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The 1% climb in real pay was the fastest in five years, and twice the five-year average leading into the pandemicGet our breaking news email, free app or daily news podcastAustralian workers are clawing back the hit to their living standards from the h…
Bureau of Labor Statistics figures show April inflation rate of 2.3% as Americans report economic anxiety under TrumpUS politics live – latest updatesThe pace of inflation slowed in April, the month that Donald Trump announced his sweeping “liberation …
Move follows run of downbeat economic data and looks to cushion UK from Trump’s trade war falloutExplainer: what does it mean for mortgages and savings?Analysis: mood-boosting rate cut is a fillip for Reeves but leaves future uncertainBusiness live – l…
Kathy Hochul announces ‘first-ever’ plans to distribute $2bn, as well as plans for free meals for 2.7 million studentsNew York governor, Kathy Hochul, announced that the state will be distributing inflation refund checks to more than 8 million New York…
Markets suggest quarter-point reduction to 4.25% is almost certain but some economists say Bank must go furtherThe Bank of England is poised to cut interest rates on Thursday amid growing concerns over the hit to UK jobs and growth from Donald Trump’s …
Headline inflation – which includes the impact of government cost-of-living policies such as rebates – held steady at 2.4% in the year to MarchElection 2025 live updates: Australia federal election campaignPolls tracker; Election guide; Interactive sea…
As the Australian economy turns, the Coalition finds itself out of step with the electorate Polls tracker; election guide; full federal election coverageAnywhere but Canberra; interactive electorates guideListen to the latest episode of our new narrati…
President, whose tariffs has caused turmoil, said Jerome Powell is ‘always too late and wrong’ with rate policyDonald Trump early on Thursday condemned the Federal Reserve chair, Jerome Powell, for not lowering US interest rates, and expressed a wish f…
Carl Cowling says there is ‘no logic’ in why there would be inflation as east Asian suppliers seek alternatives to the USDonald Trump’s tariff war is more likely to lead to price cuts than inflation for many retailers in the UK, according to the boss o…
Worsening global outlook makes ‘gradual and careful’ approach on interest rates by Bank of England more difficultUK inflation falls to 2.6%, increasing pressure on Bank to cut interest ratesBusiness live – latest updatesCooling inflation, resilient wag…