The Bank of England on Thursday halved its forecast for UK economic growth this year, blaming global risks amid US tariff threats and deteriorating business confidence in the UK. The sharp downgrade, ...

The Federal Reserve's preferred inflation measure showed price rises accelerated slightly in December, moving further away from the central bank's 2% target. The personal-consumption expenditures, or ...

Under Labor, federal government spending as a proportion of the economy is at the highest level in almost four decades ...

The central bank needs to see further progress on inflation or weakness in the labor market to resume interest rate cuts.

Bessent repeated his view that expanding energy supply will help lower inflation. For working-class Americans, “the energy ...

U.S. inflation increased by the most in eight months in December amid robust consumer spending on goods and services, ...

On Feb. 3, 2025, gold bullion reached an all-time high above $2,830 per ounce before retreating slightly. It closed up 0.6% after Trump announced a one-month delay on his planned 25% tariffs against ...

I would like to see progress in lowering inflation resume before we make further adjustments” to the main interest rate, Federal Reserve Governor Michelle Bowman said.

The European Central Bank cut rates on Thursday, the Bank of Canada on Wednesday, and the Bank of England is likely to do so next week.

Federal Reserve officials are treading cautiously on interest rates against a backdrop of sturdy US economic activity and a healthy labor market as officials await policy moves from the Trump ...

US gross domestic product grew by 2.8% in 2024, compared with just 0.7% in the Eurozone. Plagued by structural weaknesses and high energy costs, Europe is being led by the US in terms of growth, ...

Across a number of metrics, the labor market looks remarkably stable even as it has cooled. Monthly jobs growth has stayed solid and the unemployment rate has barely budged from its current level of 4 ...