The BoE is also grappling with sagging UK business confidence and surveys point to corporate redundancies. Data suggests the UK economy probably failed to grow in the final months of 2024.

Some of the impact will be offset by the weaker Mexican peso and Canadian dollar, but Trump at least nodded to the inflationary risks by putting in place a lower 10 per cent tariff on energy resources ...

Nearly half of Americans (45 percent) said they have applied for a loan or financial product in the past 12 months since ...

Donald Trump faced a backlash from business groups and some in his own Republican party after kicking off a trade war by imposing steep tariffs on three of the US’s largest trading partners.

Investors favored the US dollar in early Asia trading and stocks and equity futures slid after President Donald Trump carried out his threat to impose general levies of 25% on Canada and Mexico and 10 ...

In response to rising inflation, the federal government has authorized stimulus payments to residents in select U.S. cities and states. Discover who qualifies for these payments in February and how ...

Steady food prices coupled with manageable transport and utility costs could have led to inflation edging down last month, ...

Federal Reserve officials are closely watching the levies, given the expectation that such policies could lead to higher ...

Last week the Federal Reserve described the US labour market as “solid” and noted that the unemployment rate had stabilised. This week’s monthly jobs report on Friday will put that view to the test.

Even inflation this low could feed consumer frustration, workplace friction and an inflationary psychology.

Reuters, the news and media division of Thomson Reuters, is the world’s largest multimedia news provider, reaching billions ...

Risk of rising consumer prices is sensitive area for investors; stocks, high risk assets at risk; provision allows Trump to increase size and scope of tariffs ...