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Fed’s Powell says high inflation temporary, will ‘abate’

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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

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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...

UK inflation up more than expected amid COVID fluctuations

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LONDON — British consumer prices rose by more than expected last month as fuel and clothing costs surged following the easing of COVID-19 restrictions. ...

White House: Markets showing little worry about inflation

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The White House believes it has an ally in the bond markets to make the case that inflation isn't an economic threat. ...

This Week: Consumer credit, GameStop earns, consumer prices

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A look at some of the key business events and economic indicators upcoming this week: ...

US economy: Plenty of growth, not enough workers or supplies

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WASHINGTON — The U.S. economy is sparking confusion and whiplash almost as fast as it’s adding jobs. ...

Yellen says economic recovery likely to be ‘bumpy’

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WASHINGTON — Treasury Secretary Janet Yellen says that the economic recovery is going to be “bumpy” with high inflation readings likely to last through...

UK inflation spikes as retailers respond to lockdown easing

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LONDON — Britain’s inflation rate more than doubled in April as energy prices soared and clothing retailers hiked prices as the country's coronavirus lockdown...

WH memo sees economic strength where critics see fragility

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WASHINGTON — White House officials are seeking to quell anxiety about inflation and the pace of hiring — issuing a memo Tuesday that highlights...

Rising commodities costs hit Americans at home and on road

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NEW YORK — Rising prices for a variety of commodities are contributing to a jump in prices at the consumer level, with Americans paying...