Breaking News: Economy

Jamie Dimon warns that inflation, wars and Fed policy pose major threats ahead

JPMorgan Chase CEO Jamie Dimon warned Friday that multiple challenges, primarily inflation and war, threaten an otherwise positive economic backdrop.…

UK economy posts 0.1% growth in February in further sign of recession rebound

LONDON — U.K. gross domestic product rose 0.1% in February, the Office for National Statistics said Friday, providing another sign…

Physical gold offers more protection than mining stocks, says State Street’s George Milling-Stanley

Investors looking to weather a volatile market may want to opt for physical gold over gold stocks. That’s according to…

Wholesale prices rose 0.2% in March, less than expected

A measure of wholesale prices increased less than expected in March, providing some potential relief from worries that inflation will…

Fed wants more confidence that inflation is moving toward 2% target, meeting minutes indicate

Federal Reserve officials at their March meeting expressed concern that inflation wasn’t moving lower quickly enough, though they still expected…

Hot inflation data pushes market’s rate cut expectations to September

As recently as January, investors had high hopes that the Federal Reserve was about to embark on a rate-cutting campaign…

Trump slams Biden for ‘raging’ inflation after hotter-than-expected March price report

Donald Trump on Wednesday pounced on President Joe Biden after March’s consumer price index came in higher than expected, notching…

Consumer prices rose 3.5% from a year ago in March, more than expected

The consumer price index accelerated at a faster-than-expected pace in March, pushing inflation higher and likely dashing hopes that the…

WTO forecasts rebound in global trade but keeps geopolitical risks in focus

The World Trade Organization on Wednesday said that it expects global trade to rebound gradually this year, before rising further…