The Latest Breaking News from International Monetary Fund

Donald Trump's tariff plans have increased the risks to public finances, the International Monetary Fund said Wednesday, warning countries to get their spending plans under control and prepare for "sharper" trade-offs.

NEWS ANALYSIS: As Rachel Reeves prepares for a career defining speech in Washington DC, political editor David Maddox looks at the competing forces turning her dreams of economic growth into a nightmare

The chancellor will have her first face-to-face meeting with US Treasury secretary Scott Bessent

Donald Trump says tariffs on China will be dropped “substantially” as IMF warns of ‘major negative shock’ from tariffs – key US politics stories from 22 April

Rachel Reeves will meet American counterpart Scott Bessant for talks on an economic deal between the US and UK

Australia expected to lose $13bn in output thanks to Trump tariffs, body says; Nine awards third debate to Peter Dutton after familiar exchanges

Predictions for U.S. and global economic growth are down since January.

The S&P 500 Index ($SPX ) (SPY ) Tuesday closed up +2.51%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed up +2.66%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +2.63%. June E-mini S&P futures (ESM25 ) are up +2.52%, and June E-mini Nasdaq futures...

The dollar index (DXY00 ) Tuesday rose by +0.65%. The dollar rallied moderately Tuesday and rebounded from Monday's 3-year low. Short covering emerged in the dollar Tuesday on trade deal optimism after US trade negotiators said they have made "significant progress" toward a bilateral trade deal with India following talks...