Economy
Central banks, inflation, jobs and growth, and the policy decisions that shape the cycle.
US economy grew 1.5% in Q2 as consumer spending surged but inflation stayed hot
The US economy expanded at a 1.5% annual rate in the second quarter, missing the 2.0% forecast. Consumer spending jumped 3.2%, but inflation
Brazil's Desenrola debt relief makes tiny dent in household borrowing
Brazil's Desenrola debt-relief program renegotiated 3.6 million contracts in May, yet household debt barely budged to 49.8% from a record 49
Bank of England holds rate at 3.75% as three officials warn of energy-driven inflation
The Bank of England held its key interest rate at 3.75% in a 6-3 vote, with three members pushing for a hike to guard against second-round i
Eurozone economy grows 0.4% in Q2, beating forecasts despite higher energy costs
The eurozone economy expanded 0.4% in the second quarter, surprising economists who had expected a slowdown due to rising energy costs from
Italy's Jobless Rate Rises to 5.7% as More People Start Looking for Work
Italy's unemployment rate ticked up to 5.7% in June, missing forecasts, as more Italians began actively searching for work. Employment held
Taiwan Central Bank Holds Rate at 2% Amid Split Over Energy Inflation Risks
Taiwan's central bank held its key interest rate at 2% in June, but meeting minutes show policymakers were divided. Some argued for a hike t
German State Inflation Data Points to National Uptick Ahead
Preliminary July inflation data from four major German states showed increases, setting the stage for a national print later Tuesday. Econom
Saudi Arabia's economy shrinks 4.8% as oil output plunges 24.7%
Saudi Arabia's economy shrank 4.8% year-over-year in the second quarter, as a 24.7% slump in oil output dragged down growth. The data unders
Australian small business sales growth slows as retail and hospitality lag
Australian small business sales grew 6.5% year-on-year in the June quarter, down from 7.9% in March. Mining and utilities led the gains, whi
Commonwealth Bank predicts RBA will hold rates at 4.35% through 2026
Commonwealth Bank of Australia forecasts the RBA will hold its key interest rate at 4.35% in August and keep it there through 2026. The bank
Australia's import costs surge 5.7% as oil and fertilizer prices spike
Australia's import prices surged 5.7% in the June quarter, led by a 47% jump in petroleum and a 25% rise in fertilizer costs. The spike foll
Three Fed Officials Dissent as Warsh Faces Early Unity Test
Three Federal Reserve officials voted against holding rates steady in July 2026, pushing for a hike instead. The rare early dissent under ne