Inflation Outpaces Earnings, Threatens Spending

Inflation

WASHINGTON (Reuters) - Consumer prices rose modestly in March amid signs a spike in gasoline costs was ebbing, but inflation still outpaced workers' earnings and threatened to undermine consumer spending.

Sections:  news   business   
RELATED ARTICLES
  • Retailers report modest gains for April
    Americans spent briskly during the early spring months in the latest sign that they’re encouraged by the economic recovery. Falling gas prices, a rallying stock market and gains in the job market all fueled Americans’ shopping habits even as cold weather tempered their desire to buy spring fashions. More
  • Keystone XL pipeline to be delayed
    TransCanada Corp. says the long-delayed Keystone XL pipeline will be in service months later than expected and cost more than its current $5.3 billion price-tag as it continues to await U.S. government approval. TransCanada had been sticking to its late 2014 or early 2015 start-up target, but the regulatory process has dragged on. More
  • U.S. economy grows at 2.5% rate in 1st quarter
    U.S. economic growth accelerated from January through March, buoyed by the strongest consumer spending in more than two years. The strength offset further declines in government spending that are expected to drag on growth throughout the year. More
  • Drivers benefit as oil prices drop sharply
    A sharp decline in the price of oil this month is making gasoline cheaper at a time of year when it typically gets more expensive. It's a relief to motorists and business owners and a positive development for the economy. More
  • Nigeria tycoon 'plans $8bn refinery'
    Africa's wealthiest man, Aliko Dangote, says he aims to invest up to $8bn in a major new oil refinery that would double Nigeria's current oil output. More
BING NEWS:
  • Stock Market Today: Stocks higher amid inflation concerns; Netflix earnings on deck
    Netflix shares edged higher in early trading, extending their year-to-date gain to around 30%, ahead of the streaming giant's first quarter earnings slated for after the closing bell. Analysts are ...
    04/18/2024 - 9:30 am | View Link
  • Dow tumbles nearly 500 points on weak bank earnings, inflation concerns
    The threat of a widening war in the Middle East coupled with disappointing earnings reports from US banks prompted a selloff on Wall Street on Friday. The Dow Jones Industrial Average plunged 475 ...
    04/12/2024 - 10:46 am | View Link
  • How U.S. inflation's 'bumpy ride' could threaten Canadian mortgage rates
    Last December, Bank of Canada governor Tiff Macklem suggested we’d ride an economic rollercoaster on the way back to two per cent inflation. “We can’t rule out bumps along the way,” he warned. We ...
    04/11/2024 - 1:00 pm | View Link
  • 3 investments to consider with inflation rising
    As inflation continues to tick up in spite of a higher interest rates, it may be time to take a second look at your investments. Stocks tumbled Wednesday as updated inflation data dimmed the ...
    04/11/2024 - 10:20 am | View Link
  • Fed could delay cutting interest rates until September, based on March's hot inflation
    "Consumer demand for takeout that consistently matches and outpaces overall retail spending — despite far weaker price trends for groceries — will allow restaurants to continue to hike menu ...
    04/10/2024 - 6:31 am | View Link
  • More

 

Comment On This Story

Welcome to Wopular!

Welcome to Wopular

Wopular is an online newspaper rack, giving you a summary view of the top headlines from the top news sites.

Senh Duong (Founder)
Wopular, MWB, RottenTomatoes

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

MoviesWithButter : Our Sister Site

More Business News