Federal Reserve
U.S. July Inflation Rises Modestly for Sixth Month, Rate Hike Still Likely
Pulled back by a steep decline in airfares despite rising costs of housing, U.S. inflation only rose modestly in July with another lower-than-projected rise in consumer prices likely this year .
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Equities Continue To Slump as Asia Shares Start the Week Soft
The equity market continues to be battered as shares in Asia fell to start the week, following the slump in Wall Street last Friday, according to a report from Bloomberg.
Former Fed Chair Bernanke Against $10 Redesign
Former US Federal Reserve Chairman Ben Bernanke said Alexander Hamilton deserves to keep the $10 dollar bill for himself given his role in helping establish the country and contributing to the economic legacy of the United States.
Sales of Previously Owned US Houses Rebound in May
After an unexpected decline in April, sales of previously owned houses in the U.S. in May bounced back to its strongest growth since November 2009 as new home buyers became more confident in purchasing residential properties.
Rising Gasoline Prices Pull up U.S. Inflation for Fourth Straight Month
Inflation in the U.S. rose for the fourth straight month in May largely driven by rising gasoline prices, but the slow increase might give the Federal Reserve more reason to continue keeping interest rates low.
$100 Bill Printing Error Mistake Causes Third Distribution Delay
There is a delay in the United States Federal Reserve introduction of the new hundred dollar bill because of a printing error called "mashing," or an over use of ink according to The New Yorker.
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