Economic News

The latest analysis and insights into current events and economic indicators such as central bank news, unemployment numbers, GDP, and more.

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Grocery store on September 12, 2023 in Los Angeles, California
Consumer Confidence Index Dips as Inflation Fears Heighten
A couple sitting on the steps of a home
Why High Mortgage Rates Matter Less In The U.S. Than In Other Countries
Women do computer programming at an office.
Differences in Software Developers' AI Upskilling Could Widen Tech Gender Gap
Federal Reserve Chair Jerome Powell holds a press conference in Washington, D.C., the United States, Sep. 20, 2023.
Will Interest Rates Go Even Higher? Fed Meeting Wednesday Could Provide Clues
Customers shopping in a nutrition store
Inflation Drives Consumer Sentiment Lower, Raises Interest Rate Fears
A couple buys tickets at a theater.
Consumer Spending Is Burning Through Savings As Paychecks Fail To Keep Up
For sale sign in front of house in Florida
Pending Home Sales Surprise with 1.1% Uptick for September
Close up of nose of a Boeing 737 MAX 7 aircraft.
Durable Goods Orders Rise Sharply on Aircraft Sales
A family shopping at a mall
Shoppers Boosted US Economic Growth to Fastest in Years
A family cheerfully raking leaves
How Inflation Made the Middle Class Richer
People discussing finances over paperwork
Americans Are Wealthier Than Ever. Why Do They Feel Worse About Their Finances?
Lower Manhattan Skyline
New York City Economic Tracker: October 2, 2023
Customers shop at a Birkenstock store on October 10, 2023 in Venice, California.
Consumers May Not Slow Their Spending Any Time Soon
Container port
Half of Global Fund Managers Expecting a Weaker World Economy
Buildings under construction in China's Zhejiang province
China's Economy Grew More Than Expected in the Third Quarter
A man and a woman shopping, carrying multiple bags
‘Devil-May-Care’ Consumers Spent Freely In September, Report Shows
Patrick Harker, president and chief executive officer of the Federal Reserve Bank of Philadelphia, during a roundtable event in York, Pennsylvania, on Oct. 2, 2023
Fed Official: Central Bank Should 'Hold Rates Where They Are'
A customer shops for eggs in a Kroger grocery store on August 15, 2022 in Houston, Texas.
Consumer Sentiment Falls Further than Expected as Inflation Fears Worsen
SAG-AFTRA and WGA on the picket line in front of FOX Studios
SAG-AFTRA Negotiations Break Down, Theaters Show Concerts as Strike Continues
A woman gets gasoline for her car at a gas station
September Inflation Rose More Than Expected On Higher Housing, Energy Costs
Workers fulfill orders at an Amazon fulfillment center on Prime Day in Melville, New York, US, on Tuesday, July 11, 2023.
Wholesale Prices Rose Higher than Expected in September
Mary Daly, president of the Federal Reserve Bank of San Francisco, during an Economic Club of New York event in New York, US, on Thursday, Oct. 5, 2023. Daly said policymakers can hold interest rates steady if the labor market and inflation continue to cool or financial conditions remain tight.
Fed's Key Interest Rate May Not Go Any Higher, Officials Say
A food shopper searches for vegetables at the Hannaford supermarket in South Burlington, Vermont.
Fed Survey Shows US Consumers Expect Higher Inflation in the Near and Medium Term
The International Monetary Fund seal on a building.
IMF Projects Likely Soft Landing for 'Stable and Slow' Global Economy
A help wanted sign posted in a storefront window
Inflation and Hiring Difficulties Send Small Business Owner Optimism Lower
Oil well
OPEC Raises Its Estimate for Future Oil Demand
United States Capitol
CEOs Say Political Uncertainty Poses Greatest Risk to Business Growth
Now hiring sign
Despite Strong Jobs Report, Many Analysts Don’t See Another Rate Hike In 2023
Commuters in the area of South Station on Sept. 18, 2023.
September Hiring Surge Shows The Job Market is Staying Hot Despite The Fed's Best Efforts
Lower Manhattan Skyline
New York City Economic Tracker: September 18, 2023
Bank teller at computer helping couple at bank branch counter
Slowing Services Sector Activity Hinders U.S. Economic Outlook
"Now Hiring" Sign
Private Employers Added 89,000 Jobs in September, the Fewest Since January 2021
People lineup as the doors open to the Mega Job Fair held at the FLA Live Arena on June 23, 2022 in Sunrise, Florida.
Job Openings Bounced Up in August
Federal Reserve Board Vice Chair for Supervision Michael S. Barr speaks during a hearing with the Senate Banking Committee on Capitol Hill on May 18, 2023 in Washington, DC.
More Forecasters See a Soft(er) Landing For Economy
World Bank Cuts East Asia-Pacific GDP Growth Outlook Amid Slow China Comeback
Gas prices are displayed at an Arco station on Sept. 19, 2023, in Burbank, California.
Rising Gas Prices Drive Up the Fed's Favorite Inflation Measure for Third Month
Food on a conveyor belt at the check-out counter of a Mercadona SA supermarket in Barcelona, Spain.
Eurozone Inflation Falls to Two-Year Low After ECB Hiked Rates to Record Level
US Treasury Secretary Janet Yellen talks during a luncheon meeting with women economists and entrepreneurs in Hanoi on July 20, 2023.
Economists Are Pretty Good At Predicting Recessions One Quarter Ahead
Minneapolis Federal Reserve Bank President Neel Kashkari visits "Maria Bartiromo's Wall Street" at Fox Business Network Studios on October 11, 2019 in New York City.
Fed Official, Forecasters See More Rate Hikes Ahead
A young man looking at a laptop
Consumers See Growing Risk of Recession As Confidence Falls
Michelle Bowman, member of the Board of Governors of the Federal Reserve System,arrives to attend the afternoon session on the last day of the 2023 European Central Bank Forum on Central Banking on June 28, 2023, in Sintra, Portugal.
Fed Officials Reiterate 'Higher For Longer' Mantra
The Marriner S. Eccles Federal Reserve building stands in Washington, D.C., U.S., on Friday, Nov. 17, 2017.
What a Bunch of Dots Say About The Future Of Your Finances
A view of the Bank of England, London, ahead of the announcement on interest rates. Picture date: Thursday September 21, 2023.
Following in Fed’s Footsteps, Bank of England Narrowly Votes To Pause Rate Hikes
For sale sign in front of a house.
Existing Home Sales Fall to 7-Month Low in August Amid High Rates and Prices, Low Supply
Lower Manhattan Skyline
New York City Economic Tracker: September 4, 2023
Jerome Powell, chairman of the US Federal Reserve, speaks during a news conference following a Federal Open Market Committee (FOMC) meeting in Washington, DC, US, on Wednesday, Sept. 20, 2023. The Federal Reserve left its benchmark interest rate unchanged while signaling borrowing costs will likely stay higher for longer after one more hike this year.
Interest Rates Will Stay Higher for Longer, Fed Officials Forecast
Amazon employees working in a warehouse in Bridgewater, Massachusetts
Amazon Holiday Hiring May Counter Sluggish Seasonal Job Market
A Hooverville was a shanty town built during the Great Depression by the homeless in the United States. They were named after Herbert Hoover, who was President of the United States during the onset of the Depression and was widely blamed for it. The term was coined by Charles Michelson, publicity chief of the Democratic National Committee. There were hundreds of Hoovervilles across the country during the 1930s.
The Fed’s Anti-Recession Playbook May Get Harder To Use, Economists Predict
OECD headquarters
OECD Lowers 2024 Outlook on Inflation Impact, Weaker-Than-Expected Recovery in China
The five-star Red flag, the national flag of the People's Republic of China, is fluttering under the blue sky.
U.S. Companies are Less Optimistic About Business Climate in China, Survey Shows
Travelers make their way through Orlando International Airport during the busy Labor Day holiday weekend in Orlando. According to the American Automobile Association, Orlando is a top five Labor Day travel destination. Orlando International Airport is expecting more than 900,000 passengers, a 14 percent increase over 2022.
Americans Took Record-Setting Vacations In Summer Of ‘Revenge Travel’
United Auto Workers (UAW) members on a picket line outside the Stellantis NV Toledo Assembly Complex in Toldeo, Ohio, US, on Monday, Sept. 18, 2023. The United Auto Workers began a strike Friday against all three of the legacy Detroit carmakers, an unprecedented move that could launch a costly and protracted showdown over wages and job security.
Worker Strikes Hit 23-Year High in August
Pump at a gas station
Oil Prices Just Hit a New 10-Month High. What This Could Mean For Your Wallet
close up shot of paystub
Most Americans Living Paycheck to Paycheck This Year, Survey Finds
Lionel Messi #10 of Inter Miami CF looks on during an Inter Miami CF Training Session at Florida Blue Training Center on September 15, 2023 in Fort Lauderdale, Florida.
Here are Four Ways Lionel Messi’s Move to MLS is Boosting the US Economy
U.S. Federal Reserve Chair Jerome Powell attends a press conference in Washington, D.C., the United States, on July 26, 2023. The U.S. Federal Reserve on Wednesday raised its benchmark interest rates by 25 basis points to the range of 5.25-5.5 percent, the highest level in over two decades, as it continues to ramp up its fight against inflation.
How High For How Long? Fed Meeting Will Give Clues On Interest Rates
A woman pumping gas
US Consumers Still Feeling Gloomy About the Economy
Guanqian Street shopping area in Suzhou, Jiangsu province, China,
China Data Is Encouraging But The Economy Isn’t Turning Around Just Yet
A car that's fallen into a lake, likely a total loss
Car Insurance Premiums Are Going Full Throttle
Two women carrying shopping bags in a retail area
Holiday Retail Sales Projected To Grow, Helped By Strong Job Market