Switzerland becomes first major economy to cut interest rates in surprise move
The Swiss National Bank on Thursday surprised the market with a decision to lower its main policy rate by 0.25…
European Central Bank’s Lagarde signals June cut but says future rate path uncertain
European Central Bank chief Christine Lagarde on Wednesday reiterated that policymakers will consider bringing interest rates down in June, but…
Turkey opts for new tightening strategy after signaling a pause to hikes
Turkey’s central bank is opting for a different monetary tightening method as it grapples with climbing inflation, after previously signaling…
This week provided a reminder that inflation isn’t going away anytime soon
From consumer and wholesale prices to longer-term public expectations, reports this week served up multiple reminders this week that inflation…
Wholesale inflation rose 0.6% in February, much more than expected
Wholesale prices accelerated at a faster-than-expected pace in February, another reminder that inflation remains a troublesome issue for the U.S.…
European Central Bank chief economist: Must ‘take our time’ on rate cuts, clearer picture due in June
The European Central Bank must take its time to get interest rate cuts right and will have a clearer picture…
Recession-hit Britain swings to economic growth in January, helped by construction bounce
LONDON — U.K. gross domestic product grew 0.2% in January, the Office for National Statistics said Wednesday, as construction output…
Consumer prices rose 0.4% in February and 3.2% from a year ago
Inflation rose again in February, keeping the Federal Reserve on course to wait at least until the summer before starting…
Consumer spending rebounded in February, according to the CNBC/NRF Retail Monitor
Consumer spending bounced back in February from a January dip, with a little help from leap day. But sales still…
A key inflation reading is due out Tuesday morning. Here’s what to expect
Rising gasoline prices likely put a floor under inflation in February, potentially reinforcing the Federal Reserve’s decision to take a…
