INFLATION

Investors cut their cash holdings for the first time in eight weeks in the week to Wednesday, while shedding equities and gold, according to a report from BofA Global Research on Friday.

Federal Reserve Bank of Philadelphia President Patrick Harker said Thursday the U.S.

The dollar was on the back foot on Thursday after cooler-than-anticipated U.S.

Home prices reportedly lagged inflation by 2.5% between July 2022 and January 2023.

High-technology stocks and cryptocurrencies are rallying like they did in March 2020, but analysts and investors are uncertain how long it will last.

Consumer price inflation in Pakistan jumped to a record 35.37% in March from a year earlier, the statistics bureau said on Saturday, as at least 16 people were killed in stampedes for food aid.

Wall Street's main indexes climbed on Thursday as fears of a banking crisis eased, with rate-sensitive realty and technology stocks leading gains ahead of key inflation data that could shape the Federal Reserve's policy path.

Inflation has changed McDonald's image, turning it into a popular dining place for the young, middle and older generations.

U.S. motorists face a repeat of last summer's high gasoline prices, analysts warned on Wednesday, with fuel stockpiles heading towards multi-year lows ahead of the peak summer driving season that begins in two months.

The Federal Reserve has raised rates eight times since last year in the face of decades-high inflation as it looks to cool the economy without tipping it into a recession.

These days, Wall Street headlines on the U.S. economy are all inflation numbers, substantial job gains, robust retail sales, and persistent income and consumer spending growth.

With prices still high and not likely to come down, and interest rates also likely to climb because of inflation, some consumers could soon be pushed to their financial breaking points, experts warn.

U.S. Treasury Secretary Janet Yellen told Reuters on Saturday that new U.S. data showing inflation jumped unexpectedly in January signals that the fight against inflation "is not a straight line" and more work is needed.

As layoffs sweep through multiple business sectors, these CEOs are foregoing bonuses and slashing salaries in an attempt of solidarity with workers.

Federal Reserve Bank of Cleveland leader Loretta Mester said Friday she wasn't surprised by the latest round of strong U.S. inflation data, which she saw as another reminder the central bank still needs to raise rates further to reduce the pressures that are pushing prices higher.

January's inflation report sent ripples down the stock market Friday, as the key index measured to gauge the economy showed there is still work to be done.

The consumer price index rose by 7.5% in January from last year, making it the fastest increase since February 1892.

With inflation once again growing, struggling families are going to continue feeling the pinch at the grocery store and the gas station, as well as in several other areas of their lives—with no long-term relief seemingly in sight.

Two Federal Reserve officials on Friday added to a chorus of U.S. central bankers this week in signaling that interest rates will need to go higher in order to successfully quash inflation, although one guarded against inferring too much from recent unexpectedly-strong economic data.

Inflation rose ever so slightly to begin 2023, the latest indicator that high prices for housing and energy remain a ways away from dissipating.

The retail store collected about 3,500 pieces of onions during their one-day campaign, encouraging Filipinos to buy items using the vegetable.