Callum Jones

Jerome Powell tells senators in congressional hearing ‘elevated inflation is not the only risk we face’

Consumer price index dipped 0.1% last month after being unchanged in May, reinforcing view that inflation is cooling

Trump says he has plan to immediately lower inflation. Economists predict high tariffs and tax cuts would raise it

Former president says he has rewritten speech in the light of shooting

Some top backers throw weight behind Harris amid flood of grassroots donations but other heavyweights pointedly decline to offer support

‘We do need to get it right,’ billionaire mega-donor and 2020 candidate warns as more senior figures back Kamala Harris

Sales rise 2% to $25.5bn in the latest quarter but profits drop, as Elon Musk plans to donate tens of millions to Trump

Billionaire media tycoon, 93, attempting to secure Lachlan Murdoch’s control rather than assets going to all children

Even as Joe Biden touts ‘strongest economy in the world’, nearly three in five Americans wrongly believe US is in recession

Spread the love The pace of US economic growth accelerated in the last quarter, remaining unexpectedly resilient in the face of high interest rates and persistent inflation.