The Latest Breaking News from Inflation

City Comment: Next week is a big one. Will we see more good news, or will inflation, jobs and retail data kill the mood?

Report by former US Federal Reserve boss reveals faulty economic model and reluctance to admit mistakes

Former US Fed boss Ben Bernanke criticises failure to admit mistakes and change course

June S&P 500 E-Mini futures (ESM24) are down -0.12% this morning as market participants geared up for earnings from big U.S. banks.

The Nordic model encompasses a strong welfare state, protection of workers through collective bargaining, good pension schemes and low levels of poverty. This system has gone hand-in-hand with a progressive approach to issues like gender equality and maternity or paternity leave. But the social model has come under pressure from…

Moody's Analytics projects India's economy to grow 6.1% in 2024, lower than 7.7% in 2023, due to COVID impact.

Since 1980, defense spending has risen by 62%, climbing from $506 billion to $820 billion by 2023, after adjusting for inflation.

The S&P 500 Index ($SPX ) (SPY ) Thursday closed up +0.74%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed down -0.01%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +1.65%. Stock indexes Thursday finished mostly higher, with the Nasdaq 100 posting a 1-week high....

Federal Reserve expected to cut interest rates twice in 2024 due to higher inflation, particularly in auto-related costs.

The dollar index (DXY00 ) on Thursday climbed to a 4-3/4 month high and slightly higher. Higher T-note yields Thursday supported the dollar after the 10-year T-note yield rose to a 4-3/4 month high. Also, Thursday’s US weekly initial unemployment claims report fell more than expected to a 5-week low,...

The recent uptick in US inflation has weakened the case for the Federal Reserve to start cutting interest rates, a senior Fed policymaker told AFP on Thursday.