
Economists dispute Trump's economic claims as US midterms approach
Data cited in a Guardian report shows inflation higher and growth lower than under the previous administration, as critics push back on the president's claims about the economy.

Data cited in a Guardian report shows inflation higher and growth lower than under the previous administration, as critics push back on the president's claims about the economy.
A report from Anadolu Agency (Turkey) sets out the main available details, with claims kept attributed to their sources.
Columnist Heather Stewart writes that rising energy bills, borrowing costs and inflation - partly linked to the US-Israeli war on Iran - are straining the government's finances.
Consumers are paying more to pursue hobbies such as arts, crafts and outdoor sports, even as travel costs rise alongside higher airfares.

The benchmark 10-year Treasury yield has climbed to its highest level in roughly 19 years, driven by persistent inflation, heavy bond issuance and an AI-fueled investment boom.

Investors should watch for signs of stagflation even in the absence of a significant economic slowdown, the bank says.

Elevated yields on US government debt are complicating both Federal Reserve policy decisions and the Treasury's own financing plans.
The yield on ten-year Treasury bonds has reached 5.1%, its highest level since July 2007, amid sustained inflation and economic growth.
New services and manufacturing data stoked concerns about further Federal Reserve rate hikes, pushing yields sharply higher.

Chris Kempczinski said he expects elevated inflation and stagnant customer traffic to keep weighing on the restaurant sector.
U.S. government bond yields held steady early Wednesday even as crude oil prices moved sharply in both directions.

Boston Federal Reserve President Susan Collins said there is an increased likelihood inflation remains well above the Fed's 2% target.
New data shows nearly a third of Argentines fell below the poverty line as the basic food basket cost around $440 amid weak household incomes.

Business association Confesercenti says Italy must build a 'shield' to reduce its vulnerability to external economic shocks, according to Nico Gronchi.

A 4.1-percentage-point increase in the first half of 2026 could complicate Milei's re-election bid.

Surging costs of bread, sugar and meat are straining households already grappling with war and economic instability in Sudan.
The regional Fed policymaker said additional interest rate hikes may be required to bring inflation back down to target.
The Central Bank governor said demand for cash has risen only slightly and the situation is stabilizing.
Bank of England deputy governor Clare Lombardelli warns that persistent energy-driven inflation could force rates higher.
New York Federal Reserve President John Williams made the remarks at the London Macro Policy Forum.