Pound Declines Despite Rise in Annual Inflation UK inflation rebounded in May beyond expectations and above the Bank of England’s target inflation rate. Consumer prices rose 2.7% from May 2012, beating expectations for 2.6% annual inflation and above April’s 2.4% inflation rate.
June 18, 2013 - Daily FX
Brokerage Says U.S. Economy is in a Sweet Spot: Stocks Are Cheap By Hal M. Bundrick NEW YORK (MainStreet)--Falling unemployment combined with tame inflation appears to be putting the U.S. economy in a "sweet spot," according to chief strategists at Wells Fargo Advisors. In its midyear outlook, the brokerage is expecting unemployment to be at 7.2% by the end of the year with a 12-month average CPI inflation rate of 2%. "We believe the outlook for the U.S ...
June 17, 2013 - TheStreet.com