Economic News

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

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

Published Sep 22, 2023

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

Published Sep 21, 2023

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

Published Sep 21, 2023

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

Published Sep 21, 2023

Lower Manhattan Skyline

New York City Economic Tracker: September 4, 2023

Mack Wilowski and Adrian Nesta

Published Sep 20, 2023

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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

Published Sep 20, 2023

Amazon employees working in a warehouse in Bridgewater, Massachusetts

Amazon Holiday Hiring May Counter Sluggish Seasonal Job Market

Published Sep 20, 2023

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

Published Sep 19, 2023

OECD headquarters

OECD Lowers 2024 Outlook on Inflation Impact, Weaker-Than-Expected Recovery in China

Published Sep 19, 2023

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

Published Sep 19, 2023

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’

Published Sep 18, 2023

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

Published Sep 18, 2023

Pump at a gas station

Oil Prices Just Hit a New 10-Month High. What This Could Mean For Your Wallet

Published Sep 18, 2023

close up shot of paystub

Most Americans Living Paycheck to Paycheck This Year, Survey Finds

Published Sep 18, 2023

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

Published Sep 16, 2023

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

Published Sep 15, 2023

A woman pumping gas

US Consumers Still Feeling Gloomy About the Economy

Published Sep 15, 2023

Guanqian Street shopping area in Suzhou, Jiangsu province, China,

China Data Is Encouraging But The Economy Isn’t Turning Around Just Yet

Kathleen Marshall

Published Sep 17, 2023

A car that's fallen into a lake, likely a total loss

Car Insurance Premiums Are Going Full Throttle

Published Sep 16, 2023

Two women carrying shopping bags in a retail area

Holiday Retail Sales Projected To Grow, Helped By Strong Job Market

Published Sep 18, 2023

European Central Bank

European Central Bank Hikes Interest Rates Again as Inflation Persists

Published Sep 14, 2023

Truck drivers refuel a tractor-trailer

Rising Energy Prices Made Wholesale Prices Jump in August

Published Sep 14, 2023

customer pumps gas at a gas station on September 13, 2023 in Petaluma, California. According to a report by the Labor Department, surging gas prices in August contributed to a rise in inflation as consumer spending rose to 3.7 from 3.2 percent in July.

Retail Sales, Mainly Gas, Jumped in August

Published Sep 14, 2023

hawn Fain, president of the United Auto Workers (UAW), center, marches with UAW members and supporters during a Labor Day parade in Detroit, Michigan, US, on Monday, Sept. 4, 2023. The UAW's 150,000 members are threatening a strike on General Motors, Ford Motor Co. and Stellantis NV, maker of the Jeep and Chrysler brands, if a deal with Detroit's big three legacy carmakers is not reached by a September 14 deadline.

How Would an Auto Worker Strike Impact the Economy? Here's What Experts Are Saying

Published Sep 13, 2023

Gas station signboards display prices in Bethesda, Maryland, on Aug. 6, 2023. The American Automobile Association's average price for a gallon of regular gasoline is $3.829, up from $3.331 on January 2, 2023.

Rising Gas Prices Surged in August, Bumping Annual Inflation to 3.7%

Published Sep 13, 2023

A young small business owner using her laptop computer to check a customer’s order details on her website

NFIB Small Business Optimism Index Falls for First Time in 4 Months

Kathleen Marshall

Published Sep 12, 2023

College students work in a group.

Has the Workforce Hit Peak College?

Published Sep 12, 2023

Mega South Florida Job Fair

Households' Financial Outlook Worsened in August

Published Sep 11, 2023

Streaming catalog on tablet

Inflation Hits Student Discount Programs as Streaming Companies Raise Prices

Published Sep 08, 2023

A couple holding hands while sitting down at a table and drinking red wine in a restaurant for lunch together,

Student Loan Borrowers Are Repaying Ahead of Schedule

Published Sep 08, 2023

Federal Reserve

Rates Are Fine Now, But Fed Officials Still Worry Over Inflation

Published Sep 08, 2023

Home for Sale

Many From Younger Generations Don’t Expect to Become Homeowners, Redfin Reports

Published Sep 07, 2023

Lower Manhattan Skyline

New York City Economy Tracker: August 21, 2023

Hiranmayi Srinivasan and Adrian Nesta

Published Sep 07, 2023

Female small business owner working in her leatherwork studio

Small and Mid-Sized Business Owners' Optimism Reaches 21-Year High

Kathleen Marshall

Published Sep 07, 2023

Hundred dollar bills held by a person.

Asian Currency Authorities Aim to Halt Declines Against Strengthening US Dollar

Published Sep 06, 2023

Susan M. Collins, president of the Federal Reserve of Boston, speaking on March 31, 2023, on Bloomberg Television

Interest Rates Need To Remain High as Inflation Persists, Fed’s Collins Says

Published Sep 06, 2023

An airplane landing

Goldman Economists Cut Recession Chances To 15%

Published Sep 05, 2023

Florence Pugh joins SAG-AFTRA picket line on August 15, 2023.

Labor Strikes Unlikely to Slow as ‘Hot Strike Summer' Comes to a Close

Published Sep 04, 2023

Passengers in queue at a U.S. airport in 2023

Overcrowding, Flight Delays, Staffing Shortages Marred Summer Air Travel

Published Sep 03, 2023

Engineer designing AI technology with screen reflection on eyeglasses

AI Will Cut Workload for Some Jobs, Forecast for Losses Varies

Published Sep 03, 2023

Beyonc?? Renaissance World Tour

Beyoncé, Taylor Swift, Barbenheimer To Add $8.5 Billion to US Economy in Q3

Hiranmayi Srinivasan

Published Sep 02, 2023

A man looking worriedly at a computer

Unemployment Rate Edges To Highest in More Than a Year

Published Sep 01, 2023

People checking in for flights at an airport

International Bookings Soar as Americans Boost Labor Day 2023 Travel Plans

Published Aug 31, 2023

Woman holding a cup of coffee and shopping bags

Spending Grew Faster Than Inflation—And Paychecks—In July

Published Aug 31, 2023

Woman staring with arms on a packing box in an office

Layoff Announcements Jumped in August as Companies Reduced Expenses

Published Aug 31, 2023

Photo taken on Oct. 19, 2022 shows a house for sale in Washington, D.C.

Investor Homebuying Has Dropped 45% In Deadlocked Housing Market

Published Aug 30, 2023

U.S. Federal Reserve Headquarters

What Would Happen If the Fed Incurred Losses?

Published Aug 30, 2023

Workers in a restaurant kitchen preparing food

Do You Still Have Leverage in the Job Market? Depends on Your Industry.

Published Aug 30, 2023

Concerned businessman looking at a laptop

For Businesses, Most Of the Pain of Fed’s Rate Hikes Lies Ahead

Published Aug 29, 2023

Exhausted businessman looking at laptop on desk while sitting with male coworker in office.

The Great Resignation Is Officially Over

Published Aug 29, 2023

Immigrants take the oath of allegiance to the United States during a naturalization ceremony held in front of the "Gateway to the Arctic" whale bone sculpture on August 10, 2023 in Utqiagvik, Alaska. Located along the Arctic Ocean, Utqiagvik is the northernmost settlement in the United States. Formerly known as Barrow, the town of nearly 5,000 people is mostly populated by indigenous I???±upiat, but also with a growing immigrant population. This year U.S. Citizenship and Immigration Services (USCIS), who held the ceremony, launched a nationwide effort to bring immigration services to remote locations to help legal immigrants, often green card holders, to become American citizens. In the case of Utqiagvik, petitioners would have normally needed to take the two-hour flight to Anchorage, often multiple times, for citizenship appointments. The USCIS effort puts into effect the Biden Administration's Executive Order 14012, Restoring Faith in Our Legal Immigration Systems and Strengthening Integration and Inclusion Efforts for New Americans. The order, issued on February 2, 2021, instructs U.S. government agencies to promote citizenship through naturalization, improve the naturalization process overall and reduce wait times for applicants. It also revoked a Trump-era memorandum designed to slow and ultimately restrict legal immigration.

Immigration Is Playing a Larger Role of Filling Gaps in the US Labor Force

Published Aug 28, 2023

Exterior of Miniso flagship store.

What a 'Hard Landing' in China Would Mean for the US Economy

Kathleen Marshall

Published Aug 28, 2023

Students at a high school sit in front of a computer and use an AI tool.

AI Revolution Likely Won't Take Jobs but Could Keep Interest Rates High

Updated Aug 26, 2023

A steaming, glowing mass of smoke stacks and distillation towers connected by conduit and pipe racks towers in the early morning light in front of the Port of Los Angeles.

US Companies Do Greenhouse Gas Damage Equal To 18.5% Of Profits, Study Shows

Published Aug 25, 2023

Jerome Powell, chairman of the US Federal Reserve, second right, arrives for dinner during the Jackson Hole economic symposium in Moran, Wyoming, on Thursday, Aug. 24, 2023.

The Fed is Keeping Its Options Open For More Rate Hikes, Powell Says

Published Aug 25, 2023

The Grand Tetons at sunrise at the Jackson Hole economic symposium in Moran, Wyoming. David Paul Morris / Bloomberg / Getty Images

Fed Officials Are Divided on Need For More Rate Hikes

Published Aug 24, 2023

South African President Cyril Ramaphosa (C) speaks during a press conference with fellow BRICS leaders President of Brazil Luiz Inacio Lula da Silva (L), President of China Xi Jinping (2nd, L), Prime Minister of India Narendra Modi (2nd, R), and Russia's Foreign Minister Sergei Lavrov (R), on the closing day of The BRICS summit at the Sandton Convention Center on August 24, 2023 in the Sandton district of Johannesburg, South Africa.

Saudi Arabia and Iran to Join BRICS Along With Four New Members

Fatima Attarwala

Published Aug 24, 2023

A man walks past five foreclosed homes in Chicago, July 21, 2010.

More Than 1 Million U.S. Homes Are Standing Vacant

Kathleen Marshall

Published Aug 24, 2023

A man making a video conference call on laptop in home office

Remote Work is Here to Stay, And Employers Aren’t Happy About It

Published Aug 23, 2023

Lower Manhattan Skyline

New York City Economic Tracker: August 7, 2023

Hiranmayi Srinivasan and Adrian Nesta

Published Aug 22, 2023

Sunset with dramatic light over Duisburg in the Ruhr area, one of Germany's centers of heavy industry

Here's Where Climate Change Could Cause Credit Downgrades

Published Aug 22, 2023

Photo taken on Oct. 19, 2022, shows a house for sale in Washington, D.C.

July Existing Home Sales Fall 2.2%

Mary Beth Slack

Published Aug 22, 2023

A customer at the self checkout of a Target store in the Queens borough of New York, US, on Tuesday, May 16, 2023.

More Analysts Believe Economy Will Have A 'Soft Landing'

Published Aug 21, 2023

Donna Howard holds up a sign reading I Got the Job at Suited for Change in Washington, DC, on September 13, 2022.

Average Expected Wages Hit Record High

Kathleen Marshall

Published Aug 21, 2023

A couple shopping for a car

The Public Credits the Fed For Stifling Inflation—Here’s Why That Matters

Published Aug 21, 2023

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