Euro zone inflation rises to 2.6% in May, but bloc still seen heading for interest rate cut
The European Central Bank is widely expected to cut interest rates next week.
Fed’s favorite inflation gauge is expected to show very slow progress on Friday
The Commerce Department's measure of personal consumption expenditures prices is expected to show inflation in April running at a 2.7% annual rate.
Global debt has grown to $315 trillion this year — here’s how we got here
The world is mired in $315 trillion of debt, according to a report from the Institute of International Finance.
The Fed probably won’t be delivering any interest rate cuts this summer
Investors likely will have to sweat out a summer during which it looks increasingly unlikely that the Federal Reserve will be cutting interest rates.
British retail sales plunge 2.3% in April, missing estimates
U.K. retail sales volumes dropped 2.3% in April as wet weather deterred shoppers, the Office for National Statistics said Friday.
Auto insurance rates are jumping the most since the 1970s, but there could be relief soon
Soaring auto insurance costs have been a principle driver behind inflation over the past year, but there could be relief on the way.
JPMorgan CEO Jamie Dimon says U.S. could see a ‘hard landing,’ stagflation will be ‘worst outcome’
Dimon said the worst outcome for the U.S. economy will be a "stagflation" scenario, where inflation continues to rise, but growth slows amid high unemployment.
Fed officials seem like they have ‘no idea’ what is going on with U.S. inflation, strategist says
Federal Reserve officials appear to have “no idea” what is happening when it comes to the inflation picture in the U.S., GAM's Julian Howard told...
UK inflation drops to 2.3% in April, nearing Bank of England’s target
The Office for National Statistics released inflation figures for April on Wednesday.