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City predicts quarter-point drop to 4% when MPC meets on ThursdayBank of England policymakers are widely expected to cut interest rates this week to prevent the economy sliding backwards amid rising unemployment and the hit to global trade from Donald …
Burger, sausage and chicken prices soar, while cost of cheese slices, brioche buns and soft drinks also risesThe weather is not the only thing putting a dampener on impromptu barbecues as consumers balk at the soaring cost of burgers, sausages and chic…
Two Federal Reserve governors vote against decision as US GDP grows at an annual rate of 3% in second quarterThe US Federal Reserve left its benchmark interest rate unchanged on Wednesday, even amid intense pressure from Donald Trump to lower rates.Des…
There’s no convincing argument for the RBA not to cut interest rates on 12 August as economists say they are acting as a break on the economyFollow our Australia news live blog for latest updatesGet our breaking news email, free app or daily news podca…
Every company at every stage of the supply chain will try to pass on the cost of US tariffs, as much as possibleBurying the hatchet with Brussels, Donald Trump – flanked by the leader of the European Commission – hailed a bold new era of transatlantic …
CPI figures released on Wednesday will determine whether millions of mortgaged Australians will get a rate cut next month, economists sayGet our breaking news email, free app or daily news podcastConsumer price figures released on Wednesday will determ…
Exclusive: Increasingly extreme weather a threat to production and supply chains in Britain and elsewhere Britain is at risk of a worsening “climateflation” crisis amid the fallout from increasingly extreme weather that could drive up food prices by mo…
The White House is trying to drive out the Federal Reserve chair. Critics warn it would be a costly bid to pass the buckMemo from the White House: inflation is “right on track”, it declared this week, citing the latest official data. Price growth is no…
ONS data shows jobless rate climbing to highest rate since June 2021 with growth in average earnings slowing to 5%.Analysis: the UK jobs market is cooling, not collapsingBusiness live – updatesUnemployment climbed and wage growth slowed in the three mo…
Analysts say pressure will be on Bank to keep interest rates higher for longer, as consumers’ mood stays gloomyUK inflation rises unexpectedly to 3.6%Business live – latest updatesFor anyone hoping the Bank of England will pick up the pace of interest …