Higher food, rent costs boost U.S. consumer inflation
Consumer prices in the U.S. ticked upward this March, climbing more than expected as Americans paid slightly more for food and rental housing. The hike suggests improving consumer demand, and may alleviate concerns among some Federal Reserve officials…
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Stagnant wages imperil financial security
Wages in the U.S. have been largely stagnant over the past 45 years, but during the same time span consumer prices have risen dramatically. Hari Sreenivasan discusses this trend and its effect on poverty with Bloomberg BusinessWeek reporter, Roben Farzad.
Consumer Prices Go Unchanged in July
The cost of living in the United States went unchanged in July, easing concerns among many experts that economic recovery will be hampered by rising inflation.
Federal Reserve Cuts Key Rate to Record Low
The Federal Reserve cut a key interest rate to an all-time low target range of zero to 0.25 percent Tuesday in an effort to fight the deepening recession.
As the world's industrialized nations continued to roll out more plans to bolster flagging economies, European leaders called for a review of the global financial system.
The Labor Department reported a 0.8 percent rise in consumer prices in July -- double the expected rate -- sending inflation on its fastest annual pace in 17 years.
The Labor Department reported Wednesday that consumer prices jumped 1.1 percent in June, marking the fastest rise in more than a quarter century and fueling further concerns over inflation levels in the jittery U.S. economy.
The overall Consumer Price Index rose 0.2 percent in April, the Labor Department announced Wednesday, a smaller-than-expected rise despite the highest jump in food prices in 18 years.
Inflation jumped by a bigger-than-expected amount in January, with large increases in the cost of food and health care, the government reported Wednesday.
