The Latest Breaking News from International Monetary Fund

NEWS ANALYSIS: As Rachel Reeves prepares for a career defining speech in Washington DC, political editor David Maddox looks at the competing forces turning her dreams of economic growth into a nightmare

The majority of Americans now fear a recession, even as Donald Trump conceded ultra-high tariffs on China would fall but would not hit zero

Donald Trump says tariffs on China will be dropped “substantially” as IMF warns of ‘major negative shock’ from tariffs – key US politics stories from 22 April

Rachel Reeves will meet American counterpart Scott Bessant for talks on an economic deal between the US and UK

Australia expected to lose $13bn in output thanks to Trump tariffs, body says; Nine awards third debate to Peter Dutton after familiar exchanges

Predictions for U.S. and global economic growth are down since January.

The S&P 500 Index ($SPX ) (SPY ) Tuesday closed up +2.51%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed up +2.66%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +2.63%. June E-mini S&P futures (ESM25 ) are up +2.52%, and June E-mini Nasdaq futures...

The dollar index (DXY00 ) Tuesday rose by +0.65%. The dollar rallied moderately Tuesday and rebounded from Monday's 3-year low. Short covering emerged in the dollar Tuesday on trade deal optimism after US trade negotiators said they have made "significant progress" toward a bilateral trade deal with India following talks...

THE INDEPENDENT VIEW: Editorial: The IMF’s downgrade of global growth forecasts, a direct result of US tariffs, will only add to the pressure on chancellor Rachel Reeves to make the case during her visit to Washington for a fabled US-UK free trade agreement