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Economy
Germany’s inflation steady at 2.8% in January ahead of February election
Customers waiting at the checkout in a supermarket.Markus Scholz | Picture Alliance | Getty ImagesGerman inflation was unchanged year-on-year at 2.8% in January, preliminary data from the country's statistics office Destatis showed…
Key Fed measure shows core inflation at 2.8%, in line with expectations
Inflation closed out 2024 on a strong note, as a price gauge the Federal Reserve focuses on came in well above the central bank's target, the Commerce Department reported Friday.The personal consumption expenditures price index increased…
German economy shrinks by 0.2% in fourth quarter, more than expected
The Frankfurt skyline at dusk on a November day.Helmut Fricke | Picture Alliance | Getty ImagesThe German economy shrank by 0.2% quarter-on-quarter in the three months ending in December, according to preliminary data released by…
GDP grew at a 2.3% pace in the fourth quarter, less than expected
U.S. economic growth slowed a bit more than expected in the final three months of 2024, the Commerce Department reported Thursday.Gross domestic product, a measure of all the goods and services produced across the sprawling U.S. economy…
European Central Bank to cut rates again with Trump threat and U.S. divergence in focus
The European Central Bank is widely expected to kick off its 2025 meetings with another interest rate cut on Thursday, as traders aim to gauge how far the central bank is willing to diverge from a stalled Federal Reserve.Money markets on…
Germany slashes growth outlook in ‘serious’ diagnosis of Europe’s largest economy
Economy and Climate Action Minister and Greens Party chancellor candidate Robert Habeck arrives for the weekly federal government cabinet meeting on January 29, 2025 in Berlin, Germany.Sean Gallup | Getty Images News | Getty ImagesThe…
A record number of consumers are making minimum credit cards payments as delinquencies
In this photo illustration the Visa, Mastercard and American Express logo on various credit cards and debit cards are seen beside US one dollar bills on January 4, 2025 in Somerset, England. Anna Barclay | Getty ImagesConsumer stress has…
Charting the Biden economy: Despite all the growth and jobs, a deeply unpopular president
U.S. President Joe Biden delivers remarks on the U.S. economy and his administration's effort to revive American manufacturing, during his visit in Flex LTD, a factory that makes solar energy microinverters, in West Columbia, South…
Home insurance costs soaring as climate-related events surge, Treasury Department says
Firefighters battle flames during the Eaton Fire in Pasadena, California, U.S., Jan. 7, 2025.Mario Anzuoni | ReutersClimate-related natural disasters are driving up insurance costs for homeowners in the most-affected regions, according…
Inflation watch: Wholesale prices rose 0.2% in December, less than expected
A measure of wholesale prices increased less than expected in December, providing indication that pipeline inflation pressures eased to close the year though likely not enough to provoke another Federal Reserve interest rate cut anytime…