Economy

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…

Watch Fed Chair Jerome Powell’s remarks on interest rate policy and the economy

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With odds of a Trump win rising, here’s what it could mean for Europe’s economy

With markets in recent weeks cranking up their bets that Donald Trump will win the presidential election, Goldman Sachs economists…

With high prices and mortgage rates, aspiring and current homeowners feel ‘stuck’

When Rachel Burress moved into her mother’s house around a decade ago, it seemed like a short-term stop on the…

The housing market, explained in 6 charts

It’s no secret that the housing market looks far different than it did a few years ago. While surging mortgage…

Wholesale prices rose 0.2% in June, slightly hotter than expected

A measure of wholesale prices rose more than expected in June as Wall Street assesses when the Federal Reserve will…

‘Why would you tinker with it if it’s not broken?’: Economist on why the Fed may not cut rates in September

Markets now firmly expect a September interest rate cut in the U.S., but the Federal Reserve has a strong reason…

Inflation falls 0.1% in June from prior month, helping case for lower rates

The monthly inflation rate dipped in June for the first time in more than four years, providing further cover for…