Retailers’ Sales Growth Cooled Last Month
Sales growth slowed for U.S. retailers in April, damped by a cooler increase in gasoline prices as the Iran conflict continued. Source link
U.S Jobless Claims Rose Last Week
U.S. jobless claims rose last week but were still relatively low, signaling employers held back from widespread layoffs. Source link
U.K. Economy Accelerates at Start of 2026
The economy expanded at a faster pace in the first quarter of the year, but the effects of the conflict in the Middle East are set to test its resilience.…
Inflation is overtaking Americans’ pay gains, largely because of the cost of filling up at the gas station
Americans’ hourly wages are up. The problem? Inflation is up even more. Source link
Jerome Powell is wrapping up eight hazard-filled years as Fed chair, and weathered the most sustained political assault on the central bank in its modern history
The pandemic, inflation and White House pressure tested the central bank’s leader as never before. Source link
Longer Working Lives and Immigration Keep Eurozone Economy Growing, ECB Says
Rising employment—partly from people working longer—has accounted for about half of the growth recorded in the eurozone since the third quarter of 2023. Source link
Boston Fed President Susan Collins flagged the possibility that the central bank might need to raise interest rates if inflation pressures broaden in coming months
In an interview, the Fed official said she is watching how households’ inflation expectations have drifted higher. Source link
The Senate confirmed Kevin Warsh as the Fed’s new chair on Wednesday in a party-line vote that reflected how tensions with the White House have dragged the Fed deeper into the political fray
The divided vote signaled the challenge ahead for Warsh, who faces a Fed committee skeptical of the rate cuts President Trump has demanded. Source link
Bank of Canada on Alert for Quick Change in Inflation Dynamics, Minutes Say
Bank of Canada officials agreed on the need to change course quickly on rate policy depending on developments in the Middle East and trade tensions with the U.S. Source link
Fed’s Collins Says She Could Envision the Need for Rate Hikes
Boston Federal Reserve President Susan Collins said she envisions a prolonged stretch of steady interest rates, and could envision a scenario that requires some policy tightening to ensure inflation returns…
