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(Bloomberg) -- Italian inflation accelerated more than anticipated to exceed the European Central Bank’s 2% target for the first time in 18 months.Most Read from BloombergGold-Rush Fever Returns to Historic New Zealand Mining TownWhat Frank Lloyd Wright Learned From the DesertBank Regulators Fight for Desks as OCC Returns to New York TowerThese US Bridges Face High Risk of Catastrophic Ship StrikesCharter Schools, Colleges Push Muni Debt Distress Near RecordConsumer prices rose 2.1% from a year

Goldman Sachs sounds the alarm bell on the economy ahead of President Trump's "Liberation Day."

BOGOTA (Reuters) -Colombia's central bank held the benchmark interest rate at 9.5% on Monday, surprising the market, which expected policymakers to resume cuts to borrowing costs despite inflation pressures and a difficult fiscal situation. Three board members voted for a 50-basis-point cut. "The risks of inflation pressures persist, associated with fiscal challenges and external uncertainty," the board said.

SINGAPORE/BEIJING (Reuters) -U.S. President Donald Trump's threat to hit buyers of Russian oil with tariffs had a limited impact on oil markets on Monday, as traders tried to determine how far the White House could go after Chinese and Indian oil importers. Trump's proposal to hit buyers with a 25% to 50% tariff would be significant for oil markets if it turned into an order, but analysts and traders questioned whether the threat was just Trump showing one of many cards in his talks with Russia.

(Bloomberg) -- UK Prime Minister Keir Starmer held “productive” discussions about “an economic prosperity deal” on a call with US President Donald Trump on Sunday evening ahead of a crunch week in which the government hopes to carve out exemptions from looming US tariffs.Most Read from BloombergGold-Rush Fever Returns to Historic New Zealand Mining TownWhat Frank Lloyd Wright Learned From the DesertBank Regulators Fight for Desks as OCC Returns to New York TowerThese US Bridges Face High Risk of

The fortunes of the stock market play a big role in shaping the mood of the consumer, and things aren't looking great right now.

"Energy markets are not exempt from the loss of public faith in all markets," one executive said.