Tariffs
Economists had expected a higher increase in US prices following President Donald Trump's tariffs, but the latest data show a softer-than-expected increase in inflation. Annualized inflation ticked higher to 2.4% in May, up from 2.3% in April, while the consumer price index rose by 0.1%
Tariffs
Uncertainty triggered by sweeping US tariffs and trade fragmentation is forecast to slow global economic growth to 2.3% this year, the lowest non-recessionary rate in nearly two decades, according to the World Bank's latest economic outlook. The multilateral lender cited a weakening trade environment and deteriorating investor
Tariffs
A new inflation report shows that prices rose by just one-tenth of 1% between April and May, despite tariffs imposed by President Trump on nearly everything the U.S. imports. Although the report is seen as a welcome relief for consumers, analysts warn that it may be too early to
Inflation (Economics)
Households in the UK are facing a significant increase in inflation, with the Consumer Price Index (CPI) rising to 3.5% in the latest monthly data, according to the Office for National Statistics (ONS). This marks a substantial increase from the 2.6% recorded in March, largely driven by a
Economic growth
As the week ahead unfolds, the US stock market will face a crucial test of its rebound, driven by major earnings reports from Apple and Microsoft, amidst global trade developments that could exacerbate volatility. The upcoming week will also witness significant economic indicators, including the US jobs data, first-quarter economic
Bank of Canada
The Bank of Canada is expected to cut interest rates on Wednesday, but the question is how much. The market is forecasting a jumbo 0.5-percentage-point move, which would not be unprecedented in Canadian history. However, some experts argue that the central bank has been going too slow, and a
Bank of Canada
The current economic landscape is showing alarming signs, with growth stalling and Canadians struggling to cope with high borrowing costs. A CIBC economist is calling for a drastic 75 basis point rate cut, citing the crippling effect of current interest rates on the economy. This stance is echoed by other
Inflation (Economics)
UK inflation eased to a 1.7% annual rate in September, the lowest level in over three years, as lower airfares and petrol prices took the biggest hit. This reading is below the market's expectation of 1.9% and has significant implications for the upcoming benefit increases and
Banks (Finance)
A significant decrease in UK inflation rate has brought welcome news for millions of families. According to the latest economic update, the inflation rate has slowed to 1.7% in September, the lowest since October 2022, and has slipped below the Bank of England's target of 2% for
Bank of Canada
The Bank of Canada and the US Federal Reserve's aggressive interest rate hikes in 2022 seemed like a recipe for disaster, either fueling out-of-control inflation or sparking a painful recession. Instead, inflation has drifted down without a significant downturn, and interest rates have begun to fall. In August,
Inflation (Economics)
The Office for National Statistics (ONS) reported that inflation remained steady at 2.2% in the year to August, with various price fluctuations offsetting each other. Grant Fitzner, chief economist at the ONS, noted that the main movements in inflation came from airfares, which rose significantly in August, but were
Bank of Canada
The Bank of Canada made its third consecutive rate cut on Wednesday, reducing the key overnight lending rate to 4.25 per cent. Governor Tiff Macklem stated that there was a "strong consensus" among central bankers for a quarter-percentage-point reduction, citing the need to get inflation down to
