Economy

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UK Food Inflation May Hit 9% by Year's End

The UK's food inflation rate could surge to at least 9% by the end of this year, according to forecasts from the Food and Drink Federation (FDF). This sharp increase is attributed primarily to the ongoing Iran war, which has disrupted global energy markets and supply chains. The FDF had previously p

Apr 1, 6:55 AM ET Est. Read: 2 Mins

3 articles from 3 publishers

EconomyGlobal

OECD Cuts UK Growth Forecast to 0.7% Amid Iran War

The Organisation for Economic Co-operation and Development (OECD) has cut its forecast for UK economic growth in 2026 to just 0.7% , down from a previous estimate of 1.2% . The downgrade is attributed to the ongoing US-Israel war with Iran, which has caused significant energy shortages and soaring o

Mar 27, 8:21 PM ET Est. Read: 4 Mins

40 articles from 10 publishers

EconomyPolicy

RBA Warns of Inflation Risks Amid Middle East Conflict

The Reserve Bank of Australia (RBA) has warned that prolonged conflict in the Middle East could necessitate further interest rate hikes to control inflation and prevent long-term economic damage. In a speech on Thursday, RBA Assistant Governor Christopher Kent emphasized that while central banks can

Mar 25, 7:37 PM ET Est. Read: 1 Mins

3 articles from 3 publishers

More Economy Summaries

Markets

UK Inflation Holds Steady at 3% in February

The UK inflation rate remained steady at 3% in February, according to the latest figures from the Office for National Statistics (ONS). The data was collected before the onset of the US-Israel war with Iran, which is expected to drive up inflation rates further. Clothing prices were identified as th

Mar 25, 3:36 AM ET·2 min read

3 articles from 3 publishers

Markets

Fed Holds Rates Amid Iran War Inflation Fears

The Federal Reserve held interest rates steady at a range of 3.5%-3.75% , as reported by multiple sources, citing uncertainty about the economic impact of the Iran war and its effect on inflation. According to Sky News and CNBC, global energy prices have surged due to retaliatory attacks between Isr

Mar 19, 8:59 AM ET·3 min read

13 articles from 9 publishers

Labor

UK Wage Growth Slows to Five-Year Low

UK wage growth slowed to its weakest pace in over five years, rising by just 3.8% in the three months ending January, according to official data from the Office for National Statistics (ONS). This marks a significant drop from the previous quarter's 4.2% and falls short of economists' expectations.

Mar 19, 7:20 AM ET·4 min read

7 articles from 4 publishers

Growth

China's Economy Shows Early Growth in 2026

China's economy began the year on firmer footing, with retail sales, industrial production, and fixed asset investment all showing positive growth in January and February 2026. According to data from the National Bureau of Statistics (NBS), retail sales grew by 2.8% compared to the same period last

Mar 17, 12:11 AM ET·2 min read

5 articles from 3 publishers

Growth

Poland Enters Top 20 Economies

Poland has become the world's 20th largest economy with over $1 trillion in annual output, surpassing Switzerland. This transformation marks a historic leap from the post-Communist ruins of 1989-90 to becoming a European growth champion. The country's economic success is reflected in individuals lik

Mar 16, 4:11 PM ET·2 min read

3 articles from 3 publishers

Energy

California Gas Prices Surge

Gas prices in California have reached an average of $5.483 per gallon, marking a significant increase from previous weeks. According to the American Automobile Association (AAA), this surge is nearly 40 cents higher than a week ago and more than 90 cents higher than a month prior. The Bay Area is pa

Mar 15, 2:23 PM ET·2 min read

3 articles

Markets

India's Forex Reserves Drop Amid Rupee Defense

India's foreign exchange reserves experienced their most significant decline in over a year, falling to $716.81 billion in the week ending March 6 from $728.49 billion the previous week, according to Reserve Bank of India data. The drop came amid heavy dollar sales by the central bank to support the

Mar 15, 2:23 PM ET·2 min read

4 articles

Energy

UK Considers Support for Heating Oil Users Amid Rising Costs

UK Chancellor Rachel Reeves is considering a package of support for households struggling with higher heating oil costs following global impacts from the US-Israel war in Iran. In an interview with The Times , Reeves stated she has found the money to help and that the Treasury is looking at differen

Mar 14, 1:47 AM ET·3 min read

8 articles from 5 publishers

Markets

Inflation Gauge Rises Before Iran War Impact

An inflation gauge closely monitored by the Federal Reserve rose 2.8% in January compared with a year earlier, slightly below December’s increase but still elevated before the Iran war caused spikes in oil and gas costs. The Commerce Department reported that prices for goods excluding volatile food

Mar 13, 3:30 PM ET·2 min read

3 articles from 3 publishers

Growth

U.S. Economy Grows at Sluggish 0.7% in Q4

The U.S. economy grew at an unexpectedly sluggish 0.7% annual rate from October through December, significantly lower than initial estimates due to the impact of last fall’s 43-day government shutdown , according to a report by the Commerce Department. Growth in gross domestic product (GDP) — the na

Mar 13, 12:22 PM ET·3 min read

13 articles from 9 publishers

Policy

UK Economy Flatlines in January Amid Energy Shock

The UK economy unexpectedly flatlined in January, according to data from the Office for National Statistics (ONS). This zero growth was weaker than predicted and followed a modest growth of 0.1% in December. The stagnation has raised concerns about the economy's ability to withstand external shocks,

Mar 13, 5:50 AM ET·2 min read

6 articles from 4 publishers

Labor

Unemployment Claims Decline as Layoffs Remain Stable

Applications for unemployment benefits in the U.S. decreased modestly last week, signaling stable layoffs despite a weakening job market. The Labor Department reported that new claims fell by 1,000 to 213,000 for the week ending March 7, aligning closely with analysts' forecasts of 215,000 as survey

Mar 12, 4:31 PM ET·2 min read

3 articles from 3 publishers

Markets

HELOC Rates Drop as Fed Faces Rate Cut Dilemma Amid Iran War

Home equity line of credit (HELOC) rates have dropped significantly over the past 18 months, making them an affordable borrowing option. With the average interest rate falling to just 7.18% , a $60,000 HELOC now costs between $546 and $702 monthly, depending on the repayment period. The drop in rate

Mar 12, 4:31 PM ET·3 min read

43 articles from 10 publishers

Policy

States Set Rounding Rules as Pennies Disappear

Months after the last U.S. penny was minted, states are setting guidelines for cash transactions as businesses and consumers adapt to a penniless economy. The Treasury Department will continue circulating existing pennies but exact change is becoming increasingly difficult. President Trump ended pen

Mar 12, 10:35 AM ET·2 min read

4 articles from 4 publishers

Markets

China CPI Rises 1.3% in February

China's consumer price index (CPI) rose by 1.3% year-on-year in February, marking the highest increase since January 2023 and surpassing economists' forecasts of a 0.8% rise. The surge was driven by increased spending during the Lunar New Year holiday, which saw flight ticket prices rise by 29.1% an

Mar 10, 10:46 AM ET·2 min read

3 articles from 3 publishers

Trade

China's Exports Surge in Early 2026

China's economy roared into 2026 with export growth far outstripping forecasts, fueled by strong demand for electronics and other strategic sectors. Outbound shipments from the world's second-largest economy grew 21.8% in US dollar terms during January-February, significantly higher than December's

Mar 10, 5:39 AM ET·2 min read

4 articles from 3 publishers

Policy

Trump's Economic Outlook Faces Challenges in Early 2026

President Donald Trump's predictions of a booming economy in early 2026 have been met with job losses and rising gasoline prices. The latest data on jobs, pump prices, and the stock market suggest that Trump’s optimistic outlook may not be materializing as expected. The White House remains confident

Mar 8, 2:55 PM ET·2 min read

4 articles from 4 publishers

Labor

U.S. Employers Cut 92,000 Jobs in February as Unemployment Rate Rises to 4.4%

American employers unexpectedly cut 92,000 jobs in February, marking a significant downturn in the labor market and pushing the unemployment rate up to 4.4% , according to data released by the Labor Department on Friday. The job cuts represent a sharp decline from January's gain of 126,000 jobs a

Mar 6, 3:28 PM ET·2 min read

5 articles from 5 publishers

Growth

China Sets Lowest Economic Growth Target in Decades Amid Domestic Challenges

China has set its lowest economic growth target in decades, aiming for a 4.5-5% expansion in 2026 as the world’s second-largest economy grapples with weak domestic demand and an uncertain global outlook. The moderate projection follows three consecutive years of aiming for around 5% growth, which th

Mar 5, 3:29 PM ET·3 min read

14 articles from 4 publishers

Policy

Trump Expects Fed Pick and AI to Replicate 1990s Economic Boom; Economists Skeptical

President Donald Trump and his administration are confident that his nominee for Federal Reserve chair, Kevin Warsh, can unleash an economic boom similar to the 1990s by leveraging artificial intelligence (AI) and slashing interest rates. However, many economists remain skeptical about this optimist

Mar 5, 3:47 AM ET·5 min read

3 articles from 3 publishers

Growth

China Sets Lowest GDP Growth Target in Decades Amid Economic Shift

China has set its target for GDP growth to a record low of 4.5%-5% , reflecting an economic strategy that is shifting away from export-led growth to a model focused on high-quality growth driven by technology and structural reform. Premier Li Qiang announced the target during the opening session of

Mar 5, 3:47 AM ET·5 min read

8 articles from 7 publishers

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Economy

UK Food Inflation May Hit 9% by Year's End

OECD Cuts UK Growth Forecast to 0.7% Amid Iran War