The headline rate of UK inflation jumped by more than expected to 3.5% in April, this morning's ONS report showed

The dip in the U.S. credit rating indicates that ratings agencies believe the government is at a higher risk of default on its debt. While the U.S. rating still remains relatively high, the decrease may make investors more hesitant to lend to the government, and demand higher compensation for lending in the form of higher interest rates.

The European Central Bank may need to cut its key interest rate below the neutral level of 1.5%-2% to prevent inflation from falling below its 2% target in a frail economic setting, ECB policymaker Mario Centeno told a news briefing on Wednesday.

Many people worry they aren’t saving enough for retirement. But what if you’re saving consistently and still aren’t confident you’ll be fine once your career comes to an end? If so, you may be worried about inflation.

We explain the reasons for RBA governor Michele Bullock's change in plans around interest rates — and where the US fits in.

The financial expert said: After last month’s barrage of price hikes - which added around £360 to the average household’s outgoings - this inflation spike is no surprise. Housing and household services were among the largest upward contributors to April’s inflation figures.

Ghana's central bank will assess whether its current monetary policy stance is enough to continue driving consumer inflation lower, governor Johnson Asiama said on Wednesday.

The backdrop has many on Wall Street, including Morgan Stanley, updating their forecasts. The major investment firm recently released a midyear update that includes economic targets and shatters hopes for more Federal Reserve interest rate cuts this year.