UK GDP falls 0.1% in April as services weigh on monthly growth
The UK economy contracted by 0.1% in April, reversing part of the strong growth recorded earlier in the year as rising energy costs and geopolitical tensions began to weigh on…
Economy
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India inflation rises to 3.93% in May as food and fuel risks return
India’s retail inflation accelerated in May but stayed just below the Reserve Bank of India’s medium-term target, giving policymakers little room to sound relaxed as food, fuel and weather risks…
US PPI rises by more than expected; annual producer price rise highest in 3 years
US annual wholesale inflation accelerated to its highest level in more than three years in May, though underlying price pressures remained relatively contained.Data released Thursday by the Bureau of Labor…
US inflation climbs to 4.2% in May as energy costs drive price growth
Inflation in the United States accelerated in May, largely driven by rising energy prices, while underlying price pressures remained relatively contained, according to data released by the US Bureau of…
After jobs report shock, US CPI data to test AI rally; here’s how to trade around it
US stocks regained some footing on Monday after a bruising selloff at the end of last week, with technology and semiconductor shares leading a rebound as investors looked past short-term…
Fed cuts delayed again? Goldman Sachs now sees easing only in 2027
Goldman Sachs has pushed its forecast for the Federal Reserve’s next rate cuts into 2027, signalling that stronger US growth, firmer hiring and stubborn inflation risks may keep monetary policy…
FCA plans new liquidity rules for UK money market funds
The UK’s Financial Conduct Authority (FCA) said on Monday that it plans to introduce a new rule requiring all money market funds (MMFs) to hold sufficient liquidity to ensure adequate…
India’s central bank holds 5.25% rate as oil shock tests RBI resolve
The Reserve Bank of India kept its benchmark repo rate unchanged at 5.25% after its June monetary policy meeting on Friday, matching market expectations as policymakers balanced inflation risks, growth…
US payrolls rise 172,000 in May, topping estimates: unemployment at 4.3%
The US labor market delivered another upside surprise in May, with employers adding far more jobs than economists had expected. The stronger-than-anticipated hiring came despite rising energy costs, persistent inflation…
4 things that happen to your money if the Iran war drags into 2027
The Iran war is becoming a bigger problem for household finances.What began as a geopolitical shock has turned into a direct cost-of-living issue, hitting fuel, borrowing costs, investments and grocery…