Tag: economy
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US inflation slows to 6.4%, but price pressures re-emerge
The pace of consumer price increases eased again in January compared with a year earlier, the latest sign that the high inflation that has gripped Americans for nearly two years is slowly easing.
US-China officials meet on economy, aim to ease tension
U.S. Treasury Secretary Janet Yellen met Wednesday with her Chinese counterpart and pledged an effort to manage differences and “prevent competition from becoming anything ever near conflict” as the two nations try to thaw relations.
Fed raises key rate by half-point and signals more to come
The Federal Reserve reinforced its inflation fight Wednesday by raising its key interest rate for the seventh time this year and signaling more hikes to come. But it announced a smaller hike than it had in its past four meetings at a time when inflation is showing signs of easing.
US inflation report may show further slowing of price spikes
A high-profile report on inflation to be released Tuesday morning could show another month of cooling prices and add to evidence that the pressures on American households are gradually easing.
Amazon says it had its biggest Thanksgiving shopping weekend
Amazon said Wednesday it had its biggest ever Thanksgiving holiday shopping weekend, aided by a record number of consumers looking for deals online amid high inflation.
