US wholesale inflation heated up in May
US wholesale inflation rose slightly in May, driven in part by costlier goods; however, tariff-related…
Browsing: Markets
Inflation Back in the Spotlight as Tariffs Talks Continue
Reports on consumer and wholesale inflation headline the week’s economic data as tariff negotiations between…
US service sector unexpectedly contracts in May; inflation heats up
The US services sector contracted for the first time in nearly a year in May…
Gold heads for weekly loss as dollar ticks higher, US inflation report in focus
Gold prices fell on Friday and were headed for weekly loss amid a slight uptick…
IMF raises UK growth forecast as it warns on tax and spending
The UK economy is forecast to grow slightly more than previously expected in 2025, but…
US business activity improves in May; inflation poised to accelerate sharply
U.S. business activity picked up in May amid a truce in the trade war between…
Powell warns of more volatile inflation as latest data shows impact from tariffs
US wholesale prices sank in April, logging their biggest monthly drop since Covid stifled the…
Fed warns of stagflation while Trump signals a hard line in China talks
The central bank said the risks of higher unemployment and higher inflation have both climbed.…
Federal Reserve to face tough balancing act between fighting inflation and lifting growth
Trump again slammed Federal Reserve Chair Jerome Powell after the central bank held interest rates…
US consumer confidence hits a low not seen since the pandemic
Trump’s tariffs have triggered economic anxiety, fuelling recession fears and inflation expectations Americans’ confidence in…