The UK's economic future is looking shaky, and investors are taking notice. Many fund managers are placing bets that the pound will drop in value. This is because the UK is facing slow growth and some tough financial decisions are coming up. Rachel Reeves, the Finance Minister, has a big task ahead
Economists and business leaders recently gathered to discuss the economic outlook for Greater Williamsburg. The conversation covered a range of topics, including the job market, housing trends, and the tourism industry. Inflation has been a major concern, with recent data showing a rise in prices.
In 2025, global markets have been on a roll, with foreign stocks taking the lead. Developed markets outside the US have seen the biggest gains, up 26. 4% so far this year. Emerging markets aren't far behind, with a nearly 23% increase. Even US stocks have done well, rising 13. 6%. But it's not just
The Federal Reserve faces a tricky situation. Inflation is rising, and the job market is weakening. This puts the Fed in a tough spot as it prepares to cut interest rates. Inflation went up by 2. 9% in August compared to last year. This is the biggest jump since January. Even without food and energ
Inflation is still on the rise, but not by much. The latest numbers show prices went up by 2. 6% over the past year. That's not great, but it's not terrible either. It's the same as last month, so at least it's not getting worse fast. The core PCE, which looks at prices without food and fuel, went
Crypto prices took a hit recently. Bitcoin and Ethereum both dropped after new data showed inflation is rising. This news made investors nervous. They worry that prices might keep going up, which could hurt crypto values. A well-known crypto expert pointed out that Ethereum and other altcoins tried
In July, the cost of goods at the wholesale level in the U. S. shot up more than expected. This jump, the biggest in over three years, is partly due to the new taxes on imported goods. These taxes, put in place by the current administration, are making it more expensive for businesses to buy product
On a recent Thursday, a familiar face on Fox Business, Maria Bartiromo, delivered some harsh truths about the economy. The Bureau of Labor Statistics dropped a bombshell: wholesale prices skyrocketed in July, hitting a three-year high. This wasn't good news for anyone, least of all President Donald
Crypto markets saw a boost on Tuesday after the latest U. S. inflation numbers came in lower than expected. The Consumer Price Index (CPI), which measures the cost of everyday goods and services, rose by 2. 7% over the past year. This was a bit less than economists were predicting, showing that infl
Inflation numbers are looking better, but that doesn't mean credit card debt is any less of a burden. The latest reports show that prices are rising at a slower pace, which is good news for everyone. But for people struggling with credit card debt, the high interest rates are still a major issue. C
