Chancellor Rachel Reeves faces a stern economic test as public sector net borrowing hits £27.6bn, the highest since 1999. Rising debt interest payments and welfare costs drive the surge, complicating Labour's fiscal plans.
An in-depth look at the life and career of Dr Lisa Cook, the pioneering economist making history at the Federal Reserve. Discover her journey from academic excellence to shaping global economic policy.
Federal Reserve Governor Michelle Bowman initiates landmark legal action against the Trump administration, challenging the President's authority to demote her in a dramatic escalation of tensions between US financial regulators and the White House.
Former President Donald Trump escalates his attack on Federal Reserve autonomy, announcing the dismissal of Governor Lisa Cook and signalling a radical shift in US economic policy should he win the November election.
President Trump's shock dismissal of Federal Reserve Governor Lisa Cook triggers global market selloff, dollar collapse, and fears of constitutional crisis. Live updates on economic fallout.
In a move that sent shockwaves through global markets, former President Donald Trump has claimed he fired Federal Reserve Chair Jerome Powell. The explosive allegation, made on his Truth Social platform, threatens to upend the sacred independence of the w
Deputy Liberal Leader Sussan Ley launches a blistering attack on PM Anthony Albanese during Question Time, accusing his government of failing Australians amid the worsening cost-of-living crisis.
In a dramatic escalation of his battle with the US central bank, President Trump has fired Federal Reserve Governor Lisa Cook. The shocking move, citing a 'failure to align with national economic interests,' sends the strongest signal yet of Trump's inten
Bank of England Governor Andrew Bailey declares that UK unemployment must increase to tackle persistent inflation, signalling continued economic pain for households amidst a cooling labour market.
Federal Reserve Chair Jerome Powell tempers 2024 rate cut expectations, triggering a Wall Street sell-off. The tech-heavy Nasdaq plummets, led by a sharp decline in AI giant Nvidia, while the political sphere reacts to Donald Trump's primary victories.
Exclusive investigation reveals how loyalty to major high street banks is costing UK savers billions in lost interest. Discover how switching to lesser-known challenger banks could boost your returns by over £2,400 annually.
Exclusive analysis reveals a stark generational wealth gap in Australia. Baby Boomers' finances remain robust, while younger Australians face unprecedented economic pressure from soaring rents and inflation.
Former President Donald Trump has issued a thinly-veiled threat to Federal Reserve Chair Jerome Powell, suggesting he would not be reappointed if Trump wins the 2024 election, citing his own expertise in selecting 'good chairmen'.
Exclusive analysis reveals how Trump's unprecedented public pressure on the Federal Reserve threatens its independence, as markets anticipate aggressive rate cuts amid political tensions.
Exclusive analysis reveals Treasurer Jim Chalmers has a narrow three-year window to reverse Australia's deepening cost-of-living crisis before voter patience runs out. Can he deliver?
Federal Reserve Chair Jerome Powell signals prolonged elevated interest rates at Jackson Hole symposium, sending shockwaves through global markets as inflation battle continues.
Federal Reserve Chair Jerome Powell holds interest rates at a 23-year high, projecting a more cautious single cut in 2024 as US inflation proves persistent. Markets react to the hawkish stance.
Asian shares and European futures fall sharply as investors await Fed Chair Jerome Powell's key Jackson Hole speech. Markets brace for hawkish tones on US interest rates, with the FTSE 100 set for a lower open. Live updates on global market reaction and a
Exclusive reports reveal the Trump administration is actively exploring legal avenues to exert unprecedented influence over the Federal Reserve's interest rate decisions, sparking fears of political interference in the US economy.
Federal Reserve Chair Jerome Powell signals prolonged high interest rates at Jackson Hole, triggering sharp sell-offs in US and Asian markets as inflation fight continues.
Exclusive analysis reveals a savings crisis as the number of best-buy accounts plummets by 75%, costing UK households billions in lost interest amid the inflation squeeze.
In a major boost for the UK economy, a key business survey reveals the fastest growth in private sector output in nine months. Driven by strong demand in the dominant services sector, the S&P Global/CIPS flash PMI surged to 53.3, signalling robust expansi
New Zealand's economy has officially entered a recession, with GDP contracting 0.1% in the last quarter of 2023. High interest rates and inflation are blamed for the downturn, marking a challenging start for the new coalition government.
Exclusive analysis reveals how the UK's rigid fiscal framework, designed for stability, is now actively hindering economic recovery, suppressing growth, and exacerbating the cost-of-living crisis. Experts warn the Treasury's orthodoxy is no longer fit for
In a dramatic shift, UK inflation has hit the Bank of England's 2% target for the first time in nearly three years. This sharp fall from April's 2.3% fuels intense speculation about an imminent interest rate cut, offering relief to millions of households.
In a dramatic shift, UK inflation has hit the Bank of England's 2% target for the first time in nearly three years. Discover how falling energy prices are putting money back in your pocket and what it means for interest rates.
UK inflation unexpectedly jumped to 2.3% in July, dashing hopes for an August interest rate cut. Soaring air fares and rising clothing costs are blamed, putting the Bank of England's next move under intense scrutiny.
New data reveals a sharp rise in UK inflation, driven by escalating food and energy costs. The ongoing conflict in Ukraine continues to disrupt global supply chains, pushing prices higher and intensifying the cost of living crisis for British families.
In a fresh blow to household budgets, UK inflation rose to 2.5% in April, driven by soaring energy bills and stubborn service costs. The surprise jump dashes hopes for an imminent Bank of England interest rate cut, prolonging the cost-of-living squeeze fo
A startling image reveals the hidden economic reality squeezing Australian households. Discover the data behind the financial pain and why your wallet feels emptier than ever.