Inflation rate slowest since war on falling prices began

Feb 27, 2015

Inflation rate slowest since war on falling prices began

The inflation rate has fallen to its lowest level since just after the Abe administration launched its high-profile offensive aimed at conquering years of falling prices and tepid growth, data showed Friday. The disappointing figures — weighed down by weak consumer spending and falling ...

Yellen reiterates patience is still the watchword for the Fed

Feb 25, 2015

Yellen reiterates patience is still the watchword for the Fed

Federal Reserve Chairwoman Janet Yellen said Tuesday the U.S. economy is making steady progress, but that for now the Fed will remain patient about raising interest rates because the job market is still healing and inflation is too low. In her semiannual economic report ...

Feb 25, 2015

U.S. to let spouses of highly skilled immigrants work

The Obama administration on Tuesday announced a visa rule revision that will let spouses of some highly skilled immigrants apply to work in the United States starting this year. Leon Rodriguez, director of U.S. Citizenship and Immigration Services, said the change will encourage more ...

Feb 25, 2015

U.S. consumer confidence slides after big January gain

U.S. consumers are feeling a bit less confident this month, but their spirits are still at the highest levels since before the Great Recession. The Conference Board reported Tuesday that its consumer confidence index dropped this month to 96.4 from a revised 103.8 in ...

Feb 24, 2015

U.S. home sales plunged 4.9% in January

U.S. home sales hit a snow drift in January, plunging to the slowest pace in nine months. The National Association of Realtors said Monday that sales of existing homes tumbled 4.9 percent last month to a seasonally adjusted annual rate of 4.82 million. That ...

Feb 11, 2015

45,000 suicides each year linked to unemployment, study shows

Around 45,000 suicides each year are attributable to unemployment, according to a survey of 63 countries published in The Lancet Psychiatry journal on Wednesday. Health watchdogs should regard unemployment as a continuous suicide risk, and not only at times of economic crisis, its authors ...