Households squeezed as U.S. consumer prices accelerate; more pain coming

Consumer price index increases 0.8% in February Gasoline accounts for nearly a third of rise in CPI CPI jumps 7.9% year-on-year; costs of food, rent arises Core CPI rises 0.5%; increases 6.4% year-on-year WASHINGTON, March 10 (Reuters) – US consumer prices surged in February, forcing Americans to dig deeper to pay for rent, food and … Read more

U.S. job growth surge underscores economy’s strength as headwinds rise

Nonfarm payrolls increased 678,000 in February Unemployment rate falls to 3.8% from 4.0% Average hourly flat earnings; up 5.1% year-on-year Average workweek rises to 34.7 hours WASHINGTON, March 4 (Reuters) – US job growth accelerated in February, pushing the unemployment rate to a two-year low of 3.8% and raising optimism that the economy could withstand … Read more

Russian central bank scrambles to limit fallout of tough sanctions

Feb 27 (Reuters) – Russia’s central bank announced a slew of measures on Sunday to support domestic markets, as it scrambled to manage the broadening fallout of harsh Western sanctions over the weekend in retaliation against Moscow’s invasion of Ukraine. The central bank said it would resume buying gold on the domestic market, launch a … Read more