The Latest Breaking News on Economy

Federal Reserve officials at their last meeting stressed their commitment to taming “unacceptably high’’ inflation before announcing that they were raising their benchmark interest rate by a substantial three-quarters of a point for a third straight time and signaling more large rate hikes ahead

Employers have added 3.5 million jobs so far this year, among the fastest pace in 28 years and a remarkable feat considering the number of headwinds powerful enough to knock hiring off course — from boiling inflation to the fastest Federal Reserve rate hikes in four decades.

THE risk of a recession has risen after the UK’s economy shrank in August as factories and consumer services firms struggled, according to…

Cabinet minister clashes with BBC host – and reveals his own mortgage payments have gone up

The Chancellor has blamed Vladimir Putin

The economy shrank by 0.3 per cent in August raising new fears of an imminent recession.

"I don't think there will be a recession," he told CNN. "If it is ... we'll move down slightly."

WASHINGTON: President Joe Biden said a recession in the US is possible but that any downturn would be “very slight” and that the US economy is resilient enough to ride out the turbulence.

The post-Covid recovery has run out of steam. The latest update to the Brookings-Financial Times Tracking Indexes for the Global Economic Recovery (Tiger) shows that growth momentum, as well as financial market and confidence indicators, have deteriorated markedly around the world in recent months, many countries are either in or…