The director of economic policy at Brazil's central bank stepped down on Wednesday, kicking off a shuffle of the bank's board that could also include its president, Henrique Meirelles. Mario Mesquita, one of the strongest advocates of the central bank's inflation-targeting regime, left for personal reasons, the bank said in a statement. His departure had been rumored for months and was widely expected.
Zimbabwe is a nation with lots of diamonds and minerals but is one of the poorest in the world. Its inflation rate is almost 1,00,000 per cent. And in Zimbabwe, there is a place called Chiadzwa, which is known for its massive diamond deposits that can be dug out with simple tools only a few feet below the ground.
Consumer confidence rebounded in March, while home prices rose in January for the eighth straight month according to a closely watched housing index, bolstering hopes for a sustainable economic recovery. The data on Tuesday came a day after news of further gains in consumer spending as Americans feel more confident about the economy. Consumer participation is critical for the durability of the recovery that started in the second half of 2009.
Consumer confidence rebounded in March, while home prices rose in January for the eighth straight month according to a closely watched housing index, bolstering hopes for a sustainable economic recovery.
Sustained inflation has rised the denomination values of US coins over the years, according to National Inflation Association which has launched 'Coin Melt Values' as a new feature in its website http://inflation.us/coins. It is updated daily with the latest melt values of U.S. coins that are currently in circulation or were previously in circulation. The purpose of NIA's new feature is to demonstrate how over time, inflation makes U.S. coins worth more than their denomination values, a NIA pres...
The Federal Reserve's monetary policy is still appropriate because of high unemployment and minimal inflationary pressures in the United States, a Fed policymaker said on Tuesday.
U.S. unemployment remains a cause for concern, a top U.S. Federal Reserve official said, adding that inflationary concerns are minimal.
Central bankers can continue to ease monetary policy even when interest rates are at zero, and should do so if they sense the threat of deflation, a member of the European Central Bank's Governing Council said on Saturday.
Central bankers can continue to ease monetary policy even when interest rates are at zero, and should do so if they sense the threat of deflation, a member of the European Central Bank's Governing Council said on Saturday.
A bumpy U.S. recovery and subdued inflation warrant the central bank's promise to keep benchmark interest rates low for an extended period, a senior Federal Reserve official said on Thursday.
A bumpy U.S. recovery and subdued inflation warrant the Federal Reserve's promise to keep benchmark interest rates low for an extended period, a senior Federal Reserve official said on Thursday.
A senior Chinese central banker on Thursday played down the need for an imminent rise in borrowing costs to keep a balance between growth and inflation in the world's third-largest economy.
The Federal Reserve has not been clear enough about how it intends to unwind its unprecedented monetary easing campaign, and some of the tools it expects to use may not work, monetary experts will tell Congress on Thursday.
Central bankers should base policy on simple rules related to inflation and economic growth and not rely on hazy measures of economic slack in order to stay ahead of the curve, a senior U.S. Federal Reserve official said on Tuesday.
China's 2010 inflation goal of 3 percent is tough but achievable, with good grain supplies and excess capacity helping keep prices down, while growth should hit 8 or 9 percent, senior government advisers told a conference on Saturday.
Labor market and consumer prices data on Thursday showed the U.S. economy is on a moderate growth path and inflation pressures are contained, backing up the Federal Reserve's vow to keep benchmark interest rates ultra-low for some time.
The Philly Fed manufacturing report confirms that the labor market is stabilizing, although it also reports nascent inflationary pressures for manufacturers.
New applications for U.S. jobless benefits fell last week and factory activity in the Mid-Atlantic region accelerated in March, suggesting the economy remained on a modest recovery path.
The U.S. stock market is trading flat as Thursday's unemployment and inflation data offered little surprise.
Consumer prices were unexpectedly unchanged in February as a drop in energy costs was offset by higher food and medical care costs, a government report showed on Thursday, backing up the Federal Reserve's commitment to ultra low interest rates.
The number of workers filing new applications for unemployment benefits fell less than expected last week, while consumer prices were unchanged in February on lower energy prices.
Wall Street was set for a flat open on Thursday, one day after the Dow pushed to a 17-month high, as data showed consumer prices were unchanged in February and the number of new applications for jobless benefits fell slightly less than expected last week.
