inflation isn't an economic threat.
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UK inflation up more than expected amid COVID fluctuations
LONDON — British consumer prices rose by more than expected last month as fuel and clothing costs surged following the easing of COVID-19 restrictions.
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Yellen: administration is watching inflation closely
WASHINGTON — Treasury Secretary Janet Yellen assured Congress that the recent jump in inflation is being monitored very carefully by the Biden administration, but...
