Economy

Core inflation rate rose to 2.7% in May, more than expected, Fed’s preferred gauge shows

4 days ago

The PCE price index was projected to rise 0.1% in May, with...

Fed Governor Bowman favors July interest rate cut if inflation stays low

8 days ago

Bowman is the second central banker in recent days to suggest tariffs...

The Fed is likely to keep rates the same, but give a forecast that moves markets. What to expect

14 days ago

While any movement on interest rates seems improbable, the meeting will feature...

Retail sales fell 0.9% in May, worse than expected as consumers pulled back

14 days ago

Consumer sentiment reading rebounds to much higher level than expected as people get over tariff shock

18 days ago

Here are the three reasons why tariffs have yet to drive inflation higher

19 days ago

President Donald Trump's tariffs have yet to show up in any of...

UK Finance Minister Rachel Reeves’ spending plans risk creating ‘a snowball effect’ that pushes borrowing costs higher

19 days ago

Policies risk creating "a snowball effect" that pushes Britain's £105 billion-a-year interest...

UK exports to the U.S. plunge by most on record as tariffs bite

19 days ago

Shipments of commodities, cars and metals to the U.S. from Britain all...

U.S. budget deficit hit $316 billion in May, with annual shortfall up 14% from a year ago

20 days ago

The U.S. government drifted further into red ink during May, with a...

Vance joins Trump in bashing Powell, says Fed committing 'monetary malpractice' by not cutting rates

20 days ago

President Donald Trump and Vice President JD Vance are now double-teaming the...

U.S. inflation rises 0.1% in May from prior month, less than expected

20 days ago

The consumer price index was expected to rise 0.2% in May, with...

World Bank sharply cuts global growth outlook on trade turbulence

21 days ago

"This would mark the slowest rate of global growth since 2008, aside...