Exact rate wages are rising revealed – what it means for your money
WAGES are rising for millions of workers across the UK, new figures reveal. Growth in regular pay, excluding bonuses, grew by 6% between January and…
Column: A lesson from Trump, Biden — nonstop crises are the new normal
WASHINGTON — A poll published by the Economist this month included a finding that was striking yet unsurprising: Almost 7 in 10 Americans believe things in…
Stubborn Inflation Poses Risk to Recently Upgraded US Forecasts for Economic Growth
Breadcrumb Trail LinksPMN BusinessSo far, 2024 isn’t going quite how it was supposed to for the US economy: Inflation has been higher than expected and…
We’ve been told to expect a cautious budget, but will it satisfy an impatient public?
"Economic management", a well-worn political trope even in ordinary times, has been especially prominent in the lead-up to the Albanese government's third federal budget on…
Urgent warning for thousands of energy customers hit with ‘rip-off’ fees and higher bills after using switching tool
Tens of thousands of homes could have been shifted to energy tariffs with expensive exit fees after signing up to a tool that is supposed…
Chancellor Jeremy Hunt urges Bank of England to not cut rates too quickly and risk raising them again
CHANCELLOR Jeremy Hunt yesterday urged the Bank of England not to cut rates too quickly and risk raising them again. The Bank kept rates at…
Ken Henry knows a thing or two about federal budgets. His message for Jim Chalmers? Hold steady
There aren't many economists willing to depart from the line that Tuesday's budget must tighten the belt on spending and be "contractionary" to prevent another…
ECB’s Wunsch Warns That Risks to Inflation Outlook Persist
Breadcrumb Trail LinksPMN BusinessEuropean Central Bank Governing Council member Pierre Wunsch still sees dangers for consumer prices – including a weaker euro should monetary policy…
U.S. Federal Reserve left interest rates unchanged at 5.25 – 5.5 percent
The Federal Reserve of the United States decided to maintain interest rates at a 22-year high of 5.25 percent to 5.5 percent, based on recent…
US Fed keeps interest rates at 23-year high amid stubborn inflation | Inflation
US central bank keeps benchmark rate at 5.25-5.50% after series of economic reports undercut hopes of easing inflation. The US Federal Reserve has held interest…
Macklem says two per cent inflation target necessary
Breadcrumb Trail LinksNewsEconomyBankingSenators questioned whether Bank of Canada should just change its inflation target to give Canadians relief on high mortgage rates Get the latest…
Angola’s GDP up 0.9 amid pressures of currency devaluation and inflation
Angola’s economy experienced a 0.9 percent growth in GDP in 2023, as reported by the National Bank of Angola (BNA). The BNA’s Annual Report and…
Small businesses at growing risk of collapse as big businesses become more financially secure
In short: Credit reporting firm illion finds that the number of small businesses at risk of collapse has jumped by 20 per cent in a…
Federal Reserve expected to leave interest rates unchanged amid poor inflation data
The Fed was expected Wednesday to leave interest rates unchanged due to inflation that's still above the Fed's 2% threshold. Fed Chair Jerome Powell has…
Markets this week: Focus will be on Eurozone CPI and Fed Rate Decision
This week, the financial market will centre on the Eurozone's flash CPI data for insights into the ECB's rate path, while attention will also be…
Profits at Lloyds fall after bank squeezed to increase rates for savings accounts customers
PROFITS at Lloyds have fallen by more than a quarter after the bank faced more pressure to increase rates for savings accounts customers. Britain’s biggest…
How Primark has the ‘perfect formula for online shopping’ as it shuns home deliveries & expands click & collect services
FASHION powerhouse Primark says it has the winning formula for online shopping — as it continues to shun home deliveries. The low-cost retailer yesterday said…
States’ inflation varies, in part due to domestic migration
States with the highest population gains in recent years generally see higher inflation rates -- including the price of food -- than those that have…
Cost of fish and chips set to rise as heavy rain hits vegetable oil production
THE cost of fish and chips is set to rise after months of rain hit vegetable oil production. Flooded land has ruined British rapeseed crops…
Fed’s Preferred Inflation Gauge Is Set to Back Rate-Cut Patience
Breadcrumb Trail LinksPMN BusinessFederal Reserve officials are about get further confirmation that inflation progress has stalled, supporting what appears to be a shift in tone…