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Last updated: 21:26:20 Thursday Jul 17, 2008


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  • Inflation surge puts Fed in a quandary
    Consumer prices took their biggest upward jump in 17 years last month, a surge that highlights the squeeze on America's standard of living and the difficult policy choices facing the Federal Reserve.   People:Ben Bernanke   Activities:2007-8 Global Inflation 2008 U.S. Recession   Source:(Christian Science Monitor)   2008-07-17

    IMF says global economy in 'tough spot' despite higher growth
    WASHINGTON (AFP) - The IMF on Thursday lifted growth forecasts modestly for the world including the United States but said the global economy is in a "tough spot" due to rising inflation amid a slowdown.   Nations:U.S. Japan China Germany U.K. France   Source:(AFP)   2008-07-17

    Jobless claims rise to 366,000 last week
    WASHINGTON (Reuters) - The number of U.S. workers filing new claims for jobless benefits rose by a less-than-expected 18,000 last week to 366,000 on a seasonally adjusted basis, a Labor Department report showed on Thursday.   Activities:2008 U.S. Recession   Source:(Reuters)   2008-07-17

    Recession-Proof Jobs
    These are tough times for job seekers. The U.S. unemployment rate held steady in June at 5.5%, the highest rate since October 2004. The outlook is especially bleak in residential construction and automobiles, and for workers without a college degree.   Activities:2008 U.S. Recession   Source:(BusinessWeek)   2008-07-17

    US inflation soars at 26-year high on energy prices
    WASHINGTON (AFP) - Soaring energy costs drove US consumer prices up 1.1 percent in June to an annual pace of 5.0 percent, data showed Wednesday, prompting a central bank warning and rising stagflation concerns.   People:Ben Bernanke   Activities:2007-8 Global Inflation   Source:(AFP)   2008-07-16

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