Inflation News
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Fed lowers rates but sees slower pace of further cuts, firmer inflation
The US central bank lowered interest rates by a quarter-percentage point on Wednesday (Dec 18), but Federal Reserve Chair Jerome...
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Singapore core inflation up for second straight month
Singapore's core inflation rose to 2.8 per cent year-on-year in September, increasing for the second consecutive month. The increase in...
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Yen Slips, Markets Brace for Us Inflation Data
The yen extended its slow decline against the dollar in trading thinned by a Japanese holiday on Monday, with market...
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Price of sports goods & services: sharp increase in 2022
Inflation accelerated remarkably across the EU in 2022. Sports goods and services were no exception.In 2022, the annual rate of...
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US consumer spending dips for second straight month as inflation cools
A key measurement for US inflation released on Friday showed that prices continued to cool in December as consumer spending...
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British PM Sunak says he is open to discussing pay rises for nurses
British Prime Minister Rishi Sunak said on Sunday he was willing to discuss pay rises for nurses ahead of a...
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Inflation: Why food prices matter for the US midterm elections
As elections approach in November and wages fail to keep pace, shoppers are feeling the pain. So when will it...
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Pacific rim economies in doldrums, sapped by inflation, war
Economies in the Asia-Pacific are forecast to hit the doldrums this year as decades-high inflation and the war in Ukraine...
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Biggest rate hike in years expected as Fed tackles inflation
The Federal Reserve is expected Wednesday to announce its largest interest rate hike since 1994 - a bigger increase than...
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Inflation takes a toll on retailers as costs rise steeply
For all that the slump in technology stocks has headlined a treacherous year for global equity markets, there is one...
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Inflation divide: The wealthy splurge, the poorest pull back
Americans at the low end of the income rung are once again struggling to make ends meet. A confluence of...
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UK inflation rises to highest level in three decades
Britain's inflation rate surged to a three-decade high on Wednesday, rising to 5.4 per cent in December from a year...
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Elon Musk's wealth drops $15bn as tech stocks plunge
The richest US tech moguls lost tens of billions in collective wealth as technology stocks tumbled amid fears of inflation...
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US Fed chief says Omicron poses ‘downside risks’
Federal Reserve Chair Jerome Powell, in his first public remarks on the omicron variant of the coronavirus, said it poses...
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U.S. retailers cheery about holiday season despite inflation
After nearly two years of pandemic gloom, American consumers appear primed to spend generously for the holidays in spite of...