Career News 24/7: Morning Digest: Muted inflation supports more Fed easing

Thursday, August 16, 2012

Morning Digest: Muted inflation supports more Fed easing

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08/16/2012

Reuters Election 2012 Daily round-up of the day's top news from the campaign trail, the White House and all the politics in between

Muted inflation supports more Fed easing

WASHINGTON (Reuters) - Consumer prices were flat in July for a second straight month and the year-over-year increase was the smallest in more than 1-1/2 years, giving the Federal Reserve room to ease policy further to tackle high unemployment..

Lebanon kidnap fans fear of Syria spillover

BEIRUT/ALEPPO (Reuters) - Saudi Arabia has told citizens to leave Lebanon after a mass kidnapping in retaliation for events in Syria raised fears that violence may be spilling across a region riven by sectarian rancor and great power rivalries..

Shares, euro edge lower as markets wait for stimulus clues

LONDON (Reuters) - European stocks and the euro were lower on Thursday after global growth engine China warned its trade outlook was worsening and stronger U.S. data tempered expectations of additional stimulus from the Federal Reserve..

Grammy Museum unveils tribute to Whitney Houston

LOS ANGELES (Reuters) - The Grammy Museum unveiled a tribute to Whitney Houston on Wednesday, put together by family members to celebrate the late pop star's career..

Nadal pulls out of U.S. Open with injury

MASON, Ohio (Reuters) - Rafael Nadal withdrew from the U.S. Open on Wednesday increasing concerns about the seriousness of the knee injury plaguing the 11-times grand slam winner..

Taylor Swift new single on track for record downloads

LOS ANGELES (Reuters) - Country-pop singer Taylor Swift has shot to the top of iTunes in 25 countries with her new single "We Are Never Ever Getting Back Together," and is poised for a record digital sales debut on next week's Billboard chart..

U.S. hypersonic aircraft crashes seconds into military test flight

LOS ANGELES (Reuters) - An unmanned experimental aircraft designed to fly six times the speed of sound broke apart over the Pacific Ocean seconds into a military test flight due to a faulty control fin, the U.S. Air Force said on Wednesday..

Obama finally beats Bieber as Klout score admits real world

SAN FRANCISCO (Reuters) - Until recently, Justin Bieber was more influential than Barack Obama -- at least in the world of Klout, the controversial Web startup that claims to measure people's online influence using an algorithm..