The Latest Breaking News on Economy

Bank of England still expects UK to enter ‘shallow’ recession

Break in Premier League games helps fuel economy slowdown

Federal Reserve Chair Jerome Powell said Tuesday that last week’s blockbuster U.S. jobs report showed it would likely take time to curb high inflation but that he expects a “significant decline” in inflation this year

Cooling inflation and a tight labor market have raised optimism that the economy might avoid a recession. As the global economic outlook turns optimistic, it could be wise to add quality stocks with solid fundamentals, Marathon Petroleum (MPC), HF Sinclair (DINO), and Overseas Shipholding (OSG), which look well-positioned to soar…

Investor optimism has increased considerably in the past few weeks thanks to cooling inflation figures, the Fed’s downshift on monetary tightening, and fading recession fears. Moreover, a strong job report reflects a fairly resilient economy. As the prospects for the global economy are improving, investors could consider buying fundamentally strong…

More disruption likely as pay disputes go unresolved and industrial action continues

Mortgage holders likely to feel immediate pain but RBA indicates further increases to come in attempt to bring inflation under control

When Emily and Jimmy Black bought their first home in September 2020, their mortgage repayments were tough but manageable. Fast forward less than two years and things are looking very different.

The Reserve Bank has raised interest rates to a decade high 3.35 per cent at its first meeting of the year in a bid to curb sky-high inflation