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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Job Fair
Hiring Increased in May, So Did Unemployment. What's Up With That?
Hiring sign
Employers Added Surprisingly High 339,000 Jobs in May
home under construction
Construction Spending Increased in April For Second Straight Month
A man reviewing bills
Student Loan Resumption Could Stifle Up To $5 Billion of Consumer Spending A Month
Family moving house, unloading truck
Lenders Made Fewest Home Loans Since 2000 As High Rates Stifle Mortgage Business
Business people shaking hands in the office.
Resilient Labor Market Bounced Back in April As Job Openings Increased
Lower Manhattan Skyline
The New York City Economic Tracker: May 8, 2023
Airport in the USA
Memorial Day Holiday Weekend Air Travel Exceeds Pre-Pandemic Level
Supermarket USA
Consumer Confidence Drops on Pessimism Over Current Conditions
A for sale sign is posted in front of a home.
Home Price Declines Likely Over For Now, S&P Case-Shiller Says
House in the USA
Few Homebuyers Looking To Move Out Of Town, Even Fewer Interested in Local Moves
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
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
 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
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
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
Three female graduate students throwing mortar boards, low angle view
Most Student Loan Borrowers Might Be Unscathed By Higher Interest Rates
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
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
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
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
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
Ford assembly plant
Falling Economic Index Suggests Recession Ahead
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
A For Sale sign displayed in front of a home.
Mortgage Applications Declined Last Week
Drone View of a Home being Framed by Carpenters
April Housing Starts Rise As Low Home Inventory Boosts Outlook For New Construction
Homes being built.
Homebuilder Confidence Increased This Month
people in a store
Retail Sales Ticked Up in April, Even As Inflation Forced Cutbacks on Non-Essentials
home finances not tallying up for young family
Household Debt Rises to $17 Trillion As Delinquencies Increase
Federal Reserve
Atlanta Fed’s Bostic Says He Doesn't See Rate Cut This Year
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
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
Real Estate Agent sells a house
Down Payments for Home Purchases Fell in Q1 From A Year Earlier
Shoppers along 5th Avenue
Consumer Sentiment Plunges on Renewed Economic Worries
Approved Mortgage loan application with house key and rubber stamp
Mortgage Applications Jumped Last Week
Businessman working alone in office using digital tablet
Business Leaders See 1 in 3 Chance of ‘Full-Blown Financial Crisis’
Woman shopping at discount grocery store
A Money Mystery: What Happened To The Lowest Earners’ Pandemic-Era Cash Stash?
Warehouse workers transporting bulk goods
Producer Prices Rose Less than Expected in April
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
Construction of Office Building
Fed Report Highlights Risk of Bank Exposure to Commercial Real Estate
Lower Manhattan Skyline
The New York City Economic Tracker: April 24, 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
Side view of a woman doing payment via smart phone while standing at fuel station
Gas and Vehicle Prices Fueled Stubborn Inflation in April
San Francisco Skyine
Rising Rates, Tighter Lending, Remote Work Squeeze Commercial Real Estate
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
Loan manager with laptop meeting with client in bank branch office
Borrowing Will Get Tougher Before it Gets Easier, Banks Say
A real estate agent puts a sold sign sign in front yard of a home.
Tight Inventory Caused Homes to Sell Quickly in April
Banker with laptop meeting with client in bank branch office.
Banks Held Back On Hiking Deposit Rates. But Now The Pressure Is On.
People waiting in line at a career fair
Unemployment Mostly Remains Steady in April
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
mortgage applications approved
Mortgage Applications Dropped Last Week Even as Interest Rates Fell
Man reading paperwork in kitchen
Home Equity Declined in First Quarter for Many Americans
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
Houses and skyscrapers of the San Francisco financial district.
Here’s Where Prices For ‘Overvalued’ Homes Are Falling The Most
Worker exiting a trailer
Job Openings Kept Drying Up in March
Construction workers arranging rebar at construction site
Construction Spending Rose Slightly in March
worker on tablet controlling robot arm
AI, Green Energy Will Change Nearly A Quarter Of Global Jobs By 2027
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
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
United States Federal Reserve building, Washington DC
What If You Could Bank With the Federal Reserve?