By Reuters
Deere CEO Samuel Allen. (AP/Deere)
Federal Reserve officials are correct to worry more about stimulating the U.S. economy than about inflationary price pressures bubbling in the fuel and food sectors, the chairman and chief executive of Deere & Co. said Tuesday.
In an interview, Samuel R. Allen said he worries about the strength of the U.S. recovery even though the farm equipment giant he leads is reaping the benefits of a global farming boom he expects to continue for years. Get the full story »
Friday at 5:39 a.m.
Filed under:
China,
Economy,
Food,
International
By Reuters
China and India both reported higher-than-expected inflation readings on Friday, giving fresh ammunition to central bankers and investors alike who are worried about mounting price pressures in the global economy. Get the full story »
Thursday at 11:36 a.m.
Filed under:
Economy,
Policy,
Politics,
Updated
By Reuters
The recent surge in oil prices is no prelude to broader price increases that would force the U.S. Federal Reserve to raise interest rates, two top Fed officials said on Thursday. Get the full story »
April 13 at 10:07 a.m.
Filed under:
Banking,
Investing
By Mary Ellen Podmolik
Fears of inflation and a spike in oil prices are causing institutional investment managers to become more risk-averse, according to a survey of institutional managers by Northern Trust Global Advisors. Get the full story »
March 25 at 7:38 a.m.
Filed under:
Economy,
Government
By Reuters
The U.S. economy grew more quickly than previously estimated in the fourth quarter as businesses maintained fairly solid spending and restocked shelves. Gross domestic product growth was revised up to an annualized rate of 3.1 percent, the Commerce Department said in its final estimate, close to its initial estimate of 3.2 percent. Get the full story »
March 18 at 6:16 a.m.
Filed under:
Banking,
Economy
By Associated Press
Inflation spooked the nation in the early 1980s. It surged and kept rising until it topped 13 percent. These days, inflation is much lower. Yet to many Americans, it feels worse now. And for a good reason: Their income has been even flatter than inflation.
Back in the ‘80’s, the money people made typically more than made up for high inflation. In 1981, banks would pay nearly 16 percent on a six-month CD. And workers typically got pay raises to match their higher living costs. No more. Get the full story »
March 17 at 7:50 a.m.
Filed under:
Consumer news,
Economy
By CNN
Food and energy prices are surging. Still, underlying inflation remains low, the government said Thursday. The U.S. Consumer Price Index, a key measure of inflation, increased 2.1 percent during the past 12 months ending in February, up from 1.6 percent in January, the Bureau of Labor Statistics said Thursday. Get the full story »
March 4 at 12:04 p.m.
Filed under:
Economy,
Jobs/employment
By CNN
With crude oil at more than $100 a barrel and gold hovering near a record high, many are clearly worried about inflation.
But Friday’s jobs report featured some encouraging news on the inflation front — in the most classic economic textbook sense, it isn’t showing up in the broader economy yet. Get the full story »
Feb. 17 at 7:45 a.m.
Filed under:
Consumer news
By Reuters
Prices are still going up on food and gas, but underlying inflation remains low, the government said Thursday. The U.S. Consumer Price Index, a key measure of inflation, increased 1.6 percent over the past 12 months ending in January, up from 1.5 percent in December, the Bureau of Labor Statistics said. Get the full story »
Jan. 14 at 7:45 a.m.
Filed under:
Consumer news,
Economy
By Sandra M. Jones
Chicagoans faced less price inflation than the nation as a whole last month.
The consumer price index in the Chicago region rose 0.3 percent in December as the cost of gas and food increased, the Labor Department said Friday. The national rate was 0.5 percent, the largest gain in 18 months. Get the full story »
Jan. 11 at 9:38 a.m.
Filed under:
Economy
By Sandra M. Jones
The Conference Board’s measure of CEO confidence bounced back in the final quarter of 2010 with more than half of chief executives anticipating improving economic conditions in the next six months.
The CEO confidence measure jumped to 62 in the fourth quarter, after falling in the third quarter to 50. A reading of more than 50 points reflects more positive responses than negative responses. Get the full story »
Jan. 10 at 10:27 a.m.
Filed under:
Economy,
Food,
International
By Reuters
Rising food prices are stoking global inflation with many agricultural commodity markets on the rise, driven by adverse weather in key producing countries, a senior trader at JPMorgan said on Monday. Get the full story »
Dec. 23, 2010 at 8:50 a.m.
Filed under:
Consumer news,
Economy,
Retail,
Updated
By Reuters
An employee at a store in New York, Dec. 6, 2010. (Spencer Platt/Getty Images)
New U.S. claims for jobless benefits dipped last week and consumer spending increased in November for a fifth straight month, reinforcing views of a solid economic growth pace in the fourth quarter.
Initial claims fell 3,000 to a seasonally adjusted 420,000, the Labor Department said on Thursday, matching economists’ expectations.
A separate report from the Commerce Department showed spending rose 0.4 percent after increasing by an upwardly revised 0.7 percent in October. Get the full story »
Dec. 15, 2010 at 7:47 a.m.
Filed under:
Economy
By Associated Press
U.S. consumer prices rose slightly less than in November, while prices excluding food and energy edged up for the first time since July, according to a report on Wednesday that implied virtually no inflation pressures amid an anemic recovery. Get the full story »
By Associated Press
Commodity prices are sinking amid concerns about inflation in China and European talks about bailing out Ireland.
Some of the steepest declines came Tuesday in agriculture products and industrial metals. Traders are concerned that demand may diminish because of the developments in other countries.
