Economic News

Treasurys rose Friday, sending yields lower, after a key inflation gauge closely watched by the Federal Reserve matched expectations. The 10-year note was last trading up 8/32 at 99 22/32. Its yield, (TNX) which moves opposite to its price, stood at 5.167%, compared with 5.205% late Thursday. The yield was higher ahead of the release of personal income and spending data. That report included ...

Treasurys on Friday ticked higher, then settled back, after an inflation reading closely watched by the Federal Reserve matched market expectations. The 10-year note was last trading down 1/32 at 99 13/32. Its yield, (TNX) which moves opposite to its price, stood at 5.206%, compared with 5.205% late Thursday. The yield was higher ahead of the release of personal income and spending data. Tha ...

Simon Moon, This is Money30 June 2006 HIGH Streets and shopping centres across Britain are expecting their worst Saturday trading of the year as England take on Portugal in a death-or-glory World Cup clash. WANT TO KNOW MORE? SPECIAL REPORT: Come on England! GUIDE: The best credit cards for shoppers MESSAGE BOARDS: Read the great England debate POLL: Who will win the World Cup? OTHER ST ...

Jim Armitage, Evening Standard30 June 2006 BRITISH households are 10% worse-off financially than five years ago as taxes, utility bills and car running costs have soared. WANT TO KNOW MORE? 50 ways to save money 50 ways to save on holidays 10 best money-saving tips How This is Money can help you make more money and spend less See all our money-saving tools OTHER STORIES Credit card p ...

LONDON (Reuters) - The Bank of England looks sure to leave interest rates unchanged for the 11th month running in the coming week and the chances of a rise this year are receding. All 47 analysts polled by Reuters predicted the central bank's Monetary Policy Committee would leave borrowing costs at 4.5 percent when it concludes its two-day meeting at midday on Thursday. MPC member David Walton's sudden death last week means that policymakers will probably be unanimous in backing no change in r ...

WASHINGTON (Dow Jones) - Consumers earned and spent 0.4% more in May, but inflation took away most of the gains, the Commerce Department said Friday. The report highlights the two sides of the Federal Reserve's dilemma: A cooling economy and accelerating inflation. Consumer prices increased 0.4% in May, as measured by the personal consumption expenditure price index. Core prices - which stri ...

The dollar tumbled to a fresh three-week low versus the euro and a more than two-week nadir against the yen early Friday after an inflation report reinforced expectations that an end to the Federal Reserve's two-year interest rate tightening campaign is near. Consumer prices increased 0.4% in May, according to the personal consumption expenditure price index. Core prices - which strip out food  ...

WASHINGTON (Dow Jones) -- U.S. consumer sentiment improved in June as gasoline prices moderated, according to media reports of proprietary research from the University of Michigan. The final June reading of the UMich consumer sentiment index rose to 84.9 from 79.1 in May, reports said. The preliminary June reading was 82.4. Sentiment had fallen in May as gasoline prices soared and hiring wea ...

WASHINGTON (Dow Jones) -- Unhappy with rising prices, the Federal Reserve raised interest rates Thursday by a quarter percentage point as expected. The Fed has hiked rates at 17 straight meetings since June 2004, bringing its target Fed funds rate from a four-decade low of 1% to 5.25%, the highest level since March 2001. The announcement from the Federal Open Market Committee was overhauled  ...

The dollar slumped to one-week lows versus the euro and yen Thursday after the Federal Reserve delivered on a widely expected interest-rate increase, but said future rate hikes will be data-dependent. The Fed has hiked rates at 17 straight meetings since June 2004, bringing its target Fed funds rate from a four-decade low of 1% to 5.25%, the highest level since March 2001. The committee made ...