Stubbornly high rents and food prices boost US inflation in August

The consumer price index increases by 0.1% in August Rents, food and health care explain the rise in the CPI Core CPI jumped 0.6%; increased 6.3% year-over-year WASHINGTON, Sept 13 (Reuters) – U.S. consumer prices rose unexpectedly in August and core inflation accelerated amid rising rent and health care costs, giving the Federal Reserve ammunition … Read more

Central banks will not be able to control inflation without better fiscal policy, study finds

The exterior of the Marriner S. Eccles Federal Reserve Board Building is seen in Washington, DC, U.S., June 14, 2022. REUTERS/Sarah Silbiger/File Photo Join now for FREE unlimited access to Reuters.com Register JACKSON HOLE, Wyo., Aug 27 (Reuters) – Central banks will fail to control inflation and could even push price growth higher unless governments … Read more

Lower gasoline prices are dampening consumer spending in the United States; monthly inflation slows down sharply

Consumer spending increases by 0.1% in July The decline in gas stations explains the slight increase The Core PCE price index edged up 0.1%; up 4.6 year-over-year WASHINGTON, Aug 26 (Reuters) – U.S. consumer spending barely rose in July as falling gasoline prices hurt sales at gas stations, but monthly inflation slowed sharply, which could … Read more

Fed minutes show more rate hikes in the pipeline, but pace could slow

The Federal Reserve Board building on Constitution Avenue is pictured in Washington, U.S., March 27, 2019. REUTERS/Brendan McDermid/File Photo Register now for FREE unlimited access to Reuters.com Register WASHINGTON, Aug 17 (Reuters) – Federal Reserve officials saw “little evidence” late last month that U.S. inflation pressures were easing, and steeled themselves to force the economy … Read more

US housing starts near year-and-a-half low; factory production rebounds

Housing starts fell by 9.6%; building permits fall by 1.3% Single-family housing starts fall by 10.1%; permits down 4.3% The housing construction order book increases by 5.0% Manufacturing production rebounds by 0.7% WASHINGTON, Aug 16 (Reuters) – U.S. home construction fell to its lowest level in nearly a year and a half in July, weighed … Read more

China unexpectedly cuts 2 key rates and withdraws money from the banking system

The headquarters of the People’s Bank of China (PBOC), the central bank, is pictured in Beijing, China September 28, 2018. REUTERS/Jason Lee Join now for FREE unlimited access to Reuters.com Register SHANGHAI, Aug 15 (Reuters) – China’s central bank unexpectedly cut a key interest rate for the second time this year and withdrew liquidity from … Read more

China’s exports gain steam but outlook cloudy as global growth cools

China July exports grow at faster pace, beat forecast Imports again disappoint, highlighting weak domestic demand Trade balance hit record high in July Weak foreign demand adds stress to trade, economic outlook BEIJING, Aug 7 (Reuters) – China’s export growth unexpectedly picked up speed in July, offering an encouraging boost to the economy as its … Read more

Chinese factory activity unexpectedly contracts in July as COVID flares up

Employees work on the vehicle component production line during a government-organized media tour at a factory of German engineering group Voith, following the coronavirus disease (COVID-19) outbreak, in Shanghai, China July 21, 2022. REUTERS/Aly Song Join now for FREE unlimited access to Reuters.com Register China July official manufacturing PMI lower than expected July official services … Read more