Economic News

The latest analysis and insights into current events and economic indicators such as central bank news, unemployment numbers, GDP, and more.
Jerome Powell, chairman of the US Federal Reserve, during an Economic Club of Washington event in Washington, DC, US, on Monday, July 15, 2024. Jerome Powell, chairman of the US Federal Reserve, during an Economic Club of Washington event in Washington, DC, US, on Monday, July 15, 2024.
Markets Are Betting On Steep Fed Rate Cuts. Will They Be Right For Once?
By
Diccon Hyatt
Published Jul 29, 2024
Woman scanning item at self service checkout, Walmart megastore, North Carolina. Woman scanning item at self service checkout, Walmart megastore, North Carolina.
US Consumers Are Increasingly ‘Tapped Out’
By
Terry Lane
Published Jul 27, 2024
Shoppers view shoes at a Sketchers retail store at the Barton Creek Square Mall on July 16, 2024 in Austin, Texas. Shoppers view shoes at a Sketchers retail store at the Barton Creek Square Mall on July 16, 2024 in Austin, Texas.
US Consumer Sentiment Declines As Low Earners Become More Concerned
By
Terry Lane
Published Jul 26, 2024
Shoppers walk through the Fashion Centre at Pentagon City, a shopping mall in Arlington, Virginia, February 2, 2024. Shoppers walk through the Fashion Centre at Pentagon City, a shopping mall in Arlington, Virginia, February 2, 2024.
Why The Fed May Need You To Stop Spending So Much Money
By
Taylor Tompkins
Published Jul 26, 2024
An illustration shows various facets of the economy. An illustration shows various facets of the economy.
US Economy News Today: Consumer Sentiment at Lowest Point Since Last Year
By
Taylor Tompkins
Updated Jul 26, 2024
People shop at a supermarket in Foster City, California, the United States, Jan. 11, 2024. People shop at a supermarket in Foster City, California, the United States, Jan. 11, 2024.
Slowly And Steadily, the Federal Reserve Is Making Progress on Inflation
By
Taylor Tompkins
Published Jul 26, 2024
A Boeing 777 (front) and a 787-9 Dreamliner are under production at the Boeing Everett Production Facility in Everett, Washington, on June 26, 2024. A Boeing 777 (front) and a 787-9 Dreamliner are under production at the Boeing Everett Production Facility in Everett, Washington, on June 26, 2024.
How Aircraft Orders Are Keeping the Economy From Gliding
By
Terry Lane
Published Jul 25, 2024
People walk past a Lululemon department store on June 05, 2024 in New York City People walk past a Lululemon department store on June 05, 2024 in New York City
Will the US Economy Be Able to Sustain Robust Growth the Rest of 2024?
By
Taylor Tompkins
Published Jul 25, 2024
An illustration shows hands holding money, a grocery card, a capitol building and a windmill. An illustration shows hands holding money, a grocery card, a capitol building and a windmill.
US Economic Growth Reaccelerated in the Second Quarter, GDP Figures Show
By
Diccon Hyatt
Published Jul 25, 2024
An illustration shows various facets of the economy. An illustration shows various facets of the economy.
US Economy News Today: The Economy Grew More Than Expected in the Second Quarter
By
Taylor Tompkins
Updated Jul 25, 2024
Jerome Powell, chairman of the US Federal Reserve, during a Senate Banking, Housing, and Urban Affairs Committee hearing in Washington, DC, US, on Tuesday, July 9, 2024. Powell said "more good data" would strengthen confidence that inflation is moving down toward the US central bank's 2% target, and recent readings point to "modest further progress" on prices. Jerome Powell, chairman of the US Federal Reserve, during a Senate Banking, Housing, and Urban Affairs Committee hearing in Washington, DC, US, on Tuesday, July 9, 2024. Powell said "more good data" would strengthen confidence that inflation is moving down toward the US central bank's 2% target, and recent readings point to "modest further progress" on prices.
A Fed Rate Cut Appears Imminent—Not Everyone Thinks It's the Right Time
By
Diccon Hyatt
Published Jul 25, 2024
A home for sale in the West Seattle neighborhood of Seattle, Washington, US, on Tuesday, June 18, 2024. The National Association of Realtors is scheduled to release existing homes sales figures on June 21. A home for sale in the West Seattle neighborhood of Seattle, Washington, US, on Tuesday, June 18, 2024. The National Association of Realtors is scheduled to release existing homes sales figures on June 21.
New-Home Sales Stall Despite Highest For-Sale Supply In 16 Years
By
Diccon Hyatt
Published Jul 24, 2024
Shoppers carry bags in the Union Square neighborhood of San Francisco, California, US, on Friday, June 7, 2024. Shoppers carry bags in the Union Square neighborhood of San Francisco, California, US, on Friday, June 7, 2024.
What to Expect From Thursday's Report on US Economic Growth
By
Taylor Tompkins
Updated Jul 24, 2024
An employee wearing a cleanroom suit walks beneath Automated Material Handling Systems (AMHS) vehicle robots moving along tracks on the ceiling inside the GlobalFoundries semiconductor manufacturing facility in Malta, New York, US, on Tuesday, June 18, 2024. An employee wearing a cleanroom suit walks beneath Automated Material Handling Systems (AMHS) vehicle robots moving along tracks on the ceiling inside the GlobalFoundries semiconductor manufacturing facility in Malta, New York, US, on Tuesday, June 18, 2024.
The Disparity Between Manufacturing and Service Business Activity is Growing
By
Terry Lane
Published Jul 24, 2024
A worker in a warehouse moves a refrigerator in a box. A worker in a warehouse moves a refrigerator in a box.
US Business Inventory Levels Were Up in June—Why That Matters
By
Terry Lane
Published Jul 24, 2024
An illustration shows various facets of the economy. An illustration shows various facets of the economy.
US Economy News Today: Newly Built Homes Sales Fell Short of Expectations
By
Taylor Tompkins
Updated Jul 24, 2024
Federal Reserve Bank Chairman Jerome Powell testifies before the House Financial Services Committee in the Rayburn House Office Building on Capitol Hill on March 06, 2024 in Washington, DC. Federal Reserve Bank Chairman Jerome Powell testifies before the House Financial Services Committee in the Rayburn House Office Building on Capitol Hill on March 06, 2024 in Washington, DC.
Why Some Economists Think the Fed Should Cut Interest Rates This Month
By
Terry Lane
Updated Jul 24, 2024
U.S. President Donald Trump looks on as his nominee for the chairman of the Federal Reserve Jerome Powell takes to the podium during a press event in the Rose Garden at the White House, November 2, 2017 in Washington, DC. U.S. President Donald Trump looks on as his nominee for the chairman of the Federal Reserve Jerome Powell takes to the podium during a press event in the Rose Garden at the White House, November 2, 2017 in Washington, DC.
The Fed Could Cut Interest Rates Before The Election, Risking Political Fallout
By
Diccon Hyatt
Published Jul 24, 2024
A home for sale in the West Seattle neighborhood of Seattle, Washington, US, on Tuesday, June 18, 2024. A home for sale in the West Seattle neighborhood of Seattle, Washington, US, on Tuesday, June 18, 2024.
Is the Housing Market Shifting in Favor of Buyers?
By
Terry Lane
Published Jul 23, 2024
An illustration shows various facets of the economy. An illustration shows various facets of the economy.
US Economy News Today: Existing Homes Sales Decline Further
By
Taylor Tompkins
Published Jul 23, 2024
A customer looks at products for sale at a store in San Francisco, California, US, on Friday, June 7, 2024. A customer looks at products for sale at a store in San Francisco, California, US, on Friday, June 7, 2024.
What to to Expect From Friday's Closely Watched US Inflation Report
By
Diccon Hyatt
Published Jul 22, 2024
An illustration shows various facets of the economy. An illustration shows various facets of the economy.
US Economy News Today: Fed Chair Jerome Powell is Looking More Dovish
By
Taylor Tompkins
Updated Jul 22, 2024
Federal Reserve Chairman Jerome Powell testifies during the House Financial Services Committee hearing titled "Federal Reserve's Semi-Annual Monetary Policy Report," in Rayburn building on Wednesday, July 10, 2024. Federal Reserve Chairman Jerome Powell testifies during the House Financial Services Committee hearing titled "Federal Reserve's Semi-Annual Monetary Policy Report," in Rayburn building on Wednesday, July 10, 2024.
Once an Advocate of Higher Rates, Powell Now Looks Like a ‘Dove’
By
Terry Lane
Published Jul 22, 2024
Shenzhen skyline Shenzhen skyline
China Cuts Lending Rate in Attempt To Boost Economy
By
Nisha Gopalan
Published Jul 22, 2024
People shop at a supermarket in Foster City, California People shop at a supermarket in Foster City, California
Why Consumers and Economists Don't See Eye-to-Eye on Inflation
By
Terry Lane
Published Jul 21, 2024
A sign is posted in front of an apartment building with available rentals on June 09, 2023 in San Francisco, California A sign is posted in front of an apartment building with available rentals on June 09, 2023 in San Francisco, California
Renters Are Paying $300 More on Average Than Before the Pandemic
By
Elizabeth Guevara
Published Jul 20, 2024
An illustration shows various facets of the economy. An illustration shows various facets of the economy.
US Economy News Today: Last Day of Fed Speak Ahead of Blackout Period
By
Taylor Tompkins
Updated Jul 19, 2024
A For Sale sign is posted in front of a home for sale in San Marino, California on September 6, 2023. With US mortgage rates rising to 15-year highs hovering around 7.2% to start the post-Labor Day period, the difference between new 30-year home loan rates and on all outstanding US mortgage debt has not been this wide since the 1980s. A For Sale sign is posted in front of a home for sale in San Marino, California on September 6, 2023. With US mortgage rates rising to 15-year highs hovering around 7.2% to start the post-Labor Day period, the difference between new 30-year home loan rates and on all outstanding US mortgage debt has not been this wide since the 1980s.
Mortgage Rates Fall For Second Week in a Row, Freddie Mac Says
By
Taylor Tompkins
Published Jul 18, 2024
A customer shops for eggs in a Kroger grocery store on August 15, 2022 in Houston, Texas. A customer shops for eggs in a Kroger grocery store on August 15, 2022 in Houston, Texas.
Spending More Time Shopping For the Best Price? You're Not Alone
By
Elizabeth Guevara
Published Jul 18, 2024
'Now Hiring' sign 'Now Hiring' sign
Why News of a Surge in Unemployment Insurance Claims Isn't Cause For Alarm
By
Taylor Tompkins
Published Jul 18, 2024
An illustration shows various facets of the economy. An illustration shows various facets of the economy.
US Economy News Today: Mortgage Rates Drop For Second Week in a Row, Freddie Mac Says
By
Taylor Tompkins
Published Jul 18, 2024
Businesswoman presenting to colleagues at a meeting Businesswoman presenting to colleagues at a meeting
Inflation, High Interest Rates Weigh on Small, Midsize Company CEO Confidence
By
Trina Paul
Published Jul 17, 2024
Houses under construction Houses under construction
Why June's Rise in Housing Construction May Not Indicate a Home Building Surge
By
Terry Lane
Published Jul 17, 2024
An aerial view of houses in Jersey City, United States on July 13, 2024. An aerial view of houses in Jersey City, United States on July 13, 2024.
Homeowners Chased Lower Mortgage Rates As Refinancing Surged Last Week
By
Terry Lane
Published Jul 17, 2024
An illustration shows various facets of the economy. An illustration shows various facets of the economy.
US Economy News Today: Fed Officials See Interest Rate Cuts Getting Closer
By
Taylor Tompkins
Updated Jul 17, 2024
Illustration depicting commercial real estate Illustration depicting commercial real estate
What Lies Ahead for the Commercial Real Estate Market for the Rest of 2024?
By
Lyle Niedens
Published Jul 17, 2024
A shopper carries shopping bags in San Francisco, California, US, on Friday, June 7, 2024. A shopper carries shopping bags in San Francisco, California, US, on Friday, June 7, 2024.
US Consumer Spending Remains Surprisingly Resilient
By
Terry Lane
Published Jul 16, 2024
Construction crews work to build new homes in a subdivision by Tri Pointe Homes Colorado in Aurora Highlands, Colorado on April 8, 2024. Construction crews work to build new homes in a subdivision by Tri Pointe Homes Colorado in Aurora Highlands, Colorado on April 8, 2024.
Why Are Homebuilders Down on the Market While Investors Are Gaining Confidence?
By
Terry Lane
Published Jul 16, 2024
IMF logo IMF logo
IMF Forecasts Slower US Growth, Higher-for-Longer Global Interest Rates
By
Nisha Gopalan
Published Jul 16, 2024
A view of the Port of Baltimore on June 12, 2024 A view of the Port of Baltimore on June 12, 2024
How Unchanged Import Prices Could Be Good For Your Wallet
By
Taylor Tompkins
Published Jul 16, 2024
Federal Reserve Chair Jerome Powell, during an Economic Club of Washington event in Washington, DC, on July 15, 2024. Federal Reserve Chair Jerome Powell, during an Economic Club of Washington event in Washington, DC, on July 15, 2024.
Traders Pricing in 100% Chance Fed Will Cut Interest Rates in September
By
Taylor Tompkins
Published Jul 16, 2024
An illustration shows various facets of the economy. An illustration shows various facets of the economy.
US Economy News Today: Import Prices Remained Steady in June
By
Taylor Tompkins
Updated Jul 16, 2024
Federal Reserve Chairman Jerome Powell speaks during an interview with David Rubenstein for The Economic Club at the Marriott Marquis on July 15, 2024 in Washington, DC. Federal Reserve Chairman Jerome Powell speaks during an interview with David Rubenstein for The Economic Club at the Marriott Marquis on July 15, 2024 in Washington, DC.
Fed Chair Jerome Powell Isn't Ready to Claim Victory Over Inflation Yet
By
Terry Lane
Published Jul 15, 2024
An illustration shows various facets of the economy. An illustration shows various facets of the economy.
US Economy News Today: Powell Says He Sees Inflation Improvement
By
Taylor Tompkins
Updated Jul 15, 2024
Residential buildings under construction in eastern China's Zhejiang province. Residential buildings under construction in eastern China's Zhejiang province.
China’s Economy Grows Slower Than Forecast
By
Nisha Gopalan
Published Jul 15, 2024
An illustration shows homes with money behind it. An illustration shows homes with money behind it.
What to Expect in the Housing Market in the Second Half of the Year
By
Terry Lane
Published Jul 13, 2024
Shoppers at a store in New York City. Shoppers at a store in New York City.
High Prices Are Vexing Consumers, But They Expect That To Change
By
Terry Lane
Published Jul 12, 2024
An illustration shows various facets of the economy. An illustration shows various facets of the economy.
US Economy News Today: Consumer Sentiment Declines Despite Easing Inflation Expectations
By
Taylor Tompkins
Updated Jul 12, 2024
A worker moving boxes of bananas with a forklift A worker moving boxes of bananas with a forklift
How Wholesale Inflation Could Temper Hopes of a Federal Reserve Rate Cut
By
Terry Lane
Published Jul 12, 2024
A driver pumps gas at a Shell gas station in Washington, DC, US, on Tuesday, Nov. 28, 203. Gasoline prices have fallen for 60 consecutive days, the longest streak of declines in more than a year, letting American drivers pass on savings at the pump to consumer retailers during the US economy's all-important holiday season. A driver pumps gas at a Shell gas station in Washington, DC, US, on Tuesday, Nov. 28, 203. Gasoline prices have fallen for 60 consecutive days, the longest streak of declines in more than a year, letting American drivers pass on savings at the pump to consumer retailers during the US economy's all-important holiday season.
Will Gas Prices Continue to Drive an Inflation Slowdown?
By
Elizabeth Guevara
Published Jul 11, 2024
A woman scanning groceries at self checkout line in Costco, Palm Beach, Florida. A woman scanning groceries at self checkout line in Costco, Palm Beach, Florida.
Believe It Or Not: Lower Inflation and Higher Wages Have Made Paychecks Go Further
By
Diccon Hyatt
Published Jul 11, 2024
Federal Reserve Chair Jerome Powell Federal Reserve Chair Jerome Powell
What's Next for the Fed's Fight Against Inflation?
By
Taylor Tompkins
Published Jul 11, 2024
A shopper enters an Aldi supermarket in Alhambra, Calif., in June. A shopper enters an Aldi supermarket in Alhambra, Calif., in June.
Companies Are Seeing a Challenged U.S. Consumer as Earnings Season Starts
By
David Marino-Nachison
Published Jul 11, 2024
Hiring sign Hiring sign
Jobless Claims Lower as Fed Watches Labor Market Strength
By
Terry Lane
Published Jul 11, 2024
An illustration shows various facets of the economy. An illustration shows various facets of the economy.
US Economy News Today: Jobless Claims Lower as Fed Watches Labor Market Strength
By
Taylor Tompkins and Diccon Hyatt
Updated Jul 11, 2024
father son looking at a smartphone father son looking at a smartphone
Nearly Half of Gen Z Adults Say They're Getting Family Financial Help
By
Trina Paul
Published Jul 11, 2024
Federal Reserve Bank Chair Jerome Powell speaks during a House Financial Services Committee hearing on the Federal Reserve's Semi-Annual Monetary Policy Report at the U.S. Capitol on July 10, 2024 Federal Reserve Bank Chair Jerome Powell speaks during a House Financial Services Committee hearing on the Federal Reserve's Semi-Annual Monetary Policy Report at the U.S. Capitol on July 10, 2024
Americans Want Prices to Fall—The Fed Doesn't Want That to Happen
By
Diccon Hyatt
Updated Jul 11, 2024
A shopper makes his way down an aisle at Vons market in Westchester, California on July 10, 2024. A shopper makes his way down an aisle at Vons market in Westchester, California on July 10, 2024.
Inflation Fell in June, Giving Consumers a Break and Adding to Fed Rate-Cut Hopes
By
Diccon Hyatt
Published Jul 11, 2024
Staff Working Behind Counter In Busy Coffee Shop Staff Working Behind Counter In Busy Coffee Shop
Minimum Wage Increases Could Result in Pay Raises, Layoffs, AI Adoption
By
Terry Lane
Published Jul 10, 2024
worker arranges peaches at a fruit stand in the Pike Place Market in Seattle, Washington, US, on Thursday, July 4, 2024. worker arranges peaches at a fruit stand in the Pike Place Market in Seattle, Washington, US, on Thursday, July 4, 2024.
What You Need to Know Ahead of Thursday's Key CPI Inflation Report
By
Diccon Hyatt
Updated Jul 10, 2024