Inflation | featured news

Wall Street tumbled Tuesday, with the Dow down over 200 points, following new worries about rising inflation in Asia and the possibility Ireland might need a bailout.

Federal Reserve Chairman Ben Bernanke defended the Fed's new $600 billion program to aid the economy on Saturday, rejecting concerns that it will spur runaway inflation.

The central bank said it would raise benchmark one-year deposit and lending rates by 25 basis points each, a move that reflects its concern about rising domestic asset prices and inflation.

This is a story about how an economist and his buddies tricked the people of Brazil into saving the country from rampant inflation. They had a crazy, unlikely plan, and it worked.

U.S. stocks opened higher, led by the material and energy sectors following the report of a small increase in personal spending and benign inflation.

When taxpayers sit down to file their 2009 returns, they will find plenty new — some the result of adjusting for inflation, and other changes passed by Congress to fight the downturn.

Federal Reserve Chairman Ben Bernanke told Congress on Wednesday that a weak job market and low inflation would likely allow the central bank to keep interest rates at very low levels for a long time.

Consumer prices rose less than expected in January while prices excluding food and energy actually fell, something that hasn't happened in more than a quarter-century.

Wholesale prices rise more than expected last month, stoking inflation fears.

North Korea revalued its national currency for the first time in decades in a bid to fight inflation and flush out the black market money trade, reports said Tuesday - a move that sent residents of the communist state scrambling to convert hoarded money into foreign currencies....