The Latest Breaking News from Inflation

Consumer prices climbed 3.4% year-on-year in April.

The chancellor will have good news to pass on this week. But he knows the cost of living crisis may not be over yet

Companies across different sectors helped fuel highest closing in the 139-year-old index’s history

Dimon said the deficit isn’t going to be a calamity anytime soon, but it’s making inflation worse and could prompt financial markets to force tough choices later.

The S&P 500 Index ($SPX ) (SPY ) Friday closed up +0.12%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed up +0.34%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed down -0.06%. US stock indexes settled mixed on Friday as they consolidated just below this week’s...

The S&P 500 has powered to an all-time high and faces a key test.

The dollar index (DXY00 ) on Friday fell by -0.01%. The dollar was under pressure Friday on dovish comments from Atlanta Fed President Bostic, who said if the outlook unfolds as he expects, “it will be appropriate to cut interest rates this year.“ Friday’s weaker-than-expected report on US Apr leading...

Chancellor seems to cherrypick data as he tries to outline how the Tories have got the country back on its feet

Quantitative tightening is the Fed’s process of reducing its balance sheet. After purchasing debt securities during and after the 2020 global pandemic, the U.S. central bank has allowed those purchases to roll off its balance sheet since March 2022. At the early May FOMC meeting, the Fed told markets it…