The Latest Breaking News on Economy

Commentary: Could a return of the lost workers avert a recession?

There’s not much good to say about the U.S. economy today, with out-of-control inflation eroding household incomes and Americans bracing for a recession after gross domestic output shrunk in the first half of 2022.

Tribune News Service · Sep 2, 2022

US jobless claims decline for a third week to a two-month low

Applications for U.S. unemployment insurance fell for a third week to a two-month low, suggesting healthy demand for labor even as economic growth moderates.

Tribune News Service · Sep 1, 2022

RBA’s search for inflation sweet spot tipped to raise interest rates to 2.35 per cent

Households are staring down yet another mortgage bill hike next week, with the Reserve Bank set to pass through its fifth interest rate hike in a row.

The New Daily · Sep 1, 2022

Borrowing costs on UK’s debts hit by biggest monthly rise since 1986

Heaping pressure on incoming prime minister, 10-year government bond yields shoot up to 2.78%

The Guardian - UK · Aug 31, 2022

Pound heads for worst month since 2016 against US dollar; eurozone inflation hits record high – as it happened

Pound and UK government bonds have suffered a torrid month, as Rishi Sunak warns of risk that markets lose faith in UK economy

The Guardian - UK · Aug 31, 2022

Liz Truss warned 'simplistic' tax cut plans would 'completely crash' the economy

Institute for Fiscal Studies boss Paul Johnson tore into the Conservative frontrunner's tax plans - as ex-Chancellor Lord Darling warned of the 'lethal cocktail' facing the British economy from inflation and a looming recession

Daily Mirror · Aug 29, 2022

Central Bankers in Jackson Hole embrace tightening mission ahead

Top officials from the world’s biggest central banks coalesced around a simple message in Jackson Hole this weekend: They are ready to follow through with higher interest rates, even if it does some damage.

Tribune News Service · Aug 29, 2022

Sectors join forces ahead of jobs summit

The national welfare advocate, as well as business and union representatives, are urging the federal government to ensure long-term unemployment is eradicated.

AAP · Aug 28, 2022

Warren says Fed policies could tip US economy into recession

WASHINGTON — Sen. Elizabeth Warren took aim at the Federal Reserve’s inflation-fighting game plan on Sunday, saying she was worried the central bank will tip the U.S. economy into a recession.

Tribune News Service · Aug 28, 2022

Johnson: Golden future to follow ‘tough’ spell for resilient Britain

The outgoing PM predicted that the UK will emerge ‘stronger and more prosperous the other side’ of the cost-of-living crisis.

The Independent UK · Aug 27, 2022