The Fed probably won’t be delivering any interest rate cuts this summer
Investors likely will have to sweat out a summer during which it looks increasingly improbable that the Federal Reserve will…
British retail sales plunge 2.3% in April, missing estimates
LONDON — U.K. retail sales volumes dropped 2.3% in April as wet weather deterred shoppers, the Office for National Statistics…
Auto insurance rates are jumping the most since the 1970s, but there could be relief soon
Soaring auto insurance costs have been a principle driver behind inflation over the past year, but there could be relief…
JPMorgan CEO Jamie Dimon says can’t rule out ‘hard landing’ for the U.S., stagflation will be ‘worst outcome’
JPMorgan Chase‘s chairman and CEO, Jamie Dimon, says a “hard landing” for the U.S. cannot be ruled out. When asked…
Fed officials seem like they have ‘no idea’ what is going on with U.S. inflation, strategist says
Federal Reserve officials appear to have “no idea” what is happening when it comes to the inflation picture in the…
UK inflation comes in hotter than expected, slashing June rate cut bets
LONDON — U.K. inflation came in hotter than expected with a drop to 2.3% in April, the Office for National…
Britain’s inflation rate could be about to drop below the Bank of England’s 2% target
LONDON — U.K. inflation could be about to hit a major milestone, with some forecasting that a sharp fall in…
Soaring debt and deficits causing worry about threats to the economy and markets
Government debt that has swelled nearly 50% since the early days of the Covid pandemic is generating elevated levels of…
Some consumers are punting big purchases like pools and mattresses
Americans are kicking the can down the road on some more-costly, traditionally financed purchases as elevated inflation and interest rates…
Markets underestimate geopolitical risk as raft of elections looms, ECB’s De Guindos says
Europe’s macroeconomic outlook is brighter — but markets may be underestimating the potential for sudden destabilization due to geopolitics, the…
