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Tag Archives: inflation

Consumer Confidence Index rises in April

NEW YORK — Americans' concerns about jobs and inflation eased somewhat in April, pushing the Consumer Confidence Index higher. The increase comes after an unexpected drop in March. But the measure had risen for five consecutive months before that and hit a three-year high in February.

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Bernanke: Lasting rise in oil prices pose a danger

WASHINGTON, D.C. — Federal Reserve Chairman Ben Bernanke told Congress Tuesday that a prolonged rise in oil prices would pose a danger to the U.S. economy. But he said a more likely outcome is a temporary and modest increase in consumer prices — not runaway inflation.

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