Key Fed inflation measure shows prices rose just 0.3% in May
Inflation pressures eased slightly in May as consumer spending slowed considerably, according to a Commerce Department report released Friday. The…
First-quarter economic growth was actually 2%, up from 1.3% first reported in major GDP revision
The U.S. economy showed much stronger-than-expected growth in the first quarter than previously thought, according to a big upward revision…
A U.S. recession is coming this year, HSBC Asset Management warns — with Europe to follow in 2024
The U.S. will enter a downturn in the fourth quarter, followed by a “year of contraction and a European recession…
Markets are pricing in rate cuts too soon, IMF’s Gopinath says
Major central banks will have to keep interest rates high for much longer than some investors expect, Gita Gopinath, first…
Corporate bankruptcies and defaults are surging – here’s why
The Federal Reserve plans to keep hiking interest rates to stem inflation, which means an increase in corporate default rates…
European business activity slows in June as higher interest rates begin to bite
Business activity growth in Europe slowed in June, pointing to a difficult end to the second quarter, according to preliminary…
This investment manager is looking to bridge the racial wealth gap
Black people in America won their personal freedom 158 years ago. Economic freedom, though, has been far more elusive. Veteran…
Brits are facing a major mortgage crisis as lending rates soar
LONDON — U.K. borrowers are facing a cliff edge that could damage the economy as rising mortgage costs hit deal…
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…
