The Latest Breaking News on Economy

Drop in consumer prices index had been forecast but costs continue to rise, adding to pressure on ministers to raise pay

Further monetary tightening will be gradual and measured, and can be adjusted if necessary, after the monetary policy committee raised its key interest rate late last month, minutes of the meeting showed on Wednesday.

Washington (AFP) - US central bankers opened the second day of a key policy meeting Wednesday, with growing anticipation of a smaller hike to the Fed's benchmark lending rate as surging inflation shows signs of easing.

WASHINGTON — A key gauge of U.S. consumer prices posted the smallest monthly advance in more than a year, indicating the worst of inflation has likely passed and validating an anticipated slowing in the pace of Federal Reserve interest-rate hikes.

Last week, I discussed all of the reports we had coming due before the Fed's December meeting (and rate hike announcement)...including the very important Consumer Price Index (CPI) report that was released this morning. It felt premature to send out my pre-Fed meeting market commentary before that last important inflation…

Washington (AFP) - Negotiations to ward off a US government shutdown went into overdrive Tuesday, with lawmakers struggling to craft a temporary budget bill that needs approval by Friday to avoid paralysis of federal services.

The duty-free access for nearly 40 African countries in a 22-year-old U.S. trade program is no longer enough to boost their development and a focus on improving investment is needed, U.S. Trade Representative Katherine Tai said on Tuesday.

The move could help save North Ayrshire Council more than £250,000.

Key inflation drivers — housing, goods and services — are all pointing in a favorable direction.

'Central banks [are] pushing policy rates up to levels that damage economic activity,' BlackRock said.

Vacancies in sectors most reliant on EU workers not translating into higher wages