Fiscal policy

Business

UK leader in peril after Treasury chief axes ‘Trussonomics’

LONDON — The U.K.’s new Treasury chief ripped up the government’s economic plan on Monday, dramatically reversing most of the…

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Business

UK Treasury chief in position of power as PM Truss struggles

LONDON — As British Prime Minister Liz Truss struggles to retain her authority, one man is seen to be in…

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Business

Inflation cut in half: Moody’s Analytics’ Mark Zandi sees major relief within six months

The U.S. will see inflation cut in half within six months, according to Mark Zandi of Moody’s Analytics. His call,…

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Business

UK slashes personal, corporate taxes in bid to spur growth

LONDON — Britain’s new Conservative government announced Friday it will cut personal income tax, scrap a planned tax hike on…

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Business

‘Rip off the Band-Aid’: Wells Fargo makes case for 150 basis point hike at Fed meeting

It’s a move that would likely cause panic on Wall Street. But Wells Fargo Securities’ Michael Schumacher suggests the Federal…

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Business

Layoffs loom on the horizon, some economists say

From rising inflation to a red-hot job market and the negative gross domestic product in between, economists are divided on…

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Business

Royal fans give London tourism a bump amid UK economic woes

LONDON — Royal fans have poured into the heart of London to experience the flag-lined roads, pomp-filled processions and, above…

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Business

Inflation ‘collapse’ will launch powerful market rally, Credit Suisse predicts

Credit Suisse expects the Federal Reserve to pause interest rate hikes sooner than widely expected due to tumbling inflation. According…

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Business

‘Dangerous territory’: Investor Peter Boockvar warns recession is spreading to other parts of economy

There may be no escape from recession. The latest reports on housing and manufacturing, according to investor Peter Boockvar, suggest…

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Health

EU: Pandemic measures to total about $5.85 trillion

The European Union’s top economy official says that the recovery measures the EU and its 27 member states have in…

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