Powell Warns: High Inflation to Delay Rate Cuts
Federal Reserve Chair Jerome Powell delivers sobering testimony, indicating prolonged high interest rates as inflation proves more persistent than anticipated, sending ripples through global markets.
Federal Reserve Chair Jerome Powell delivers sobering testimony, indicating prolonged high interest rates as inflation proves more persistent than anticipated, sending ripples through global markets.
New ONS data reveals UK inflation remained stubbornly high at 3.8% in August, dashing hopes of a drop and piling pressure on the Bank of England. We break down the key drivers and what it means for your wallet.
UK inflation remained unchanged at 3.8% in July, defying expectations of a fall. The surprise hold puts pressure on the Bank of England and impacts household budgets amid the cost of living squeeze.
In a dramatic shift, UK inflation has fallen to its lowest level in nearly three years, hitting 2.3% in April. This brings it tantalisingly close to the Bank of England's 2% target, putting a summer interest rate cut firmly on the table. Discover what thi
UK inflation remains stubbornly high at 3.8% in September, posing significant challenges for Chancellor Rachel Reeves as she faces warnings of a £24 billion budget shortfall and tough economic decisions ahead.
Shoppers across the UK face a severe cost of living squeeze as new analysis warns grocery inflation could surge to 15% this summer, adding hundreds of pounds to annual food bills.
Exclusive analysis of the UK's latest labour market data reveals a worrying slowdown in wage growth coupled with rising unemployment, putting fresh pressure on household finances and the Bank of England's interest rate strategy.
New official figures reveal UK wage growth slowed to 5.7% in the three months to August 2025, as the labour market shows clear signs of cooling. Unemployment holds steady at 4.3% while job vacancies continue their decline.
New data from the Office for National Statistics shows UK regular pay growth fell to 6.1%, lagging behind inflation and intensifying the cost-of-living crisis for workers.
Official figures show UK wage growth slowed to 5.7% while unemployment rose to 4.3%, signalling a cooling labour market that could influence Bank of England interest rate decisions.
A new report reveals Iceland as the globe's most peaceful nation for 2024. Discover the stunning landscapes, low crime rates, and unique societal factors that make it a true sanctuary.
Exclusive analysis reveals UK food inflation is significantly higher than in Germany, Spain, and France, placing immense strain on British households and raising questions about post-Brexit trade impacts.
Shadow Chancellor Rachel Reeves pledges to confront Britain's unemployment crisis head-on, outlining Labour's strategy to boost job creation and economic growth in a major policy speech.
Thousands of New York residents are eligible for a one-off inflation refund payment from a $475 million pot. Find out if you qualify for the cash boost and how to claim it.
BBC sports presenter Clare Balding reveals the frightening moment her heart rate plummeted live on television, prompting a serious health warning from her wife, Alice Arnold. The startling incident occurred during a segment on 'Pilgrimage: The Road Throug
The Treasury faces mounting pressure to increase the IHT nil-rate band after 22 years of freeze, as average property prices push more estates over the tax threshold.
Fresh US Census data reveals a concerning economic trend: while median household income has dipped, inflation continues to erode purchasing power, creating a financial strain for American families.
US labour market shows signs of cooling as latest figures reveal job creation fell significantly below expectations in March 2025, with unemployment rate holding steady at 4.1%.
Hundreds of thousands of homeowners face steep payment hikes as low-interest deals end, with many seeing repayments double amid cost-of-living pressures.
Exclusive: Major banks are quietly cutting savings rates, leaving millions of Britons earning less. Experts reveal why you must act immediately and where to find the best returns.
In a remarkable public health achievement, the Indian state of Kerala has reported a lower infant mortality rate than the United States, challenging global perceptions and setting a new benchmark for healthcare in developing nations.
New ONS data reveals a surprising 3.9% surge in UK births in 2023, marking the highest number in a decade and signalling a potential new 'baby generation' for the nation.
Major Asian stock markets, including Tokyo's Nikkei and Hong Kong's Hang Seng, plunged sharply after US Federal Reserve signals dashed hopes for imminent interest rate cuts, mirroring a significant sell-off on Wall Street.
Exclusive data reveals London's food inflation is significantly higher than the UK average, with major supermarkets facing accusations of profiteering. Discover which boroughs are hardest hit and why.
The Greek government unveils a radical €1.6 billion relief package featuring baby bonuses, tax breaks, and housing support to tackle its severe demographic decline and ageing population.
Facing a demographic crisis, the Japanese government unveils a controversial new strategy to boost its birth rate by incentivising families to leave crowded Tokyo for the countryside.
NS&I has announced a cut to the Premium Bonds prize fund interest rate, reducing the odds of winning for millions of holders. Find out what this means for your savings.
The latest US jobs report for August 2025 reveals a significant slowdown in hiring and a rise in unemployment, signalling a cooling labour market that could influence the Federal Reserve's next interest rate decision.
A radical policy proposal from a influential conservative think tank aims to reverse declining birth rates by overhauling family and social policy, raising alarms among critics.
New official figures from the Office for National Statistics show England's population grew by nearly 300,000 in mid-2023, while Wales experienced its first annual decrease in nearly 50 years, highlighting a stark demographic divide across the UK.