Simon Macadam News Today

hello. i am tadhg enright with your top business stories. politics is leading business news today. as youve been hearing, leaders of seven of the worlds top economies are meeting in hiroshima, japan. but its two that arent attending that will be occupying most of their time. as well as new sanctions on russia, they will be focusing on china, and how to counter its increasing economic power. the bbc�*s nick marsh is in hiroshima for us. a huge focus on the sanctions against russia. bu...

Inflation may have tumbled from multi-decade highs on both sides of the Atlantic, but progress has stalled in the United States, with the Federal Reserve now expected to start cutting interest rates well after its European counterpart.

London (CNN) — Inflation may have tumbled from multi-decade highs on both sides of the Atlantic, but progress has stalled in the United States, with the Federal Reserve now expected

Inflation could be back in central banks’ comfort zones by the end of 2024 after multidecade highs in North America and Europe.

Inflation could be back in central banks’ comfort zones by the end of 2024 after multidecade highs in North America, Europe

Independent economic researchers Capital Economics say it is 'increasingly clear' monetary policy tightening is doing its work and the rate-hiking cycle is already over, with cuts coming next year

Persistently higher interest rates in major economies mean global growth is likely to slow next year after outperforming expectations so far in 2023, economists say.Output will expand 2.1 percent in...

"Recessions seem more likely than not in most cases," Capital Economics senior global economist Simon MacAdam said in a note.

By Anne D'Innocenzio, Paul Wiseman and Dee-Ann Durbin | The Associated Press Shoppers glide past a display of big-screen televisions in a Costco warehouse

Americans increased their spending last month as inflation eased in many areas, and the job market remained remarkably strong. Retail sales rose 0.2% from May to June, following a revised 0.5% increase the previous month, the Commerce Department reported Tuesday. The figure matched the pace of consumer inflation in June from the prior month, underscoring…