Fed raises interest rates by 75 basis points in another historic move to tackle inflation

Fed raises rates by 75 basis points as expected The Federal Reserve on Wednesday raised its benchmark interest rate by ...

Federal Reserve issues FOMC statement

Indicators of economic activity and employment have continued to strengthen. Job gains have been strong in recent months, and t...

The US economy grew faster than expected in 2021, but the pandemic transformed its composition

US GDP growth accelerated in the fourth quarter, growing at a 6.9 percent annual growth rate, an increase from the pace of grow...

U.S. unemployment rate hits new pandemic-era low

The U.S. economy added 943,000 jobs in July, while the unemployment rate fell from 5.9% to a new pandemic-era low of 5.4%. Why ...

Global economy on firmer ground, but with divergent recoveries amid high uncertainty

Global prospects remain highly uncertain one year into the pandemic. New virus mutations and the accumulating human toll raise ...

Global stocks bounce back; UK and US factories suffer supply-chain woes – as it happened

Stock markets have begun March in bullish mood, with strong gains on both sides of the Atlantic. Shares jumped as bond market j...

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ECB’s €500bn stimulus; US jobless claims jump; UK growth fizzles out – as it happened

UK economic growth hits a six-month low and European Central Bank launches new stimulus Latest: Pound, banks and builders hit ...

S&P 500 ends down after rallying to best November ever

The S&P 500 index ended lower on Monday as investors took profits following a sharp rally in recent weeks that led to the b...