A Vietnamese government report released Friday says the country’s inflation rate, already one of the world’s highest, rose again in June to almost 21 percent. The General Statistics office said inflation in June alone hit 20.8 percent from a year ago. Inflation for all of last year was 11.5 percent. The report said food prices […]
US Jobless Claims Rise
Posted June 23rd, 2011 at 12:05 pm (UTC-5)
(new info, grafs 1, 5) Key measures of the U.S. job and housing markets have gotten a bit worse recently. Thursday’s report from the Labor Department shows the number of Americans signing up for unemployment compensation rose by 9,000 to a nationwide total of 429,000. The report is the latest in a series showing continued […]
US Jobless Claims Rise
Posted June 23rd, 2011 at 9:10 am (UTC-5)
A key measure of the U.S. job market got a bit worse last week. Thursday’s report from the Labor Department shows the number of Americans signing up for unemployment compensation rose by 9,000 to a nationwide total of 429,000. The report is the latest in a series showing continued weakness in U.S. employment. The head […]
Bernanke: Greek Crisis Could Threaten Global Finance
Posted June 22nd, 2011 at 5:15 pm (UTC-5)
U.S. Federal Reserve chief Ben Bernanke says a failure to resolve the debt crisis in Greece could threaten the global financial system. At a news conference Wednesday, the head of the U.S. central bank said if Greece defaulted on its debt, the impact would go beyond Europe and pose threats to the global economy. He […]
Fed: US Economy Growing More Slowly Than Expected
Posted June 22nd, 2011 at 4:05 pm (UTC-5)
The head of the U.S. central bank says the economy is growing more slowly than expected. U.S. Federal Reserve Chairman Ben Bernanke Wednesday that the slower growth is due to temporary problems such as the disruptions caused by Japan’s earthquake and an increase in gasoline prices. The Fed’s experts now expect around 2.8 percent growth […]
Bernanke: Greek Crisis Could Threaten Global Finance
Posted June 22nd, 2011 at 3:50 pm (UTC-5)
U.S. Federal Reserve chief Ben Bernanke says a failure to resolve the debt crisis in Greece could threaten the global financial system. Asked at a news conference Wednesday to comment on the crisis, Bernanke said if Greece defaulted on its debt, the impact would go beyond Europe and pose threats to the global economy. He […]
Fed: US Economy Growing More Slowly Than Expected
Posted June 22nd, 2011 at 2:40 pm (UTC-5)
The head of the U.S. central bank says the economy is growing more slowly than expected, but says growth will pick up early next year. Federal Reserve Chairman Ben Bernanke told journalists that the slower growth is due to temporary problems such as the disruptions caused by Japan’s earthquake and an increase in gasoline prices. […]
Fed: US Economy Growing More Slowly Than Expected
Posted June 22nd, 2011 at 1:45 pm (UTC-5)
Top officials of the U.S. central bank say the economy is growing more slowly than they expected. Federal Reserve officials say the slower growth is due to temporary problems such as the disruptions caused by Japan’s earthquake and an increase in gasoline prices. The economic assessment comes after two days of consultations among top bank […]
Fed: US Economy Growing More Slowly Than Expected
Posted June 22nd, 2011 at 12:55 pm (UTC-5)
Top officials of the U.S. central bank say the economy is growing more slowly than they expected, but they anticipate the problem to be temporary. Federal Reserve officials voted to keep interest rates steady in the ultra-low range where they have been for some time. The economic assessment comes after two days of consultations among […]
New Assessment of US Economy
Posted June 22nd, 2011 at 11:45 am (UTC-5)
The head of the U.S. central bank will give an updated assessment of the nation’s economy on Wednesday. Federal Reserve chairman Ben Bernanke’s anticipated remarks come after two days of consultations with other top bank officials and after several disappointing economic reports. The latest came earlier Wednesday, showing a decline in applications for mortgages. Economists […]
