Economy
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The global economy: growth, inflation, jobs, trade, debt and the macro forces shaping every market on the planet.
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July inflation falls to 3.4% as Fed split deepens amid job losses
A slight easing in US consumer prices offers limited relief to the Federal Reserve, which must now weigh cooling inflation against a sudden contraction in employment and a deepening internal divide over interest rates.
2 min read · 12 Aug 2026
€Brent crude nears $90 on Hormuz risk as Tui misses profit targets
US unexpectedly lost 23,000 jobs in July as slump in growth continues
Most Americans view rising living costs as biggest barrier to a better life, survey finds
Trump administration has paid back 60% of $165bn in tariff refunds
Bank battle: history suggests Burnham faces fight if he opts for windfall tax
UK manufacturing growth picks up as Trump tariff chaos eases
Oil prices plunge and Europe’s stock markets rally after Trump calls off Iran strikes
Trump’s hypocritical new tariffs are a chance for the world to fight back | Joseph Stiglitz
US economy grows sluggish 1.5% in second quarter as inflation tops Fed target
Only the Middle East crisis is preventing a drop in UK interest rates
US borrowing costs hit 19-year high as Fed holds interest rates
Oil prices fall as US pauses strikes on Iran over strait of Hormuz
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