All posts tagged "inflation"
Argentina Leader Meets with Unions over Salaries, Inflation
BUENOS AIRES, Argentina — Argentine president Mauricio Macri is meeting with powerful union leaders to discuss their growing demands for salary hikes amid one of the world’s highest inflation rates. The government has been offering salary hikes...
- Posted February 11, 2016
Yellen: Persistent Economic Weakness Could Slow Rate Hikes
WASHINGTON – Federal Reserve Chair Janet Yellen cautioned Wednesday that global weakness and falling financial markets could depress the U.S. economy’s growth and slow the pace of Fed interest rate hikes. But Yellen made clear that the...
- Posted February 10, 2016
US Consumer Spending Flat, Savings Rate at 3-year High
WASHINGTON – U.S. consumers kept their spending flat in December and instead boosted their savings rate to the highest level in three years. Consumer spending was unchanged in December after rising 0.5 percent in November, the Commerce...
- Posted February 1, 2016
Eurozone Inflation at 15-Month High, but Outlook still Weak
LONDON – Inflation across the 19-country eurozone doubled in January, but few economists think it represents a meaningful pick-up in the economy given subdued growth across much of the region, a renewed drop in oil prices and...
- Posted January 29, 2016
IMF: Venezuela Inflation to Surpass 700 Percent
CARACAS, Venezuela – The International Monetary Fund says Venezuela inflation will blow past 700 percent this year. In a note published Friday, IMF Western Hemisphere Director Alejandro Werner said inflation would more than double in the economically...
- Posted January 22, 2016
Draghi: ECB has ‘Plenty of Instruments’ to Boost Inflation
FRANKFURT, Germany – European Central Bank head Mario Draghi says the eurozone’s monetary authority has “plenty of instruments” available to boost inflation that’s too low. He added that the bank’s governing council has “the determination and the...
- Posted January 22, 2016
Brazil Economy Sheds 1.5 Million Payroll Jobs in 2015
SAO PAULO – Brazil’s labor ministry says the country lost 1.5 million payroll jobs in 2015 amid a contracting economy that has led to high inflation and layoffs in the manufacturing and service sectors. The ministry said...
- Posted January 21, 2016
Low Oil Complicates Struggle to Raise Eurozone Inflation
FRANKFURT, Germany – Low oil prices are complicating life for the European Central Bank in its struggle to push up worrisome low inflation in the 19 nations that use the euro currency. It was bad enough when...
- Posted January 20, 2016
Analysis: Iran Deals may not Herald Rapid Changes
DUBAI, United Arab Emirates – The lifting of crippling international sanctions linked to Iran’s nuclear program and the flurry of diplomacy that led to the release of Americans held by Tehran suggests a new era could be...
- Posted January 18, 2016
Venezuela President gets Rare Blast of Live TV Criticism
CARACAS, Venezuela – President Nicolas Maduro first declared an economic emergency due to “catastrophic” inflation and growth figures and then endured the indignity of a nationally televised scolding from the head of a newly empowered opposition Congress....
- Posted January 16, 2016