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.

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.

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.

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

Euro zone inflation was heading back to target but there were still some worries about it, warranting caution in signalling further policy easing, the European Central Bank concluded last month, according to the accounts of its January 29-30 meeting.

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,

Shares of gold miners are soaring in the early months of 2025, as risks around inflation and geopolitics push analysts to ramp up their outlook for the precious metal, a classic haven asset.

Personal consumption expenditures inflation rose 0.3% in January for an annual rate of 2.5%, the Bureau of Economic Analysis said Friday. Excluding food and energy, the core PCE rate was 2.6% annually.