Fed meeting and inflation report both hit Wednesday, and the impact could be huge
A one-two punch starts in the morning with the pivotal consumer price index reading for May, ending with the Fed's policy meeting in the afternoon
UK GDP flatlines as PM Sunak pins election campaign on economy
Economists polled by Reuters had expected growth to flatten, after the economy expanded by 0.4% in March.
Inflation slows in May, with consumer prices up 3.3% from a year ago
The consumer price index was expected to increase 0.1% on a month basis and 3.4% from a year ago.
Inflation outlook rises, fueled by expected increases for housing costs, New York Fed survey shows
On a one-year basis, the expectation increased to 3.3%, up 0.3 percentage point from March and the highest since November 2023.
Behind America’s divided economy: Booming luxury travel and a jump in ‘relief’ loans
Consumers are acting vastly different depending on income level.
Consumer sentiment tumbles as inflation fears surge, closely watched survey shows
The University of Michigan Survey of Consumers posted a reading of 67.4 for May, down from 77.2 in April.
Traders reassess Bank of England rate cuts as UK grows at fastest rate in nearly 3 years
A slew of commentary from the Bank of England and a better-than-expected economic growth number have left traders and investors scrambling to refine their bets.
UK economy emerges from recession with 0.6% growth in first quarter
The U.K. economy has emerged from a technical recession as gross domestic product rose 0.6% in the first quarter, beating expectations.
The U.S. is now Germany’s biggest trading partner — taking over from China
After years of China being Germany’s main trading partner, the U.S. quietly overtook that spot in the first quarter of the year, data calculations show.