US inflation data cemented big cut for one Fed official, dissent for another
Federal Reserve officials, in their first public comments since the U.S. central bank cut interest rates by half a percentage point, laid out on Friday the depth of the debate over the move, with one governor saying inflation was now so weak the large reduction was needed and another arguing price pressures remain so strong a smaller cut would have been better.
In the clamor of the campaign season, we are missing what should be a landmark event.
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The root of the problem of higher prices, whether in the housing or food sector, is the imbalance in demand and supply.
Economists told CBS News the calculation is incomplete, since average household incomes have also risen over that time period ...
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India's headline inflation may average 4.5% in the second half of the fiscal year, aided by weaker crude oil prices, although ...
Japanese inflation rose slightly in August, with prices up 2.8 percent year-on-year, official data showed Friday, hours ...
Stocks, however, still posted overall wins for the week. The S&P 500 ( ^GSPC) ended the week up about 1.4%. The Dow Jones ...
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