
Unemployment fears hit worst levels since Covid as tariffs fuel inflation outlook, Fed survey shows
Consumer worries grew over inflation, unemployment and the stock market as the global trade war heated up in March.
The president’s U-turn after his maverick plan threatened meltdown has echoes of the 2022 UK crisis
A maverick economic policy announcement from a self-styled disruptor plunges the country’s currency into freefall and puts rocket boosters behind the cost of government debt, prompting warnings of an economic nuclear winter and forcing a pretty undignified U-turn.
If, on top of general concern, there has been a nagging sense of deja vu in Britain over the past 24 hours, then the ill-fated 49-day reign of Liz Truss as the UK prime minister may well be to blame.