Finance
Bank of England Pushes Interest Rates Up by a Half Point
The Bank of England raised interest rates by half a percentage point on Thursday, a larger-than-expected move, as policymakers struggle...
Student Loan Pause Is Ending, With Consequences for Economy
A bedrock component of pandemic-era relief for households is coming to an end: The debt-limit deal struck by the White...
Fed Chair Sees ‘Long Way to Go’ on Inflation Fight
Jerome H. Powell, the chair of the Federal Reserve, told House lawmakers that the United States remains a “long way”...
Inflation Has Eased, but Economists Are Still Worried
Inflation is beginning to abate meaningfully for American consumers. Gas is cheaper, eggs cost roughly half as much as they...
U.K. Inflation Remains Stuck at 8.7 Percent
Britain’s inflation rate held steady in May, frustrating expectations that price increases would slow down, according to data released Wednesday,...
U.K. Moves to Use Frozen Russian Assets to Help Ukraine Rebuild
As Russia’s ruinous attacks on Ukraine mount, Britain’s government is proposing legislation that would enable it to divert frozen Russian...
China’s Economic Rebound Hits a Wall, With ‘No Quick Fix’ to Revive It
When China suddenly dismantled its lockdowns and other Covid precautions last December, officials in Beijing and many investors expected the...
Why What We Thought About the Global Economy Is No Longer True
When the world’s business and political leaders gathered in 2018 at the annual economic forum in Davos, the mood was...
As U.S. and Chinese Officials Meet, Businesses Temper Their Hopes
In a meeting in Beijing on Friday, China’s leader, Xi Jinping, traded warm smiles with Bill Gates and praised Mr....
U.S. National Debt Tops $32 Trillion for First Time
The gross national debt exceeded $32 trillion for the first time on Friday, underscoring the country’s unsettling fiscal trajectory as...
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