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August 2026 personal income and outlays report core PCE
Core inflation held steady at 3.0% annually while personal income and consumer spending rose modestly in August, according to the latest data from the
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Prices on Output Gap: Inflation by category, Shelter and owners equivalent rent, Energy prices, Food and grocery inflation, Services inflation and Tariff pass-through to prices.
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Australia's inflation hits 4% in August, RBA
Australia's annual inflation accelerated to 4% in August, driven by a 15% monthly surge in fuel prices, prompting the Reserve Bank to raise the cash rate
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Trump's Greatest Economy Claim Clashes With Inflation
President Trump claims the U.S. Has its greatest economy ever, but data shows inflation rising, growth slowing, and most Americans viewing conditions as
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UK consumer confidence rises for third month
UK consumer confidence rose to a two-year high in September. However, rising inflation and energy costs are undermining the recovery as consumers save more
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Economist warns of financial crisis risks from oil and AI
Guardian columnist Larry Elliott highlights rising oil prices, bond market sell-offs, and AI industry warnings as potential triggers for a September
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Bank of England holds rates at 3.75%, warns
The Bank of England held its main interest rate at 3.75% but signaled a likely increase if high energy prices persist, citing Middle East conflict impacts.
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Bank of England to hold rates as UK inflation hits 3.1%
The Bank of England is expected to keep interest rates unchanged this week, diverging from the US Federal Reserve, despite UK inflation rising above 3% in
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Bank of England to hold rates, slow bond
The Bank of England is expected to hold interest rates at 3.75% today while slowing its bond-selling programme, as policymakers balance high inflation
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UK Inflation Rises to 3.1% as Fuel Prices Soar
UK inflation increased to 3.1% in August, driven by soaring motor fuel costs, putting pressure on the Bank of England ahead of its interest rate decision.
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Scottish food price cap plan worries farmers
Scottish farmers fear government plans to cap prices on essential food items will force supermarkets to pass financial losses down the supply chain
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UK households face winter energy bill surge
Households are warned of higher energy bills this winter as European gas storage levels remain low and wholesale prices hit three-year highs, driven by the
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UK Gilt Yields Hit Highest Level Since 1998
UK 30-year government borrowing costs hit a 1998 high due to inflation and debt worries, constraining the new government's budget and impacting mortgages.
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US borrowing costs rise on inflation fears
US 10-year borrowing costs surged to 4.79%, a high since January 2025, driven by rising oil prices and inflation concerns.
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Joshua Kushner regrets FIFA World Cup stake
Venture capitalist Joshua Kushner says he regrets joining FIFA president Gianni Infantino's shelved plan to sell a stake in the World Cup, citing a failure
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Business groups urge Swinney to scrap food
Twenty-three business groups have urged First Minister John Swinney to abandon his proposed cap on essential food prices, calling it ineffective.
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Austin Employment Outpaces Texas and U.S. in July
Austin's job market grew faster than Texas and the U.S. in July. Unemployment stayed at 3.8%, while wages and home prices rose.
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Fed's Warsh says more work needed if
Federal Reserve Chair Kevin Warsh said policymakers will have more work to do if they are not confident inflation is moving clearly toward the 2% target
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US-Venezuela oil deal grants US control of
President Donald Trump announced a deal granting the US control over 65 billion barrels of Venezuela's proven oil reserves, which he claimed would more
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Ofgem raises energy price cap by 4% from October
Ofgem will lift the household energy price cap by 4% on 1 October, adding about £60 a year to the typical bill. The move follows rising wholesale gas prices linked to the Iran war and comes as the government cuts VAT on electricity. The change will affect 22 million households, while a third are on fixed tariffs and will not see a rise.
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Energy Firms Urge Government Help for Struggling Households
Energy UK calls for a more targeted support scheme to help households in need, as energy prices are expected to rise this winter.
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CrossCountry Cancels UK Services Amid Power Outage
CrossCountry has cancelled almost all its UK services due to a power outage at its control centre in Birmingham.
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Walmart Sales Growth Slows as US Consumers Feel the Strain
Walmart's sales growth has slowed down due to rising fuel prices and consumer spending pullback
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Millennials' Struggle to Buy Homes: Is it Getting Easier?
The path to buying a home has become increasingly difficult for millennials, but there are signs that it may be getting easier. Property prices have outpaced incomes, and a lack of housebuilding has contributed to the issue.
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The Challenge of Pricing AI Services
Companies are struggling to set prices for AI services due to the unpredictable nature of token consumption
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UK Inflation Reaches Four-Month High Due to Energy Bill Jump
The UK's inflation rate has risen to 2.9% in the year to July, driven by a sharp increase in energy bills, with gas prices soaring at their fastest pace in almost four years.
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CMA investigates Trainline, Virgin Atlantic and RED Driving School over 'drip pricing' concerns
The UK's Competition and Markets Authority (CMA) is investigating three companies for allegedly not displaying full prices upfront, a practice known as 'drip pricing'. Trainline, Virgin Atlantic and RED Driving School are under scrutiny for potentially misleading customers by excluding mandatory fees from initial prices.
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Inflation Concerns Amid Global Uncertainty
Rising energy bills and food costs have sparked concerns about inflation, but economists believe it is unlikely to reach crisis levels
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Virgin Takes Step Towards Running Channel Tunnel Rail Services
Virgin has been granted track access by the Office of Rail and Road (ORR) to run a rival rail service to Eurostar through the Channel Tunnel.
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Political Simulator Game Tops Charts as UK Politics Inspires New Gaming Genre
A Manchester-developed mobile game, No 10: Full Confidence, has surpassed Minecraft in Apple's paid games chart, reflecting a growing trend of UK politics-themed games. The game tasks players with managing a prime minister's tenure amid parliamentary challenges, balancing factions like the cabinet and media. Its success suggests Westminster's recent turbulence has sparked a niche gaming sub-genre, with other titles like Fantasy Parliament and UK Politics Simulator also emerging.