Highlights
A collection of news and information related to Money and Monetary Policy published by Tribune Company sources.
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Jump in inflation puts Federal Reserve on the spot
Los Angeles Times Staff WriterDespite declining energy costs, wholesale prices soared in July, giving the economy the worst 12 months of inflation in almost three decades and increasing pressure on the Federal Reserve to raise interest rates. The producer price index rose 1.2% in...Tags: Land Price, Northern Trust Corporation, Stock Activities, Asha, Economic Indicator
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Wholesale prices rise like it's 1981
The Associated PressWholesale inflation surged in July, leaving U.S. prices for the past year rising at the fastest pace in 27 years, according to government data released Tuesday. The Labor Department reported that wholesale prices shot up 1.2 percent in July, pushed...Tags: Energy Resources, Sales, Homes, Vehicles, Upstream Oil and Gas Activities
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Inflation skyrockets
The Associated PressWholesale inflation soared in July, leaving prices rising at the fastest pace in nearly three decades. While recent declines in oil and other commodity prices raise hopes inflation may have peaked, some economists worry about the widespread nature of...Tags: Credit Ratings, Petroleum Industry, Federal Reserve, Market and Exchange, Inflation and Deflation
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CME-Nymex deal approved
Chicago Tribune reporterThe Chicago Mercantile Exchange and Chicago Board of Trade once helped the wheat stackers and hog butchers price their work. Now those 19th Century institutions will shoulder even more of the global economy's weight, after shareholders of their parent...Tags: Commodity Markets, Accenture Limited, Mergers, Acquisitions and Takeovers, New York Stock Exchange, Chicago Board of Trade
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Recession? Eat, drink, smoke and be merry
The Associated PressAs a global recession looms, what better way to cope than to eat, drink and be merry? Even as consumers face soaring energy costs, rising food prices and higher mortgages or rent, it seems clear they're not prepared to forgo many of life's little...Tags: Sales, Moody's Corporation, Bankruptcy, Casino and Gambling Industry, Imperial Tobacco Group Plc
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Find money for a rainy day
Tribune Media ServicesHard economic times can call for cold, hard cash. Whether financial pressure comes from rising gasoline and grocery bills, from a period without steady income or from a mortgage burden, emergency dollars are a necessity. Here are some options for...Tags: State Budgets, Homes, Personal Finance, Finance, Financial Markets
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Michael's strokes, Tippy's pickoffs
As expected, it's all Michael all the time around here these days. With so much bling around his neck, the Incredible Phelps looms now as the most accomplished - if not the greatest - athlete to ever come out of Maryland, and if medals are the measure,...Tags: Society, John Sullivan, Memorial Stadium, Ceremonies, Economic Policy
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Dollar gains ground against pound, euro
Associated PressThe dollar climbed against the euro and pound yesterday amid hopeful signals on the U.S. economy, falling oil prices and gloom about the European economic outlook. The 15-nation euro fell to $1.4680 in late New York trading from $1.4885 late Thursday....Tags: Commodity Markets, Foreign Exchange Market, Credit Ratings, Petroleum Industry, Energy Saving
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Inflation at 5.6% annual rate
McClatchy -TribuneThe job of the Federal Reserve and government policymakers got considerably more complicated yesterday when the Labor Department reported that consumer inflation is running at an annual rate of 5.6 percent, its highest level in 17 years. The Federal...Tags: Sales, Homes, Bank of America Corp., Upstream Oil and Gas Activities, Credit Ratings
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Loving your house again
First, let me say this: Of course I have regrets. After all, the purchase of our family home in Hollywood with an adjustable-rate mega-jumbo mortgage closed a mere 119 days before Countrywide Financial Corp. announced that -- whoops! -- it had, uh, run...Tags: State Budgets, Homes, Society, Property, Real Estate
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Mexico's central bank raises key interest rate again to battle inflation
Los Angeles Times Staff WriterMexico's central bank pulled the monetary trigger again Friday, raising its benchmark interest rate to 8.25% in a bid to shoot down inflation. The hike in the overnight lending rate, from 8%, was the third since June, underscoring the Bank of Mexico's...Tags: Moody's Corporation, Central Bank, Economy, Inflation and Deflation
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Mark Snyder weighs merits of equity index annuity
Karen@KarenEKlein.comThe problem: I'm receiving a small pension and Social Security. I've heard about an "equity index annuity" geared to seniors that will provide monthly income. What are the pros and cons? The expert: Mark J. Snyder, chartered financial consultant and...Tags: Stock Broking, Sales, Personal Finance, Mark Snyder, Stocks
Aug 20, 2008
|Story| Los Angeles Times
Aug 20, 2008
|Story| Orlando Sentinel
Aug 20, 2008
|Story| South Florida Sun-Sentinel
Aug 19, 2008
|Story| Chicago Tribune
Aug 18, 2008
|Story| Associated Press
Aug 18, 2008
|Story| South Florida Sun-Sentinel
Aug 17, 2008
|Column| Baltimore Sun
Aug 16, 2008
|Story| Baltimore Sun
Aug 15, 2008
|Story| Baltimore Sun
Aug 17, 2008
|Story| Los Angeles Times
Aug 16, 2008
|Story| Los Angeles Times
Aug 16, 2008
|Story| Newsday
