Latest Deflation Stories
Inflation in Britain fell in October by the biggest margin since 1997, possibly signaling a central bank lending rate cut in December, an economist said. Howard Archer, chief economist at IHS Global Insight said the pace of inflation dropping from 5.2 percent in September to 4.5 percent in October, reinforces the belief that the Bank of England will cut interest rates sharply further in December as it tries to limit the length and depth of the recession, the Times of London reported Tuesday....
by The Associated Press Wholesale prices bolted ahead in May at the fastest pace in six months as energy and food costs marched higher. The U.S. Labor Dept. reported on June 17 that its Producer Price Index, which measures the costs of goods before they reach store shelves, shot up 1.4% in May.
Federal Reserve Chairman Ben Bernanke will seek to establish his anti-inflation credentials when he delivers the central bank's semi-annual report to Congress on Wednesday after just two weeks on the job.
After 14 years ranked as the most expensive city in the world for expatriates, Tokyo has been knocked off the top spot by Norway's capital Oslo, a survey showed on Tuesday.
By Tim Ahmann WASHINGTON (Reuters) - The U.S. Senate Banking Committee on Wednesday approved the nomination of Ben Bernanke to be chairman of the Federal Reserve, sending it to the full Senate for a final confirming vote.
- To befool; deceive; balk; jilt.
- An illusion; a trick; a cheat.