Traders work on the floor of the New York Stock Exchange during morning trading on May 24, 2024 in New York City. Michael M. Santiago | Getty ImagesInvestors likely will have to sweat out a summer during which it looks increasingly improbable that the Federal Reserve will be cutting interest rates.A...
Category: Economy
British retail sales plunge 2.3% in April, missing estimates
People walk in the rain over the London Bridge in central London on March 12, 2024.Lucy North - Pa Images | Pa Images | Getty ImagesLONDON โ U.K. retail sales volumes dropped 2.3% in April as wet weather deterred shoppers, the Office for National Statistics said Friday.Economists polled by Reuters...
Auto insurance rates are jumping the most since the 1970s, but there could be relief soon
Rows of new Tesla cars are seen in a holding area near a customer collection point on April 15, 2024 in London, England.Leon Neal | Getty ImagesSoaring auto insurance costs have been a principle driver behind inflation over the past year, but there could be relief on the way, according...
Britain’s inflation rate could be about to drop below the Bank of England’s 2% target
A shopper selects fresh produce from a market stall in the Kingston district of London, UK, on Monday, May 20, 2024. Bloomberg | Bloomberg | Getty ImagesLONDON โ U.K. inflation could be about to hit a major milestone, with some forecasting that a sharp fall in the April print will take...
Soaring debt and deficits causing worry about threats to the economy and markets
A view shows the U.S. Capitol in Washington, U.S., May 9, 2024. Kaylee Greenlee Beal | ReutersGovernment debt that has swelled nearly 50% since the early days of the Covid pandemic is generating elevated levels of worry both on Wall Street and in Washington.The federal IOU is now at $34.5 trillion,...