Fed’s key inflation gauge rose 2.5% in June from a year ago, in line with expectations
An important gauge for the Federal Reserve showed inflation eased slightly from a year ago in June, helping to open…
U.S. economy grew at a 2.8% pace in the second quarter, much more than expected
Economic activity in the U.S. was considerably stronger than expected during the second quarter, boosted by a strong consumer, government…
Why an indicator that has foretold almost every recession doesn’t seem to be working anymore
Wall Street’s favorite recession signal started flashing red in 2022 and hasn’t stopped — and thus far has been wrong…
Wealth in Turkey grew the most in the world at 157% despite soaring inflation, according to ranking
Turkey came out miles ahead of the rest of the world in an annual global wealth ranking — in a…
UK inflation holds steady at Bank of England’s 2% target, above expectations
U.K. inflation held steady at the Bank of England’s 2% target in June, Official National Statistics data showed Wednesday. The…
Trump says he would let Fed Chair Powell finish his term if he wins in November, Bloomberg reports
Donald Trump will allow Federal Reserve Chair Jerome Powell to complete his term at the central bank if he won…
IMF sees ‘bumps’ in path to lower inflation
The International Monetary Fund warned Tuesday that upside risks to inflation have increased, calling into question the prospect of multiple…
IMF upgrades UK growth forecast in another boost to new Labour government
LONDON — The International Monetary Fund on Tuesday lifted its 2024 growth outlook for the U.K. to 0.7% from 0.5%,…
Powell indicates Fed won’t wait until inflation is down to 2% before cutting rates
Federal Reserve Chair Jerome Powell said Monday that the central bank will not wait until inflation hits 2% to cut…
