The Swiss national flag hangs from the Federal Palace, Switzerland's parliament building, in Bern, Switzerland, on Thursday, Dec. 13, 2018. The Swiss National Bank cut its inflation forecast and showed no inclination of moving off its crisis-era settings, citing the francs strength and mounting global risks. Photographer: Stefan Wermuth/Bloomberg via Getty...
Christine Lagarde, president of the European Central Bank, at the ECB And Its Watchers conference in Frankfurt, Germany, on March 20, 2024. Bloomberg | Bloomberg | Getty ImagesEuropean Central Bank chief Christine Lagarde on Wednesday reiterated that June is the month in which policymakers will consider bringing interest rates lower."By...
A picture taken on August 14, 2018 shows the logo of Turkey's Central Bank at the entrance of its headquarters in Ankara, Turkey.ADEM ALTAN | AFP | Getty ImagesTurkey's central bank is opting for a different monetary tightening method as it grapples with climbing inflation, after previously signaling that...
Gas prices are displayed at a gas station on March 12, 2024 in Chicago, Illinois. Scott Olson | Getty ImagesFrom consumer and wholesale prices to longer-term public expectations, inflation served up multiple reminders this week that it isn't going away anytime soon.Data across the board showed pressures increasing at faster...
A customer shops for food at a grocery store on March 12, 2024 in San Rafael, California. Justin Sullivan | Getty Images News | Getty ImagesWholesale prices accelerated at a faster than expected pace in February, another reminder that inflation remains a troublesome issue for the U.S. economy.The producer price...
The European Central Bank must take its time to get interest rate cuts right, its chief economist, Philip Lane, said Thursday."A lot of evidence is accumulating, but what's also fair to say is that the transition from this holding phase, we've been on hold since last September since a...
People walk along Waterloo Bridge past the City of London skyline, the capital's financial district, on a sunny and mild day.Sopa Images | Lightrocket | Getty ImagesLONDON — U.K. gross domestic product grew 0.2% in January, the Office for National Statistics said Wednesday, as construction output jumped unexpectedly.The headline...
Fresh chicken breasts are displayed for sale in the meat area of a Sprouts Farmers Market grocery store in Redondo Beach, California on February 23, 2024. Patrick T. Fallon | AFP | Getty ImagesInflation rose again in February, keeping the Federal Reserve on course to wait at least until the...
Customers shop in a Walmart Supercenter on February 20, 2024 in Hallandale Beach, Florida. Joe Raedle | Getty Images News | Getty ImagesConsumer spending bounced back in February from a January dip, with a little help from Leap Day. But sales still registered good gains even after correcting for that...
Shoppers are seen in a Kroger supermarket on October 14, 2022, in Atlanta, Georgia. Elijah Nouvelage | AFP | Getty ImagesRising gasoline prices likely put a floor under inflation in February, potentially reinforcing the Federal Reserve's decision to take a go-slow approach with interest rate reductions.Economists expect that prices across...