Economic News

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

home under construction

Construction Spending Increased in April For Second Straight Month

Published Jun 01, 2023

A man reviewing bills

Student Loan Resumption Could Stifle Up To $5 Billion of Consumer Spending A Month

Published Jun 01, 2023

Family moving house, unloading truck

Lenders Made Fewest Home Loans Since 2000 As High Rates Stifle Mortgage Business

Published Jun 01, 2023

Business people shaking hands in the office.

Resilient Labor Market Bounced Back in April As Job Openings Increased

Published May 31, 2023

Lower Manhattan Skyline

The New York City Economic Tracker: May 8, 2023

Hiranmayi Srinivasan and Adrian Nesta

Published May 30, 2023

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Airport in the USA

Memorial Day Holiday Weekend Air Travel Exceeds Pre-Pandemic Level

Published May 30, 2023

Supermarket USA

Consumer Confidence Drops on Pessimism Over Current Conditions

Published May 30, 2023

A for sale sign is posted in front of a home.

Home Price Declines Likely Over For Now, S&P Case-Shiller Says

Published May 30, 2023

House in the USA

Few Homebuyers Looking To Move Out Of Town, Even Fewer Interested in Local Moves

Published May 27, 2023

Customers shop at a Walmart store on May 18, 2023 in Chicago, Illinois. Walmart, the world's largest retailer, today reported first-quarter same-store sales growth that beat expectations and the company raised its full-year forecast

The Recession Keeps Getting Postponed. It May Never Come

Published May 27, 2023

People shop in a clothing store in Manhattan on February 15, 2023 in New York City. The Commerce Department reported Wednesday that retail sales, a barometer of how the economy is doing, rose 3% in January, beating the 1.9% Dow Jones estimate.

The Fed's Favorite Inflation Measure Surged in April, Raising Rate Hike Odds

Updated May 26, 2023

U.S. Speaker of the House Kevin McCarthy (R-CA) talks to reporters at the U.S. Capitol on May 17, 2023 in Washington, DC.

Here’s How A U.S. Credit Downgrade Could Affect Your Wallet

Published May 26, 2023

U.S. Speaker of the House Kevin McCarthy (R-CA) speaks to members of the media at the U.S. Capitol on May 24, 2023 in Washington, DC.

Term of the Week: AAA Credit Rating

Published May 27, 2023

U.S. Speaker of the House Kevin McCarthy (R-CA) talks to reporters at the U.S. Capitol.

Fitch Issues Credit Warning on US as Debt Ceiling Talks Drag On

Published May 25, 2023

Three female graduate students throwing mortar boards, low angle view

Most Student Loan Borrowers Might Be Unscathed By Higher Interest Rates

Published May 24, 2023

Federal Reserve Chairman Jerome Powell (L) and former Chairman Ben Bernanke depart after speaking at the Thomas Laubach Research Conference.

Bernanke: Slow Fed Response Helped Inflation Surge

Published May 23, 2023

U.S. President Joe Biden meets with House Speaker Kevin McCarthy (R-CA) in the Oval Office of the White House on May 22, 2023 in Washington, DC.

Default May Be the Least Likely Outcome of Debt Ceiling Talks

Taylor Tompkins

Published May 23, 2023

Customers walk through a shopping mall on March 15, 2023 in Chicago, Illinois.

Inflation Caused Record Number of Adults To Be Worse Off in 2022

Taylor Tompkins

Published May 23, 2023

Federal Reserve Board Chairman Jerome Powell delivers remarks at a news conference following a Federal Open Market Committee meeting on May 3, 2023 in Washington, DC. The Federal Reserve announced a 0.25 percentage point interest rate increase bringing the key federal funds rate to more than 5%, a 16-year high. Photo by Anna Moneymaker / Getty Images

Fed Officials Split On Whether To Raise Interest Rates Even Higher

Published May 19, 2023

Guests make their purchases during the grand opening of Nordstrom Rack at Best of the West shopping center on May 18, 2023 in Las Vegas, Nevada.

Cash Saved During Pandemic is Letting Shoppers Keep Spending

Published May 19, 2023

Ford assembly plant

Falling Economic Index Suggests Recession Ahead

Published May 18, 2023

U.S. President Joe Biden delivers a brief update of the ongoing negotiations over the debt limit in the Roosevelt Room at the White House on May 17, 2023 in Washington, DC. Biden said he would keep in contact with the principal negotiators while he is in Japan for the G7 summit.

Three Past Debt Limit Standoffs Ended Without a Default—This Time Could Be Different

Published May 18, 2023

A For Sale sign displayed in front of a home.

Mortgage Applications Declined Last Week

Published May 17, 2023

Drone View of a Home being Framed by Carpenters

April Housing Starts Rise As Low Home Inventory Boosts Outlook For New Construction

Published May 17, 2023

Homes being built.

Homebuilder Confidence Increased This Month

Published May 16, 2023

people in a store

Retail Sales Ticked Up in April, Even As Inflation Forced Cutbacks on Non-Essentials

Published May 16, 2023

home finances not tallying up for young family

Household Debt Rises to $17 Trillion As Delinquencies Increase

Published May 15, 2023

Federal Reserve

Atlanta Fed’s Bostic Says He Doesn't See Rate Cut This Year

Published May 15, 2023

Sister sitting on father's laps while brother crouching at porch - stock photo

Why So Few Houses For Sale? Pandemic-Refinancers Have 24 Billion Reasons to Stay Put

Published May 15, 2023

The Reyes family waits to receive baby formula in a Walmart Supercenter on July 08, 2022 in Houston, Texas. Consumer goods continue seeing shortages as the country grapples with ongoing supply chain issues stemming from the pandemic.

Food Prices are Finally Falling, With One Major Exception

Published May 14, 2023

Real Estate Agent sells a house

Down Payments for Home Purchases Fell in Q1 From A Year Earlier

Published May 12, 2023

Shoppers along 5th Avenue

Consumer Sentiment Plunges on Renewed Economic Worries

Published May 12, 2023

Approved Mortgage loan application with house key and rubber stamp

Mortgage Applications Jumped Last Week

Published May 10, 2023

Businessman working alone in office using digital tablet

Business Leaders See 1 in 3 Chance of ‘Full-Blown Financial Crisis’

Published May 12, 2023

Woman shopping at discount grocery store

A Money Mystery: What Happened To The Lowest Earners’ Pandemic-Era Cash Stash?

Published May 11, 2023

Warehouse workers transporting bulk goods

Producer Prices Rose Less than Expected in April

Updated May 11, 2023

Street in City of London with Royal Exchange, Bank of England and new modern skyscrapers.

Bank of England Raises Rates to Highest Level Since 2008

Published May 11, 2023

Construction of Office Building

Fed Report Highlights Risk of Bank Exposure to Commercial Real Estate

Published May 10, 2023

Lower Manhattan Skyline

The New York City Economic Tracker: April 24, 2023

Hiranmayi Srinivasan and Adrian Nesta

Published May 10, 2023

A First Republic Bank customer uses an ATM on May 01, 2023 in San Francisco, California. Federal Regulators seized troubled lender First Republic Bank on Monday and sold all of its deposits and most of its assets to JPMorgan Chase. First Republic becomes the second largest bank in U.S. history to fail since Washington Mutual failed in 2008.

Here’s How Deposit Insurance Keeps Bank Accounts Safe—Even If Its Funding Runs Dry

Published May 10, 2023

Side view of a woman doing payment via smart phone while standing at fuel station

Gas and Vehicle Prices Fueled Stubborn Inflation in April

Published May 10, 2023

San Francisco Skyine

Rising Rates, Tighter Lending, Remote Work Squeeze Commercial Real Estate

Published May 10, 2023

A real estate agent puts a sold sign sign in front yard of a home.

Homebuyers' Confidence Improved in April by the Most in 2 Years

Published May 09, 2023

Loan manager with laptop meeting with client in bank branch office

Borrowing Will Get Tougher Before it Gets Easier, Banks Say

Published May 08, 2023

A real estate agent puts a sold sign sign in front yard of a home.

Tight Inventory Caused Homes to Sell Quickly in April

Published May 06, 2023

Banker with laptop meeting with client in bank branch office.

Banks Held Back On Hiking Deposit Rates. But Now The Pressure Is On.

Published May 05, 2023

People waiting in line at a career fair

Unemployment Mostly Remains Steady in April

Taylor Tompkins

Published May 05, 2023

Federal Reserve Board Chairman Jerome Powell delivers remarks at a news conference following a Federal Open Market Committee meeting on May 3, 2023 in Washington, DC. The Federal Reserve announced a 0.25 percentage point interest rate increase bringing the key federal funds rate to more than 5%, a 16-year high.

When Jerome Powell Speaks, Markets Shudder

Published May 04, 2023

mortgage applications approved

Mortgage Applications Dropped Last Week Even as Interest Rates Fell

Published May 04, 2023

Man reading paperwork in kitchen

Home Equity Declined in First Quarter for Many Americans

Published May 04, 2023

The Federal Reserve building is shown May 2, 2023 in Washington, DC. The Federal Reserve begins two days of meetings today to determine its next steps in relation to interest rates in an ongoing battle against reigning in inflation.

Fed Squeezes Inflation and Economy Harder With a Tenth—Possibly Final—Rate Hike

Updated May 03, 2023

Houses and skyscrapers of the San Francisco financial district.

Here’s Where Prices For ‘Overvalued’ Homes Are Falling The Most

Published May 02, 2023

Worker exiting a trailer

Job Openings Kept Drying Up in March

Published May 02, 2023

Construction workers arranging rebar at construction site

Construction Spending Rose Slightly in March

Published May 01, 2023

worker on tablet controlling robot arm

AI, Green Energy Will Change Nearly A Quarter Of Global Jobs By 2027

Published May 01, 2023

Federal Reserve Chair Jerome Powell testifies before the Senate Banking Committee March 7, 2023 in Washington, DC. Powell spoke on the state of the U.S. economy and suggested that interest rates will need to stay higher for longer than expected in order to curb inflation

Fed Faces Pivotal Decision: When To Pause Interest Rate Hikes

Published May 01, 2023

A man walks past a First Republic bank in Manhattan on May 1, 2023 in New York City.

This Year's Bank Failures Eclipse 2008 Levels

Taylor Tompkins

Published May 01, 2023

United States Federal Reserve building, Washington DC

What If You Could Bank With the Federal Reserve?

Published May 01, 2023

An office sits empty.

Return To Office Plans: How about Never? Does Never Sound Good?

Published Apr 30, 2023

A man walks past a grocery store on February 01, 2023 in New York City. Wages for workers in most major U.S. cities grew at a slower pace in the final three months of 2022, with inflation still outstripping pay for many workers.

Inflation Makes Shoppers Cut Back On Everything But Necessities

Published Apr 28, 2023

A mother and daughter unload groceries in the kitchen.

Inflation Ticked Down in March

Taylor Tompkins

Published Apr 28, 2023

A real estate agent puts a sold sign sign in front yard of a home.

Limited Housing Supply Constrained Pending Home Sales in March

Published Apr 27, 2023

Male warehouse worker pulling a pallet truck at distribution warehouse.

Decelerating GDP Growth Adds to Signals of Growing Recession Risks

Published Apr 27, 2023

Home Sweet Home house in East Hampton

Hamptons Home Prices Surge Amid Inventory Shortage

Published Apr 27, 2023

Lower Manhattan Skyline

The New York City Economy Tracker: April 10, 2023

Mack Wilowski and Adrian Nesta

Published Apr 26, 2023

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