Rate cuts, hikes and pauses: The world’s central banks just made very different decisions
From hawkish pauses to rate hikes and dovish tones, the world’s biggest central banks last week struck very different tones…
Inflation rose at a 4% annual rate in May, the lowest in 2 years
The inflation rate cooled in May to its lowest annual rate in more than two years, likely taking pressure off…
UK short-term borrowing costs shoot past ‘mini-budget’ crisis levels on strong labor data
LONDON — U.K. borrowing costs, as measured by the yield on short-dated government bonds, rose above levels last seen following…
Inflation report Tuesday will be critical for the direction of Fed policy
Inflation data from May will show that the price increases that have been bedeviling consumers for the past two years…
Inflation outlook hits two-year low in latest New York Fed survey
Consumers are growing more optimistic that inflation is on the way down, according to a New York Federal Reserve survey…
Jobless claims increase more than expected to their highest since October 2021
First-time jobless claims rose sharply last week in a potential sign that the labor market is softening up after more…
Euro zone enters recession after Germany, Ireland growth revision
The euro zone entered a recession in the first quarter of this year, and economists are not optimistic for the…
World Bank sees major economies growing at much slower pace thanks to higher rates and banking stress
Higher rates and overhangs from this year’s banking crisis will drastically slow economic growth for the biggest global economies, the…
Unemployment dropped among Hispanic men and women in May but rose for Black workers
The U.S. unemployment rate rose in May, but declined for Hispanic workers, according to the latest nonfarm payrolls report. The…
Here’s where the jobs are for May 2023 — in one chart
The U.S. payrolls report for May blew past expectations, supported by strong jobs gains in the professional and business services…
