UK inflation rate remains the same – what it means for your money
THE UK's rate of inflation remained unchanged in June, according to fresh figures from the Office for National Statistics (ONS).Consumer Prices Index (CPI) inflation stood…
The Trump economy: Slower growth, higher prices and a bigger national debt | Financial Markets News
If Donald Trump is re-elected president of the United States in November, Americans can expect higher inflation, slower economic growth and a larger national debt,…
Fed Chair Jerome Powell backs interest rate cut before inflation drops to 2%
Jerome Powell, chairman of the Federal Reserve, testifies at the Senate Banking, Housing, and Urban Affairs hearing on March 7. On Monday at the Economic…
Charting the Global Economy: US Inflation Cools, Political Gridlock Grips France
Breadcrumb Trail LinksPMN BusinessUnderlying US inflation cooled in June to the slowest pace since 2021 on the back of a long-awaited slowdown in housing costs,…
How is climate change affecting food prices and inflation? | Food
Disruption to food supplies hits both wealthy and poor nations.Climate change is disrupting food production and supply worldwide. Crops, fruit, livestock and transport are all…
US Inflation Data to Bolster Case for Fed Interest-Rate Cut in September
Breadcrumb Trail LinksPMN BusinessForecasters expect a monthly report on US consumer prices to show the smallest back-to-back increases in underlying inflation since last summer, adding…
US Fed’s Powell cites slowing job market in signal rate cuts may be coming | Inflation News
The United States Federal Reserve faces a cooling job market as well as persistently high prices, Chairman Jerome Powell has said in testimony to the…
Sainsbury’s slashes price of posh ready meal scanning at tills for just 10p instead of £6
SAINSBURY'S have slashed the price of a £6 posh ready meal to just 10p.Shoppers were left stunned after one punter revealed her bargain buy from…
Ahead in the markets: European election effects and US inflation data
This week, investors will closely monitor the market reactions to the French election in Europe. Additionally, both China and the US are set to release…
Fed’s Powell Testifies as Inflation, Hiring Cool
Breadcrumb Trail LinksPMN BusinessJerome Powell is likely to tell lawmakers that Federal Reserve officials need further confirmation inflation is slowing before they’re in a position…
ECB raises concerns over delayed rate cuts, but hawks object
The latest ECB monetary policy accounts reveal officials made a judgement call to cut rates, fearing that waiting too long for inflation confirmation would increase…
Americans swat away high fuel prices and gear up for record July 4 travels | Business and Economy News
Record 71 million people are expected to travel on upcoming long weekend, a growth trajectory similar to pre-pandemic. High fuel costs and the threat of…
31%: The jump in food prices irking UK voters as they go to the polls | Business and Economy
As voters in the United Kingdom go to the polls to choose their next government, the rising cost of living is among the top issues…
Eurozone inflation slows to 2.5% in June, boosting ECB rate cut hopes
Eurozone inflation eased to 2.5% in June, in line with expectations. Belgium's inflation hit a 10-month high, while Germany saw a decline. ADVERTISEMENTFollowing a brief…
Biden and Trump expected to brawl in first 2024 debate
The earliest general election debate in a U.S. presidential contest is set to begin Thursday night, with President Biden and former President Trump expected to…
Biden Inflation Reduction Act temporarily lowers Medicare costs for 64 drugs
The Department of Health and Human Services said Wednesday that the Biden Inflation Reduction Act is lowering the prices of 64 drugs used by Medicare…
16 progressive economists claim Trump would ‘reignite inflation’
Sixteen progressive Nobel Prize-winning economists say policies proposed by former President Donald Trump would "reignite inflation" if he wins the Nov. 5 general election over…
16 Nobel Prize-winning economists warn Trump would ‘reignite’ inflation | Inflation
Joseph E Stiglitz and other Nobel laureates say former president threatens US’s standing in the world. Sixteen Nobel prize-winning economists have signed a letter warning…
Yellen to announce efforts to boost home supply as US election looms | Housing News
Increased attention to home prices comes as the housing crunch becomes an increasing issue in upcoming elections. The Biden administration is announcing new steps to…
Markets look ahead: Global inflation data takes centre stage
The week will feature inflation readings from major economies, providing clues about the interest rate trajectory of central banks. ADVERTISEMENTMarket focus will be on inflation…