Hoping to snag a cheap airline ticket for summer travel? Good luck, new inflation data show

Airfare costs have taken off ahead of a summer travel season running on steep demand and high gas prices, according to new price inflation data released Wednesday. The record-breaking cost increase for airline tickets stood out in a Consumer Price Index reportt that showed an overall 0.3% increase in the cost of living from March … Read more

Traders and investors may have bitten on a ‘headache’ from a soft single US inflation figure

Two government reports in the past two days point to the highest annual U.S. inflation rates in four decades, but many traders and investors are looking beyond the hot readings and instead focusing on prospects that the trend will reverse soon. US stocks and bonds rallied on Wednesday, despite the headlines. The starting point for … Read more