INFLATION

June housing starts up 2.3 pct, permits plummet

IBTimes Logo
The pace of home construction rose 2.3 percent in June but building permit activity, a sign of future construction plans, sank to its lowest rate in 10 years, signaling further weakness in the listless housing market.
IBTimes Logo

Consumer prices edge up on food costs

Consumer prices rose by a slightly bigger-than-expected 0.2 percent in June on higher food costs and they were up by the same amount after stripping out volatile food and energy prices, the Labor Department reported on Wednesday.
More news
IBTimes Logo

Dollar falls broadly, hits new lows vs high yielders

The dollar weakened against major currencies on Monday, plumbing fresh multi-year depths against higher-yielding units as bearish sentiment toward the greenback and the outlook for U.S. interest rates gripped markets.
IBTimes Logo

Retail slump in June hints at tired U.S. consumer

U.S. retail sales posted their biggest monthly decline in nearly two years during June, according to government data issued on Friday, indicating the housing market slump and soaring gasoline prices are depressing consumer spending.
IBTimes Logo

Bernanke: estimates mute price swings

Swings in volatile energy and food prices will have minimal impact on inflation as long as expectations of future price gains are held steady, Federal Reserve Chairman Ben Bernanke said on Tuesday.
IBTimes Logo

Strong jobs growth bodes well for economy

Employers added 132,000 jobs in June and payrolls rose more strongly than previously thought in April and May, according to a Labor Department report that underlined a strengthening job market.
IBTimes Logo

Fed policy on target, inflation to ebb-Yellen

Current U.S. interest rate policy should promote a further drop in inflation although risks are still skewed toward higher prices, San Francisco Federal Reserve President Janet Yellen said on Thursday.
IBTimes Logo

Zimbabwe bans bulk buying as shops run empty

Zimbabwe authorities ordered businesses on Thursday to stop selling basic goods in bulk to avert shortages after an official price freeze triggered a frenzied buying spree that has emptied most shop shelves.
IBTimes Logo

Data Reinforce Expectations for Higher UK Rates

British house price inflation remained in double-digits in June and prices in the service sector accelerated, according to two separate surveys on Wednesday that reinforced expectations interest rates would go up this week.
IBTimes Logo

Gold jumps on dollar slump, security worries

Security concerns and a sharp drop in the dollar helped gold hit its highest level in nearly two weeks on Monday, but investors were expected to trade cautiously ahead of the U.S. Independence Day holiday.
IBTimes Logo

Security concerns weigh on European shares, aid bonds

Investors sold European stocks and bought government bonds and gold as trading got underway for the second half of 2007 on Monday, driven by security concerns after weekend bomb plots in Britain and higher oil prices.
IBTimes Logo

Yen, European stocks fall

The yen faced fresh losses on Friday, while bonds were flat as investors put this week's wave of risk aversion behind them, comforted by a relatively neutral statement from the Federal Reserve.
IBTimes Logo

Stocks set to fall post Fed, price data looms

Stock futures eased on Friday suggesting a fall on Wall Street after the Federal Reserve kept interest rates unchanged on Thursday but flagged persistent price pressures, reducing the chances of a rate cut.
IBTimes Logo

Dollar up vs yen after Fed but flat vs Europe

The dollar strengthened against the low-yielding yen on Friday after the Federal Reserve reiterated its concern over persistent price pressures, suggesting little chance of an interest rate cut soon.
IBTimes Logo

U.S. growth slows to 4-year low in first quarter

The U.S. economy grew slightly faster than previously estimated in the first quarter, but still at the weakest pace in more than four years and inflation was higher as well, data on Thursday showed.
IBTimes Logo

Gold bounces from 3-mth low, awaits Fed meet outcome

Gold steadied on Thursday after hitting three-month lows the previous day, but analysts were waiting for the outcome of a two-day Federal Reserve meeting that should steer financial markets in the short term.
IBTimes Logo

What the Fed will be considering

Financial markets expect the U.S. Federal Reserve to announce on Thursday it has kept benchmark borrowing costs unchanged for the eighth straight meeting, marking a full year since the last increase.

Pages

IBT Spotlight

We Help Businesses Find B2B Service Providers They Can Trust.