Inflation in the U.K. eased to 3.2% in March, the Office for National Statistics said on Wednesday.That was slightly higher than the forecast from economists polled by Reuters of 3.1%, but was down from 3.4% in February.Food prices provided the biggest downward drag on the headline rate, the ONS...
Crowds walk below neon signs on Nanjing Road. The street is the main shopping district of the city and one of the world's busiest shopping districts.Nikada | E+ | Getty ImagesThe International Monetary Fund on Tuesday slightly raised its global growth forecast, saying the economy had proven "surprisingly resilient"...
U.S. Federal Reserve Chair Jerome Powell holds a press conference following a two-day meeting of the Federal Open Market Committee on interest rate policy in Washington, U.S., March 20, 2024.Elizabeth Frantz | ReutersThe U.S. economy could be headed for stormy waters in 2025 if the Federal Reserve does not...
Rising inflation in March didn't deter consumers, who continued shopping at a more rapid pace than anticipated, the Commerce Department reported Monday.Retail sales increased 0.7% for the month, considerably faster than the Dow Jones consensus forecast for a 0.3% rise, according to Census Bureau data that is adjusted for...
A sign advertising units for rent is displayed outside of a Manhattan building on April 11, 2024 in New York City.Spencer Platt | Getty ImagesThe early data is in for the path of inflation during the first three months of 2024, and the news so far is, well, not...
Beyonce leaves the Luar fashion show at 154 Scott in Brooklyn during New York Fashion Week on February 13, 2024 in New York City. James Devaney | GC Images | Getty ImagesWestern boots have a new protector in Beyoncé.The country fashion staple's sales surged more than 20% in the week...
DUBAI, UNITED ARAB EMIRATES - DECEMBER 04: Larry Fink, CEO of Blackrock, speaks at a roundtable discussion titled: "Financing the New Climate Economy," during which he described the urgent need for a "new financial landscape" for funding investments into the global energy transition on day five of the UNFCCC...
JPMorgan Chase CEO and Chairman Jamie Dimon gestures as he speaks during the U.S. Senate Banking, Housing and Urban Affairs Committee oversight hearing on Wall Street firms, on Capitol Hill in Washington, U.S., December 6, 2023. Evelyn Hockstein | ReutersJPMorgan Chase CEO Jamie Dimon warned Friday that multiple challenges, primarily...
Plane contrails streak across the sky over Regent Street on February 15, 2024 in London, England. Dan Kitwood | Getty ImagesLONDON — The U.K. gross domestic product rose 0.1% in February, the Office for National Statistics said on Friday, providing another sign of a return to sluggish economic growth this...
A measure of wholesale prices increased less than expected in March, providing some potential relief from worries that inflation will hold higher for longer than many economists had expected.The producer price index rose 0.2% for the month, less than the 0.3% estimate from the Dow Jones consensus and not...