The Latest Breaking News on Economy

The number of Americans filing for jobless benefits rose slightly last week despite the Federal Reserve’s year-long battle against inflation that’s intended to cool the economy and the tight labor market

Britain’s central bank is under pressure make another big interest rate hike Thursday

New interest base rate announced amid ongoing cost of living crisis

The Federal Reserve delivered its bluntest reckoning Wednesday of what it will take to finally tame painfully high inflation: Slower growth, higher unemployment and potentially a recession

According to business analysts, the Fed hasn't made a move against inflation quite this aggressive since the 1980s

New forecasts show the central bank envisions a weaker economy in the coming years.

Today, the Government announced a cap on energy bills for businesses from October, which is intended to help them survive in the harsh economic winter. Small- and medium-sized companies in particular need stability and help with rising prices. Today’s announcement will provide some relief and the clarity they have been…

Paul F. Gruenwald, S&P global chief economist, said a lot depends on how global fund flows behave if there is a recession in the U.S. and Europe.

Figure of £11.8bn comes as high inflation drives interest payments to a record for the month

Capping electricity and gas for six months won’t provide long-term security, schools and hospitality firms fear, as business secretary hints at more support

ONS said central government debt interest payable was £8.2 billion in August 2022, £1.5 billion more than in August 2021