People shelter from the rain under a Union flag umbrella as they walk past blooming spring flowers in St. James’s Park in central London on April 10, 2024. Justin Tallis | Afp | Getty Images LONDON – The United Kingdom’s gross domestic product rose 0.1% in February, the Office for National Statistics said on Friday,…
A measure of wholesale prices rose less than expected in March, perhaps providing some relief from fears that inflation will remain higher for longer than many economists had expected. The producer price index rose 0.2% for the month, less than the Dow Jones consensus estimate of 0.3% and not as large as the 0.6% increase…
The increase in international trade, Mr. Kelly added, can often offset slowing domestic demand as companies can find customers around the world thanks to the Internet. And the growth of the services sector, he concluded, “has made the economy more stable and, more importantly, less vulnerable to interest rates.” Many economists don’t feel so confident….
Christine Lagarde, President of the European Central Bank (ECB), at a press conference on the interest rate decision in Frankfurt on Thursday, March 7, 2024. Bloomberg | Bloomberg | Getty Images The European Central Bank held interest rates steady for the fifth consecutive day on Thursday, giving its clearest signal yet of an impending rate…
America seemed headed for an economic fairytale that would end at the end of 2023. The painfully rapid inflation that had set in in 2021 appeared to be cooling in earnest, and economic growth was beginning to slow following a series of interest rate hikes from the Federal Reserve. But 2024 has brought with it…
Container ships of international long-distance lines, including from Europe, Africa, India, Pakistan and Southeast Asia, load and unload containers at the container terminal of the Qianwan port area of Qingdao Port in Qingdao, China, April 4, 2024. Photo only | Getty Images The World Trade Organization said on Wednesday it expects global trade to gradually…
Traders work on the floor of the New York Stock Exchange during afternoon trading on April 9, 2024 in New York City. Michael M. Santiago | Getty Images As recently as January, investors had high hopes that the Federal Reserve was about to launch a rate-cutting campaign that would reverse some of the most aggressive…
The consumer price index accelerated faster than expected in March, pushing up inflation and likely dashing hopes that the Federal Reserve can cut interest rates soon. The consumer price index (CPI), a broad measure of the cost of goods and services across the economy, rose 0.4% for the month, representing a 12-month inflation rate of…
Gasoline prices are displayed at a gas station in Chicago, Illinois on March 12, 2024. Scott Olson | Getty Images A closely watched report from the Labor Department expected on Wednesday is expected to show that little progress is being made in the fight against inflation. If so, that would be bad news for consumers,…
A man checks the label on a jar of vitamins at a Costco wholesale store on April 3, 2024 in Colchester, Vermont. Robert Nickelsberg | Getty Images Small business confidence hit its lowest level in more than 11 years in March as owners feared inflation was still a major problem. At a time when other…
