U.S. producer prices were flat in August, pointing to muted inflation pressures that should see the Federal Reserve in no hurry to raise interest rates.
Tags: Inflation
August showed Increase in Personal Spending and Income
After a weak July the U.S. consumer spending and personal income picked up pace in August while inflation remained flat, the Commerce Department reported Monday.
Dollar surges anew, euro zone data eyed
The dollar rose to new multi-year highs against the yen, euro and a basket of currencies on Monday, a three-month-old rally showing no signs of dissipating before a week of important economic set pieces.
Weak euro zone lending data underscores need for ECB stimulus
Lending to euro zone households and companies contracted for the 28th month in a row in August, though at a slower pace, putting a keener spotlight on European Central Bank efforts to get credit flowing again.
Euro zone business growth slows in September as prices keep sliding: PMI
Euro zone business activity has expanded at a slightly weaker pace than expected in September as firms cut prices for the 30th month in a row, a survey showed on Tuesday.
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Indian Prime Minister Narendra Modi has scored high on overall performance during his first three months in office, but many are disappointed with his new administration's efforts to bring down inflation, an opinion poll showed.
U.S. consumer spending rose for a fifth straight month in June, but a moderation in price increases suggested the Federal Reserve will not raise interest rates anytime soon.
European Central Bank President Mario Draghi was quoted by German news magazine Spiegel in an interview that there is no need to hurry to reduce the Euro Zone's main interest rate further.
The People's Bank of China had undertaken a program of lowering money supply to avoid further inflation, but this may lead to lack of financial support
Diwali, the Indian festival of lights, have caused Indians to loosen purse strings despite high inflation.
Inflation was tame and consumer spending increased for August. At the time when the Federal Reserve is contemplating on whether or not it would cut back on its bond-buying program, there was an ever so slight rise in US consumer spending and a tame inflation performance.
Increased volume of agricultural production propped up Russia's slow growing economy. Russia's economy exhibited indications of development in July, based on new figures released by the state statistics service.
Consumer inflation was recorded at 0.5% last June, a figure that exceeded economists projections to reach about 0.3%.
