Bank of England policymakers may need to take action to prevent a risky consumer borrowing binge as the economy recovers, the bank’s chief economist has warned.
The key measure of the US economy was revised from bleh to meh on Tuesday as businesses restocked goods at a stronger pace than first thought, adding to the likelihood of an historic US rate rise next month.
In a letter Monday, Yellen called an interest rate hike "appropriate" if officials see progress toward labor and inflation goals.
George Osborne could be forced to borrow billions of pounds more than forecast by 2020 if he sticks with spending cuts that will hit economic growth, according to a report by City University.
The government’s “fixation” on the size of the state is straining vital public services and undermining social stability, according to a report from the TUC, which argues that further cuts could damage the economy.
Mario Draghi has signalled fresh help from the European Central Bank for the struggling eurozone economy amid signs that the terrorist attacks in Paris have led to a collapse of spending by French citizens and “an avalanche of cancellations” from tourists.
Conditions may be ripe for a December interest rate hike in the U.S., but the global economy is still uncertain, fragile and fragmented, EY's global chairman and CEO Mark Weinberger told CNBC.
Japanese exports fell for the first time in 14 months in October, exacerbating concerns for an economy already in recession and struggling to muster inflation despite aggressive monetary stimulus.
One of Britain’s leading economic thinktanks has said the UK economy shrank last month as the impact of the Brexit vote led to a pronounced weakening in activity.
Britain’s vote to leave the EU has had little immediate impact on people’s spending habits, according to new figures that suggest more money was splashed out on clothes, meals out and day trips in July.