June 7, 1998
Paul and Sarah Edwards ["Raise Your Fees, Not Your Fears," Working From Home, June 4] write that it's "customary" and OK to adjust your fees 5% each and every year. Get real, guys. If everyone starts raising their prices 5% every year, we'll soon be back into spiraling inflation. (Trying to bring back 1974, are you?) No one should just be raising their fees (or product prices) for no particular reason. Let's all enjoy this period of low inflation and work to keep all prices down.
March 10, 1999 |
Mexico's inflation rate slowed in February, paving the way for declining interest rates and a new push for a consumer-driven economic expansion. The February rate of 1.34%, the slowest rate in the past six months, came in lower than a forecast of 1.4% in a Bloomberg News survey and easily beat January's 2.53% inflation rate. Keeping inflation under control is crucial to Mexico's goal of expanding its economy 3% this year. Morgan Stanley Dean Witter & Co.
February 24, 2005 |
Federal Reserve officials recently discussed the pros and cons of creating a numerical target for inflation but opted to defer further talks amid a diversity of opinion. "Meeting participants uniformly agreed that price stability provided the best environment for maximizing sustainable economic growth in the long run, but expressed a range of views on whether it would be helpful ... to articulate a specific numerical definition," the central bank said in minutes released Wednesday of its Feb.
February 10, 2011 |
Federal Reserve Chairman Ben S. Bernanke defended the central bank's continued efforts to stimulate the economy, even as he acknowledged a strengthening recovery and gave a slightly more upbeat assessment of the nation's employment situation. In his first appearance before the House Budget Committee since Republicans took control, Bernanke on Wednesday downplayed the threat of inflation in the U.S., despite sharply higher oil and food prices that have pinched emerging economies such as China's and contributed to the wave of protests in the Middle East.
January 20, 2000 |
The Bank of Mexico implemented a strict anti-inflation policy that would bring it in line with the United States, Canada and European countries by 2003. But the bank stopped short of imposing yearly goals, wary of tying down the new government that will be elected in July and will take office at the end of the year. The plan also introduces quarterly inflation reports to assess its success at keeping inflation low with a restrictive monetary policy.
August 16, 1989 |
The price of oil, that inflationary terror of the 1970s, has declined for most of this decade and increases in food prices and wages in the 1980s have been relatively modest, if steady. Yet inflation still casts a big and controversial shadow on the economy--and may ultimately be curbed only by a recession. Nobody seems to know what's really happening.
April 12, 2007 |
Federal Reserve policymakers were unanimous in the view last month that inflation, not economic weakness, was their major worry. Minutes of their private discussions released Wednesday showed that Fed Chairman Ben S. Bernanke and his colleagues even discussed the possibility that future increases in interest rates might be needed to combat inflation. The Fed kept rates unchanged at the conclusion of their discussions March 21.
CALIFORNIA | LOCAL
May 22, 1987
The Feldsteins' column about the unemployment rate and its bearings on inflation missed one vital point. The Feldsteins refer over and over again to the Reagan Administration's erroneous and shrewdly manipulated figure of a 6.5% unemployment rate. Someone should tell the Feldsteins that never before in our history has any other administration until the Reagan Administration counted the part-time workers into the tally of the employed to arrive at a rate of unemployment. Deduct the 20 million part-time workers from the employed rolls and the unemployment rate would be 8.5% to 10.5%.
February 2, 1991 |
Like two alcoholics on the wagon, Brazil and Argentina seemed to be overcoming their common affliction: inflation. And who knows, cured of inflation, maybe they could soon be marching steadily side by side toward their shared goal of full economic development. But once again, South America's two biggest economies are in serious trouble as official anti-inflation programs lose credibility and authorities take emergency measures against relapsing into economic instability.
May 10, 1999 |
As several key inflation-wary reports are released this week, analysts are forecasting that rising energy prices don't threaten to accelerate U.S. inflation because they are being countered by lower prices for other items from clothes to autos. Confirmation should come when the Labor Department reports the producer price index for April on Thursday and the consumer price index on Friday. The PPI probably increased by 0.5% and the CPI 0.4%, analysts predict.