The Commerce Department said U.S. gross domestic product rose at a seasonally and inflation adjusted 2% annual rate in the first quarter

The GDP report—the first major economic scorecard for the quarter—showed growth of 2%, compared with analyst expectations of 2.2%. 2026-04-30 12:43:00 Harriet Torry

Continue ReadingThe Commerce Department said U.S. gross domestic product rose at a seasonally and inflation adjusted 2% annual rate in the first quarter

The Bank of England left its key interest rate unchanged, and signaled that it may soon raise borrowing costs to contain a surge in inflation triggered by the conflict in the Middle East

Global central banks have adopted a wait-and-see approach to the inflation jump caused by the war with Iran. 2026-04-30 11:08:00 Paul Hannon

Continue ReadingThe Bank of England left its key interest rate unchanged, and signaled that it may soon raise borrowing costs to contain a surge in inflation triggered by the conflict in the Middle East