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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Amazon Fulfillment center
US Cyber Monday Sales Online Could Top $12B After Record Black Friday, Adobe Says
A family eating Thanksgiving dinner
Something To Be Thankful For: Falling Food Prices (Over The Long Run)
 Black Friday deal in the electronics department at the Walmart Supercenter
'Tis The Season Of Holiday Spending For US Consumers—Will They Defy Tepid Expectations?
Black Friday signs at a Target store
As Holiday Shopping Beckons, Retailers Ratchet Down Their Expectations
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.
Housing Market's Freeze Got Deeper In October As Sales Hit 13-Year Low
Susan Collins, president of the Federal Reserve Bank of Boston, speaks during a Bloomberg Television interview in Washington, DC, US, on Friday, March 31, 2023
More Fed Rate Hikes Still On the Table, Official Says
home under construction
Housings Starts, Building Permits Move Higher as Builders’ Recession Fears Fade
The Federal Reserve Headquarters in Washington DC on a sunny day
Fed Officials Cite Progress Vs Inflation, Reinforcing Idea That Rate-Hike Cycle is Over
Job seekers read instructions during a career fair where job seekers can meet with prospective employers during a City of Los Angeles career fair offering to fill vacancies in more than 30 classifications of jobs on November 2, 2023 in Los Angeles, California.
Jobless Claims Spike: Is Unemployment Rising For Real This Time?
European Central Bank
EU Expects Eurozone to Avoid Recession as Inflation Eases, With Growth Rebound in 2024
People pump gas at a Shell gas station on August 03, 2023 in Austin, Texas. Gas stations around the country have boosted prices by an average of 26 cents a gallon over the past month as irregular temperatures have made fuel-making more challenging due to the slowing of cooling processes needed to refine crude oil.
Wholesale Prices Decline for the First Time Since May
Woman interviewing another woman while seated in an office
AI Isn't Doing Entire Jobs Yet—But It Is Being Integrated Into Work
Seal of the Board of Governors of the United States Federal Reserve System. This version of the seal mostly dates from 1935.
Tuesday's Inflation Report Seen As A Turning Point in The War On Inflation
Man pumping gas
Inflation Cooled To 3.2% in October As Gas Prices Fell
U.S. Treasury Building in Washington D.C.
Why Moody's Cut Its Outlook for the US Economy
A for sale sign hangs in front of a home on August 22, 2023 in San Mateo County, California.
A Record 85% of US Consumers Think It's a Bad Time to Buy a Home, Fannie Mae Survey Shows
Consumer putting gas in car.
Interest Rates, Inflation Push Consumer Sentiment Lower for 4th Straight Month
US Federal Reserve Board of Governors at the William McChesney Martin Jr. Federal Reserve building in Washington, DC, US
Why Some Economists Think the Fed Has Already Won Its War Against Inflation
Fed Chairman Powell speaking at IMF event.
Fed Officials Say They Might Raise Rates Again—Market Participants Aren't Buying It
Workers in a warehouse talking and looking at a clipboard
How Easy Are Jobs To Find? It Depends On The Industry
A mechanic inspects brake pads on a lifted car.
September Wholesale Inventories Rise, Helped by Uptick in Auto Parts
Michelle Bowman, governor of the US Federal Reserve, speaks during a Fed Listens event in Washington, D.C., US, on Friday, Sept. 23, 2022.
Despite Cooling Inflation, Fed Officials Split on Need for More Rate Hikes
US President Joe Biden meets with China's President Xi Jinping during a virtual summit from the Roosevelt Room of the White House in Washington, DC, November 15, 2021.
U.S. Trade Deficit Increases as Imbalance with China Grows
A young man looks at his credit card while holding a tablet.
Under 40 and Underwater? Some Adults Are Falling Behind On Car Loans and Credit Card Debt
A man looking worried looking over bills
Have A 'Fair' Credit Score But Your Loan Got Denied? You're Not Alone
Lower Manhattan Skyline
The New York City Economic Tracker: October 16, 2023
Workers build homes in Lillington, North Carolina, US, on Thursday, June 15, 2023.
Why Homebuilders Can’t Meet Demand For New Homes—It's Too Expensive
Two men in a motorboat.
How High Interest Rates Are Affecting Every Corner of Business—What CEOs Are Saying
People holding multiple shopping bags with holiday gifts
Continued Strength in Job Market Expected to Encourage Record Holiday Spending
A "UAW On Strike" sign held on a picket line outside the General Motors Co. Spring Hill Manufacturing plant in Spring Hill, Tennessee, US, on Monday, Oct. 30, 2023. General Motors Co. reached a tentative agreement with the United Auto Workers, according to people familiar with the matter, bringing an end to a six-week-old strike that had upended US automobile production and cost the industry billions of dollars.
U.S. Employers Added Fewer-Than-Expected Jobs in October, Unemployment Rate Rises to 3.9%
A woman relaxing on a deck chair
Homeowners Are Increasingly Reluctant to Sell, But Not For The Reason You'd Expect
Employer arriving for a job interview, businessman listen to candidate answers explaining about his profile and colloquy dream job, manager sitting in job Interview talking in office
Job Openings Remain Elevated, But Quit Rates and Layoffs at Pre-Pandemic Levels
New home construction in Petaluma, California, 2015
September Construction Spending Up 0.4%, Meeting Economists' Expectations
The Marriner S. Eccles Federal Reserve building during a renovation in Washington, DC, US, on Tuesday, Oct. 24, 2023. The Federal Reserve chair last week suggested the US central bank is inclined to hold interest rates steady again at its next meeting while leaving open the possibility of a future hike if policymakers see further signs of resilient economic growth.
Federal Reserve Holds Interest Rate At 22-Year High
Woman taking a photo of a paycheck
Pay Raises Are Getting Smaller. But Are They Small Enough For the Fed?
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