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NY Fed: Consumer outlook on longer-term inflation hit snag in February

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The public’s expectations around the longer-run trajectory of inflation deteriorated in February, a report from the Federal Reserve Bank of New York said Monday. While inflation a year from now was seen holding steady at 3%, respondents to the bank’s latest Survey of Consumer Expectations said that they see inflation three years from now moving… Read More »NY Fed: Consumer outlook on longer-term inflation hit snag in February

GLOBAL MARKETS-Stocks decline from record highs with US inflation data eyed

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A gauge of global stocks was lower for a second straight session on Monday, retreating further from a record high as investors braced for U.S. inflation data this week which could heavily influence the Federal Reserve’s path of interest rates. Stocks have hit multiple record highs this year, and declined on Friday following a mixed… Read More »GLOBAL MARKETS-Stocks decline from record highs with US inflation data eyed

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This Day in History: First Cases Reported in Deadly Influenza Pandemic

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March 11, 1918. Private Albert Glitchell reported flu-like symptoms at the Fort Riley hospital in Kansas. Hours later, more than 100 soldiers on the base reported symptoms. The virulent influenza spread to other army bases, prisons and then across the Atlantic, where World War I continued to rage. The virus came to be known as… Read More »This Day in History: First Cases Reported in Deadly Influenza Pandemic