U.S. economy grew at a 2.8% pace in the second quarter, much more than expected
Gross domestic product in the second quarter was expected to show a 2.1% annualized increase.
Why an indicator that has foretold almost every recession doesn’t seem to be working anymore
The situation has many on Wall Street scratching their heads about why the inverted curve has been so wrong this time
Wealth in Turkey grew the most in the world at 157% despite soaring inflation, according to ranking
For Turks who own assets like homes, wealth has grown as inflation pushes the costs of those assets up.
UK inflation holds steady at Bank of England’s 2% target, above expectations
The Office for National Statistics released inflation figures for June on Wednesday.
Trump says he would let Fed Chair Powell finish his term if he wins in November, Bloomberg reports
Former President Donald Trump told Bloomberg Businessweek that he would let Fed chief Jerome Powell complete his term if he wins in November.
IMF sees ‘bumps’ in path to lower inflation
Stubborn services and wage inflation will slow the pace of disinflation in the U.S. and globally, according to the IMF.
IMF upgrades UK growth forecast in another boost to new Labour government
The upgrades come after two years of stagnation, with the U.K. falling into a shallow recession in the second half of 2023.
Powell indicates Fed won’t wait until inflation is down to 2% before cutting rates
Monday was Powell's first public speaking appearance since the consumer price index report for June showed cooling inflation.
Watch Fed Chair Jerome Powell’s remarks on interest rate policy and the economy
These will be Powell's first remarks since the June CPI report showed inflation cooling.