The Bank of England has kept interest rates unchanged at 5.25% for the fifth consecutive meeting, as inflation remains stubbornly above target. Governor Andrew Bailey signals cautious optimism but warns of persistent risks.
The US economy expanded at a faster-than-expected pace in Q4 2023, driven by robust consumer spending despite high interest rates. Economists remain cautiously optimistic about 2024.
The US Federal Reserve has decided to maintain current interest rates, citing mixed economic signals and persistent inflation concerns. Analysts weigh in on the implications for global markets.
British households are saving more amid rising wages and easing inflation, signalling stronger financial confidence. Experts weigh in on the trend.
While lower inflation is often celebrated, its flip side—slow economic growth—could pose significant risks. Experts warn of potential pitfalls as Australia navigates this delicate balance.
The Reserve Bank of Australia has made a significant announcement regarding inflation, offering potential relief to millions of homeowners struggling with mortgage repayments.
The International Monetary Fund has downgraded the UK's economic growth forecast, warning of stagnation under Labour's policies. Britain risks falling behind G7 rivals as inflation and weak productivity persist.
US stocks tumbled amid renewed inflation concerns, with the Dow Jones dropping sharply. Investors brace for potential Fed rate hikes as market volatility rises.
Cash-strapped Brits are turning away from high street retailers as food inflation continues to squeeze household budgets, new data reveals.
As inflation bites, American pet owners are making heartbreaking choices, with shelters reporting a surge in abandoned dogs due to soaring food and vet bills.
New data reveals alarming spikes in food prices across the UK, with meat and tea leading the surge. Discover how inflation is impacting household budgets.
Shop prices in the UK have fallen for the first time in over two years, offering much-needed relief to struggling families as inflation slows. The British Retail Consortium reports a 0.1% decline in June.
Former US President Donald Trump has proposed imposing tariffs on EU imports if re-elected, raising fears of a trade war and higher inflation. Experts warn of economic fallout.
The Reserve Bank of Australia faces a critical decision on interest rates as new inflation figures set the stage for potential cuts. Experts weigh in on the economic outlook.
Heineken reports a drop in beer sales as consumers cut back due to rising inflation and economic pressures. Key brands like Amstel and Moretti affected.
A stark new study reveals climate change-driven inflation could hike UK food prices by more than a third within decades, with severe weather and supply chain disruptions to blame.
Britons' financial outlook improves as inflation eases and wage growth stabilises, according to the latest Office for National Statistics data.
Former US President Donald Trump has launched a scathing critique of Federal Reserve Chair Jerome Powell, accusing him of mismanaging monetary policy. Experts weigh in on the potential economic fallout.
JD Wetherspoon chairman Tim Martin warns of economic challenges ahead, urging government action to support businesses and consumers.
The European Central Bank keeps interest rates unchanged as inflation pressures persist. President Christine Lagarde signals cautious optimism while markets await future policy shifts.
Reserve Bank of Australia Governor Michele Bullock signals caution on rate cuts, demanding clearer inflation trends before easing monetary policy.
Hershey's announces price hikes due to skyrocketing cocoa costs, impacting chocolate lovers worldwide. Find out how much more you'll pay for your favourite treats.
Rising prices for essential school items, driven by tariffs and inflation, are pushing families into debt ahead of the new academic year.
Millions of UK households are struggling with rising costs as government measures fail to keep pace with inflation, leaving families in financial distress.
A recent survey shows Australian employees are pushing for higher wages as inflation bites. Discover the key findings and what it means for the job market.
Hershey announces price hikes due to skyrocketing cocoa costs, impacting chocolate lovers worldwide. Find out why and when the changes take effect.
Employees at Walmart have exposed significant price increases on everyday kitchen staples, sparking concern among budget-conscious shoppers. Find out which products are getting more expensive and why.
Shadow Chancellor Rachel Reeves criticises the government's borrowing strategy, warning of dire economic consequences as inflation continues to rise.
Shadow Chancellor Rachel Reeves questions the reliability of ONS inflation figures, sparking a debate on economic transparency.
Discover which UK supermarkets are thriving and which are struggling as grocery price inflation peaks in July 2025. Find out how your favourite retailer fares.