latest news in economy
US Inflation Surges to 3.7% as Rising Energy Costs Squeeze Household Budgets
Washington, Wednesday, 14 October 2026.
U.S. inflation accelerated to 3.7% in September 2026, driven by soaring energy costs that pushed real average hourly earnings down 0.5%, heightening pressure on consumers and Federal Reserve policymakers.
Whistleblowers Warn Insurers Are Downplaying Climate Risks to Protect Profits
London, Wednesday, 14 October 2026.
Insurance insiders reveal companies are secretly pressuring analysts to understate climate risks, threatening an economic shock comparable to the 2008 financial crash as properties become uninsurable.
UK Economic Growth Forecast Upgraded as Tech Expansion Drives Resilience
London, Wednesday, 14 October 2026.
The International Monetary Fund raised the UK’s 2026 economic growth forecast to 1.3 percent, driven by artificial intelligence adoption, though rising energy costs could slow momentum next year.
US Inflation Reaches 3.6 Percent Driven by High Energy Costs
Washington, Wednesday, 14 October 2026.
Surging oil prices linked to the Middle East conflict pushed US annual inflation to 3.6% in September 2026, forcing the Federal Reserve to balance geopolitical shocks with massive artificial intelligence spending.
International Monetary Fund Cuts Argentina Growth Projection to Low of 2.1 Percent
Buenos Aires, Wednesday, 14 October 2026.
The IMF downgraded Argentina’s 2026 growth forecast to 2.1 percent due to weak demand, while raising inflation projections to 32.5 percent despite expectations of a late-year recovery.