Fed Under Pressure as Inflation Expectations Surge
A new survey from the University of Michigan shows consumers souring sharply on the economic outlook as the trade war heats up.
A new survey from the University of Michigan shows consumers souring sharply on the economic outlook as the trade war heats up.
Bond markets don’t often make front-page news but the recent sharp sell-off in US Treasuries appears to have been enough to prompt US president Donald Trump to pause his plans for new tariffs.
Traditionally, US Treasuries are seen as one of the world’s safest assets for investors. The United States government has long been regarded as a reliable and responsible borrower. That reputation has allowed the US to borrow at low costs for decades.
William Barton/Shutterstock“Iron-clad” and “non-negotiable” is how UK prime minister Keir Starmer recently described the country’s fiscal rules. The government has been coming under pressure to relax the rules and cut itself some financial slack.
Scharfsinn/ShutterstockIf you have a long-term health condition or you’re a disabled person in the UK, you might be able to claim a benefit called personal independence payment (Pip). As the name suggests, Pip is designed to help with the additional costs of disability – regardless of employment status.
The US has decided – again – to upend the global trading system. With the latest raft of tariffs just beginning to kick in, and after a week in which markets worldwide fell precipitously, the Trump administration announced that it would be suspending high tariffs on nearly 60 countries for 90 days.
Tax Day is right around the corner – an annual reminder that without the option to file jointly, singles pay more per dollar earned than married people.
Press freedom is widely considered to be a cornerstone of democracy. It brings accountability, transparency and access to reliable information.
But beyond its democratic role, press freedom is also a vital part of a stable economy. Research has shown that it acts as a kind of financial watchdog, ensuring balance and accuracy.
The “liberation day” tariffs announced by US president Donald Trump have one thing in common – they are being applied to goods only. Trade in services between the US and its partners is not affected. This is the perfect example of Trump’s peculiar focus on trade in goods and, by extension, his nostalgic but outdated obsession with manufacturing.
In the years after Nato was formed in 1949, its US and European members had a collective approach to defence with clear goals in common, largely built around the protection of western Europe against the Soviet Union. Throughout this era, the US and Europe both relied on the stability of the international system by creating international cooperation on shared dilemmas.
When Congress passed a law in 2024 to ban TikTok unless it came under U.S. ownership, lawmakers argued that the app’s Chinese parent company posed national security concerns.