US inflation beats forecasts but remains high

Electricity prices in the country have soared since the government cut energy subsidies to obtain a $3bn bailout from the International Monetary Fund leading to protests. We hear how this is impacting individuals and businesses. Also in the programme, we get the latest from Gabon ...  عرض المزيد

US commerce secretary, Gina Raimondo, is calling on Beijing to reduce the risk of doing business in China for American companies. 

The price of goods and services in the US remains high but inflation was slightly weaker than forecast in April, bolstering hopes that the Federal Reserve’s interest rate increases are taking effect. (Picture: People at a food bank in the US. Credit: Getty Images.) 

The Federal Reserve hiked policy rates by 75bps at its June meeting to try and push back against the inflation weighing on the US economy. With more rate hikes ahead, risks are increasing of a sharp slowdown in growth in the US and a drag on activity in the UAE and the broader GC ...  عرض المزيد

The Fed’s interest rate fight just got more complicated — the central bank’s preferred gauge of inflation indicated that prices rose 0.4% last month, a speed-up from the previous month that saw a 0.1% increase. We talk to Christopher Low, chief economist at FHN Financial, about w ...  عرض المزيد

Stocks fall; inflation remains above the Federal Reserve’s target; small business optimism declines; Hasbro revenue falls.