Ongoing tariff threats from Washington and potentially sweeping government job cuts have darkened consumers’ mood and may be weighing on an otherwise mostly healthy economy. Data released Friday showed that consumers slashed their spending by the most since February 2021,

Falling energy prices made up much of the drop, but prices of services also lost pace.

Bank of England Deputy Governor Dave Ramsden said on Friday that he saw risks to the BoE's inflation target as being two-sided, rather than skewed downwards as before, though he noted that BoE rate cuts did not necessarily need to be slow.

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world Kenya’s annual inflation rate climbed to a five-month high in February as food prices continued to increase.

John Williams, the president of the Federal Reserve Bank of New York, also spoke about the gold vault underneath the building and Federal Reserve Chairman Jerome Powell's taste in music, including the Grateful Dead.

Since his first day in office, President Donald Trump has been quick to attack climate initiatives and the green energy transition.

As has been the case for years, prices drive so much of Americans' larger views: they say this factors the most into their assessment of the overall economy — which most continue to say is bad. And then among those who say their own finances aren't good,

The US economy advanced at a healthy pace and inflation was more stubborn than initially estimated at the end of 2024.