Economy

Economy

• Oil price rises as US says Israel has struck Iran

  Oil and gold prices have jumped, while shares have fallen.

• US interest rate setter says 'no hurry' to cut

  A key member of the US central bank, Raphael Bostic, tells the BBC rates might only ease "at the end of 2024".

• Shoppers shun department stores as prices rise

  Higher prices put off shoppers as sales volumes overall stagnate in March.

• UK inflation falls as some food prices drop

  New official figures show that inflation, the rate at which prices rise over time, fell again in March.

• Unemployment jumps as UK jobs market stalls

  The slowing jobs market has raised questions over when the Bank of England might cut interest rates.