Economy

These groups help people of color and the LGBTQ+ community find a ‘radically inclusive space’ in the outdoors

EAST RUTHERFORD, N.J. — For 16-year-old Zyshawn Gibson, snowboarding down the indoor ski park at Big Snow American Dream in…

UK inflation falls to Bank of England’s 2% target ahead of elections

U.K. inflation fell to the Bank of England’s target of 2.0% in May, the Office for National Statistics said Wednesday,…

The Fed is ‘playing with fire’ by not cutting rates, says creator of ‘Sahm Rule’ recession indicator

The Federal Reserve is risking tipping the economy into contraction by not cutting interest rates now, according to the author…

May retail sales rise 0.1%, weaker than expected

Retail spending was weaker than expected in May as consumers continued to wrestle with stubbornly higher levels of inflation. Sales…

Bank of Japan set to reduce JGB purchases, stands pat on interest rate

The Bank of Japan kept its benchmark interest rate unchanged on Friday, but indicated it’s considering the reduction of its…

Wholesale prices unexpectedly fell 0.2% in May

A measure of wholesale prices unexpectedly decreased in May, adding another piece of evidence that inflation is pulling back. The…

Treasury Secretary Yellen says U.S. debt load is in ‘reasonable place’ if it remains at this level

Treasury Secretary Janet Yellen on Thursday said the swelling national debt is manageable as long as it stays around where…

Inflation slows in May, with consumer prices up 3.3% from a year ago

The consumer price index showed no increase in May as inflation slightly loosened its stubborn grip on the U.S. economy,…

UK GDP flatlines as PM Sunak pins election campaign on economy

LONDON — U.K. economic growth ground to a halt in April, according to flash figures published on Wednesday, stalling the…

Fed meeting and inflation report both hit Wednesday, and the impact could be huge

Wednesday is shaping up to be one of the most important days of the year for economic news, as investors…