INFLATION

A recent Barron's article predicted that oil prices could top $150 next year and if this becomes true it could wreak havoc on the global economy with a devastating impact.

China's central bank increased interest rates for the third time this year on Wednesday, making clear that taming inflation is a top priority even when as the economy slows gently.

Asian stocks steadied near one-month highs on Tuesday as market players took a breather after five consecutive days of gains while the Australian dollar dipped ahead of a policy meeting of the country's central bank where it may signal a dovish stance.

Asian stocks were steady near one-month highs on Tuesday as market players took a breather after five consecutive days of gains while the Australian dollar slipped ahead of a policy meeting of the country's central bank.

Since June 15, there has been a significant rise in Treasury yields. Below we present several reasons for the spike and why we think that interest rates will continue to move higher.

China's central bank pledged on Monday to keep its prudent policy to wrestle inflation under control, but signaled some concerns over slowing growth by stressing policy stability.

The European Central Bank signaled it would raise interest rates again next week as data showed inflation in June stabilized well above the bank's target.

In our view, inflation is on the verge of becoming a significant concern for the global economy

General Mills Inc forecast weaker fiscal-year earnings than Wall Street expected as higher ingredient and fuel costs hammer the food company.

General Mills Inc forecast weaker fiscal-year earnings than Wall Street expected as higher ingredient and fuel costs hammer the food company.

U.S. single-family home prices dipped modestly in April, pointing to signs of stabilization in the battered housing market at the start of the spring buying season, a closely watched survey said on Tuesday.

Gold is trading at $1,500, an important psychological level and near the all-time nominal high. Whether or not gold will go to new heights largely depends on monetary policy, according to some experts.

U.S. consumer spending failed to rise in May, breaking 10 straight months of gains, as households struggled with rising prices and automakers could not deliver some popular models due to fallout from Japan's earthquake.

U.S. consumer spending was unchanged in May for the first time in almost a year, likely reflecting a plunge in auto sales, according to a government report on Monday, that also showed a build-up in underlying inflation pressures.

Chinese Premier Wen Jiabao signaled for the first time that China would struggle to meet its 4 percent inflation target this year, underlining expectations that interest rates will rise further even as economic growth slows down.

Consumer spending was unchanged in May for the first time in almost a year, likely reflecting a plunge in auto sales, according to a government report on Monday, that also showed a build-up in underlying inflation pressures.

Inflation in emerging markets could reach double digits, while economic growth this year will average 6 percent, according to Franklin Templeton's veteran emerging markets investor Mark Mobius.

Premier Wen Jiabao signaled for the first time that China would struggle to meet its 4 percent inflation target this year.

Global interest rates must rise to avoid high inflation becoming entrenched, the Bank for International Settlements said on Sunday.

Coca-Cola company announces price increase.

China Premier Wen Jiabao sounded his most upbeat note this year on Beijing's fight against inflation, saying he expects price pressures to decline steadily even as the country keeps up its brisk economic growth.