Tag: inflation
Inspector General Says It Underestimated COVID Stimmy Fraud by $29.6 Billion
A new Memorandum released by the Office of Inspector General (OIG) for the U.S. Department of Labor states...
Japan’s Inflation Levels Hit 8-year High, Staying Above BOJ’s Target
TOKYO — Japan's core consumer inflation quickened to 2.8 percent in August, hitting its fastest annual...
Hot Core: Canada May Need a Recession to Cool Down Inflation
The underlying pressures driving inflation in Canada are likely to peak in the fourth quarter of this...
Army Tells Soldiers to Use Food Stamps as Inflation Derails Middle Class
The United States Army has advised soldiers who are struggling to make ends meet on their current salary...
IMF’s Georgieva Says Central Bankers Must Be ‘Stubborn’ in Fighting Inflation
WASHINGTON — Central bankers must be persistent in fighting broad-based inflation, International Monetary...
Stubbornly High Rents, Food Prices Boost US Inflation in August
U.S. consumer prices unexpectedly rose in August and underlying inflation accelerated amid rising costs...
Wall Street Tumbles to Biggest Loss in Two Years Following CPI Data
A broad sell-off sent U.S. stocks reeling on Tuesday after a hotter-than-expected inflation report dashed...
Wells Fargo CFO Says There Will Be Stress as Economy Slows
Wells Fargo & Co is seeing loan growth moderating after strong growth so far this year and witnessing...
Bank of England to Raise Rates to Counteract Inflation: Poll
LONDON — The Bank of England looks set to hike borrowing costs by another 50 basis points next week,...
US Holiday Sales Growth Likely to Slow as Inflation Hits Shoppers: Report
U.S. sales growth is expected to slow this holiday season as consumers facing decades-high inflation...
‘All we need is kerosene’: Fishermen Struggle for Livelihoods in Crisis-hit Sri Lanka
As the sun rose over Sri Lanka in late August, a group of fishermen were laying out their net on a beach...
Dollar Slides as Investors Balance Positions Ahead of US Inflation Data
The dollar fell to a more than one-week low on Friday as investors consolidated gains after a sharp rise...