December 13, 2013 |
WASHINGTON -- Wholesale prices dropped in November for the third straight month, indicating that inflation remains in check as Federal Reserve officials consider reducing a key stimulus program. The Labor Department said Friday that its producer price index fell 0.1% from the previous month. The decline, which was in line with analyst expectations, was driven by a 0.4% drop in the price index for energy. November's drop in wholesale prices followed a 0.2% decline in October and 0.1% in September.
February 21, 2013 |
WASHINGTON -- Despite worry in some corners about the Federal Reserve's stimulus efforts stoking inflation, there continues to be little indication that consumer prices are heading higher. The consumer price index was flat in January for the second month in a row, the Bureau of Labor Statistics reported Thursday. A drop in gas prices and a halt to recent gains in food prices held down the overall index. Compared with a year ago, the consumer price measure for January was up a mild 1.6%.
January 30, 2013 |
In 2007, the government of Argentina fired Graciela Bevacqua and other statisticians who were collecting its price statistics and inflation estimates. Since that time, large and disturbing - even shocking - discrepancies have developed between the official inflation estimates (roughly 10% a year) and privately generated estimates announced by Bevacqua and others (roughly 25% a year). Why would the Argentine government take such drastic action? In late 2001, Argentina defaulted on its bonds, and it has refused to negotiate with its creditors.
December 12, 2012 |
WASHINGTON -- The Federal Reserve, maintaining its aggressive efforts to stimulate a slow-growing economy burdened by high unemployment, said it would continue its large-scale bond-buying programs in the new year and, for the first time, announced explicit unemployment- and inflation-rate targets for when the central bank would raise interest rates. Top Fed policymakers, at the end of their last meeting of the year Wednesday, left short-term interest rates near zero and said they were now likely to keep them there until the jobless rate fell to 6.5% or lower and the medium-term outlook for inflation exceeded 2.5%.
May 10, 2012 |
BEIJING - Inflation in China moderated last month in another sign that the world's second-largest economy is cooling. Consumer prices grew 3.4% from a year earlier, China's National Bureau of Statistics said Friday. That's down from 3.6% year-over-year growth in March. “We think the inflation outlook for this year is benign,” analysts at IHS Global Insight in Beijing told clients in a research note Friday. The data release comes a day after China reported surprisingly weak trade numbers for April.
April 25, 2012 |
WASHINGTON - The Federal Reserve upgraded its outlook for the economy, predicting the unemployment rate would fall to as low as 7.8% in the fourth quarter - a drop that could have a significant effect on the presidential election. Just three months ago, most Fed policymakers expected the nation's jobless figure to be 8.2%, its current rate, or higher in the last three months of the year. The improved outlook, issued Wednesday at the end of a two-day Fed meeting, reflects a sharper-than-expected drop in unemployment in recent months and projections for slightly faster economic growth this year, including some improvement in the downtrodden housing market.