9 h. ago Fed faces threat from US consumers’ soaring inflation expectations

University of Michigan survey shows American households’ outlook for price growth is at its highest since the early 1990s

Economics

52 h. ago UK and global growth forecasts cut amid warnings over Trump’s trade war

The OECD warned that consumers would face much of the burden of the trade war as inflation is expected to be sent surging.

Events

8 d. ago Hotels charging inflated rates ahead of Cheltenham Festival amid expected dip in attendance

Cheltenham’s chief executive Guy Lavender said he is keen to address the cost of hotels and accommodation during festival week

Culture

9 d. ago China’s retaliatory tariffs on US farm goods kick in, as trade war escalates – business live

Rolling coverage of the latest economic and financial newsChina’s stock markets have dropped today, as the double-whammy of trade war fears and deflation weighed on investors.The CSI 300 index dropped by 0.4%, while in Hong Kong the Hang Seng index slid by 1.8%.The week starts on a sharp negative note for the Chinese stocks, as the latest inflation update showed that consumer prices in China fell the most in more than a year .Overall, the week is expected to bring more tariffs the Chinese tariffs on US agricultural and some Canadian products will start today, while the US steel and aluminium tariffs will be live from Wednesday.Monday kicks off with the same old deflationary drumbeat as China’s consumer inflation took a deeper dive than expected, slipping below zero for the first time in over a year. The data only reinforces what’s been clear for months—deflationary pressures remain firmly entrenched in the world’s second-largest economy.The property sector remains stuck in the mud, ...

Economics

1 week ago Business group slashes UK growth forecasts for the “long and challenging" year ahead

BCC economists expect inflation and interest rates to stay higher than previously forecast

Politics

2 w. ago Markets climb as defence stocks, euro and pound rally on Europe’s Ukraine peace push – business live

German stock market records biggest gains after Starmer announces ‘coalition of the willing,’ as investors expect big splurge in defence spending Eurozone inflation has dipped, moving closer to the European Central Bank’s 2% target, ahead of a widely expected drop in interest rates at the central bank’s meeting on Thursday.Headline inflation fell from 2.5% to 2.4% in January, while core inflation, which strips out volatile energy and food costs, dropped from 2.7 to 2.6%, Eurostat said this morning.After quite a strong January reading, February eurozone inflation came in soft. Core inflation ticked down after having been stable at 2.7% since September.The weak economic environment seems to trump an increase in reported input costs for the moment. For the European Central Bank, this is a dovish sign as the governing council mulls over how low it should bring rates. Continue reading...

Economics

3 w. ago Households to suffer raft of bill increases from April as energy price cap rises

The Bank of England has forecast higher-than-expected inflation this summer due to rising bills.

Economics

3 w. ago US stocks slide as consumer confidence sinks most in four years

Americans’ inflation expectations surge as rising prices for staples and tariff worries hit sentiment, key survey shows

Politics

3 w. ago Now Shrinkflation hits more Cadbury and Mars favourites as treats are being sold in smaller packs

The latest 'shrinkflation' to hit consumers, soaring cocoa prices mean popular confectionary such as Twirl Bites and Galaxy Minstrels are being sold in smaller packs - but for the same price as before.

Events

3 w. ago Walmart shares fall upon disappointing forecast, fueling US spending worries

World’s largest retailer expects inflation-weary consumers to pull back after shares hit record high of $105 last weekWalmart on Thursday forecast sales and profit for its latest fiscal year below Wall Street estimates, suggesting that the world’s largest retailer expects inflation-weary consumers to pull back after several quarters of solid growth.Walmart shares, which had risen about 72% in 2024 and hit a record high of $105 last week, were down 6% in early trading. Shares of its rival retailer Target were down 1.6%, with Amazon 0.9% lower. Continue reading...

Politics

3 w. ago How much will Britain's new era of 'stagflation' cost you? As inflation rockets to a 10

The consumer prices index soared to a 10-month high of 3 per cent in January - higher than predicted by economists. Plane fares and spiralling food costs contributed to higher living costs.

Economics

4 w. ago Rate of inflation jumps to 3% in January in bigger than expected rise

Fuel and VAT on private school bills fuel the Consumer Prices Index

Economics

4 w. ago Private school fees and plane fares to drive increase in inflation

The rate of Consumer Prices Index (CPI) inflation is expected to have come in at 2.8%, according to a consensus of analysts.

Economics