Inflation is tipped to fall back to its lowest level for nearly a year in a busy week for UK economic data, with hopes the drop will help accelerate the Bank of England’s rate-cutting cycle.

US headline inflation rose by 0.2 per cent month on month and 2.4 per cent year on year, slightly below expectations. Core inflation stood at 0.3 per cent month on month and 2.5 per cent year on year, ...

Beth M. Hammack, head of the Federal Reserve Bank of Cleveland, says it is too early to gauge the economic impact of the Iran war and backs holding interest rates steady for “quite some time.” Beth M.

In its submission to the Fair Work Commission's annual wage review, the government again calls for the lowest-paid workers to not go backwards.