Economy

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US Pushes G20 to Address Trade Imbalances

The U.S. is urging G20 nations to address global trade imbalances by focusing on China's export practices during their two-day meeting in Asheville, North Carolina. The push comes amid growing concerns over inflation and debt levels. U.S. Treasury Secretary Scott Bessent is advocating for higher tra

Today 8:24 PM ET Est. Read: 2 Mins

3 articles from 3 publishers

EconomyPolicy

Warsh Signals Rate Hikes Amid Inflation Concerns

Federal Reserve Chairman Kevin Warsh delivered his debut speech at the Jackson Hole symposium, signaling that higher interest rates may be necessary to combat persistent inflation. His remarks have heightened market expectations for a rate hike when the Federal Open Market Committee (FOMC) meets in

Aug 26, 10:09 AM ET Est. Read: 2 Mins

10 articles from 5 publishers

EconomyInflation

US Inflation Holds at 3.7% in July

The US Personal Consumption Expenditures (PCE) Price Index, the Federal Reserve's preferred inflation measure, remained steady at a 3.7% annual pace in July , slightly higher than economists' expectations of 3.6%. The month-over-month PCE figure also came in higher than expected at 0.2% . Core PCE,

Aug 26, 10:09 AM ET Est. Read: 2 Mins

6 articles from 4 publishers

More Economy Summaries

Markets

Global Markets React to Inflation Fears

The global financial landscape experienced significant shifts on Wednesday as markets reacted to rising inflation fears and geopolitical developments. Japan's benchmark bond yield reached a historic high of 3% for the first time since September 1996, driven by investor concerns about inflation and f

Aug 26, 3:25 AM ET·2 min read

21 articles from 4 publishers

EconomicIndicators

Consumer Confidence Drops to Seven-Month Low

U.S. consumer confidence declined to its lowest level in seven months, dropping to 89.4 in August from 90.2 in July, according to The Conference Board . The ongoing conflict in Iran has kept gasoline prices above $ 4 per gallon , contributing to economic frustration among Americans. While respondent

Aug 25, 3:31 PM ET·2 min read

7 articles from 5 publishers

Markets

Trump Waives Tariffs on Imported Beef to Lower Prices

President Donald Trump announced Friday that he will waive tariffs on up to 300,000 metric tons of imported ground beef for three months to lower prices for American consumers. The move comes as beef prices have risen sharply due to drought, high feed costs, and herd liquidation. The latest Consumer

Aug 21, 5:23 PM ET·2 min read

4 articles from 4 publishers

Labor

U.S. Unemployment Claims Drop to 206K

U.S. unemployment claims dropped to 206,000 last week, according to data released by the Labor Department on Thursday. This decline indicates that layoffs remain low and most Americans enjoy job security. The four-week average of claims, which smooths out weekly fluctuations, ticked up slightly to 2

Aug 20, 2:53 PM ET·1 min read

3 articles from 3 publishers

Markets

Bessent Expands Bond Buybacks to Curb Yields Amid Debt Crisis

Treasury Secretary Scott Bessent announced plans to expand bond buybacks beyond the previously stated $4 billion per issue, aiming to stabilize surging long-term yields and support market liquidity. The announcement comes amid rising concerns over economic pressures from the Iran conflict and growin

Aug 20, 12:56 PM ET·2 min read

25 articles from 7 publishers

Debt

US National Debt Hits Record $40 Trillion

The U.S. national debt surpassed $40 trillion for the first time on Wednesday, reaching a historic high of $40.047 trillion , according to Treasury Department data shared with multiple outlets. This milestone reflects years of increased government spending under both Donald Trump and Joe Biden admin

Aug 19, 5:28 PM ET·2 min read

10 articles from 8 publishers

Markets

U.S. Treasury Yields Surge to Highest Since 2007

U.S. Treasury yields have surged to their highest levels since 2007, driven by geopolitical tensions, rising oil prices, and growing fiscal deficits. The benchmark 10-year Treasury note rose to around 4.74%, while the 30-year bond hit approximately 5.33%. This surge in borrowing costs is influenced

Aug 18, 4:17 PM ET·4 min read

44 articles from 7 publishers

Trade

China's Economy Slows Further in July

China's economy showed signs of further slowing in July as industrial output and retail sales missed forecasts, adding pressure on Beijing to implement supportive measures. Industrial production grew 4.5% year-over-year, down from June's 5.3%, while retail sales increased by just 0.6%. The data rele

Aug 17, 12:25 PM ET·2 min read

5 articles from 3 publishers

Inflation

US Producer Prices Flat in July

U.S. producer prices remained unchanged in July as goods prices declined by 0.7%, though a rise in service costs suggested inflation could remain elevated. The flat reading in the Producer Price Index (PPI) for final demand last month followed a revised 0.1% drop in June, according to data from the

Aug 13, 11:15 AM ET·2 min read

7 articles from 4 publishers

Energy

IEA Warns of Sharp Drop in Global Oil Stocks

The International Energy Agency (IEA) warned Wednesday that global oil stocks have sharply declined due to renewed disruptions in the Strait of Hormuz. According to the IEA's August Oil Market Report, inventories fell by 69 million barrels in July to just under 7.9 billion barrels. The closure has s

Aug 12, 10:17 AM ET·2 min read

14 articles from 4 publishers

Employment

U.S. Employers Cut 23K Jobs in July

U.S. employers unexpectedly cut 23,000 jobs in July, marking a sharp reversal for the American labor market according to multiple reports. The unemployment rate dipped to 4.1%, but this was largely due to Americans leaving the job market rather than new hiring. The Labor Department's revisions sha

Aug 7, 1:57 PM ET·2 min read

3 articles from 3 publishers

Employment

U.S. Economy Loses 23K Jobs in July, Missing Forecasts

The U.S. economy unexpectedly shed 23,000 jobs in July, missing economists' forecasts and signaling a slowing job market. According to multiple reports, the unemployment rate fell slightly to 4.1% , down from 4.2% in June. This decline is largely attributed to slower labor force growth rather than e

Aug 7, 11:48 AM ET·2 min read

5 articles from 3 publishers

Policy

Fed Rate Hike Less Likely After July Jobs Data

The Federal Reserve's potential interest rate hike in September has become less likely following weaker-than-expected July jobs data. The U.S. economy unexpectedly shed 23,000 jobs last month, leading investors to believe that the central bank will maintain steady rates at its meeting next month. Th

Aug 7, 10:07 AM ET·2 min read

17 articles from 4 publishers

Currency

US and Japan Conduct Rare Joint Intervention

The United States and Japan conducted their first coordinated intervention to support the weakening Japanese yen since 1998. This joint action caused the yen to surge over 3% against the dollar across two trading sessions last week. Japan's Finance Ministry confirmed the intervention on Friday, sign

Aug 2, 9:36 PM ET·4 min read

24 articles from 8 publishers

Markets

Fed Holds Rates Steady Amid Inflation Concerns

The Federal Reserve decided to hold interest rates steady during its latest meeting, amid ongoing inflation concerns and geopolitical tensions. According to multiple reports, markets had priced in a 33-36% chance of a rate hike earlier but shifted expectations following recent developments. Accordin

Jul 27, 8:57 PM ET·2 min read

36 articles from 12 publishers

Markets

Fed Faces Volatile Markets as Warsh Resists Forward Guidance

Federal Reserve Chairman Kevin Warsh is navigating a volatile market landscape as he adheres to a policy of minimal forward guidance. According to multiple reports, Treasury yields have surged to their highest levels since the financial crisis, with two-year yields at 4.37%, ten-year yields at 4.71%

Jul 24, 8:33 AM ET·2 min read

6 articles from 3 publishers

Trade

U.S. Imposes 25% Tariffs on Most Brazilian Imports

The United States will impose a 25% tariff on most imports from Brazil starting July 22, based on investigations into unfair trade practices under Section 301 of the U.S. Trade Act. The move follows extensive negotiations that failed to resolve issues related to digital trade and illegal deforestati

Jul 16, 6:20 AM ET·2 min read

10 articles from 8 publishers

Policy

Fed Chair Warsh Focuses on Inflation Amid Divergent Views

Federal Reserve Chairman Kevin Warsh reiterated his determination to combat inflation during congressional hearings this week, though he did not specify how he plans to achieve this goal. His colleagues have publicly shared differing views on the economic outlook and interest rates, highlighting a d

Jul 14, 12:31 PM ET·2 min read

8 articles from 3 publishers

Inflation

U.S. Inflation Slows in June Amid Gasoline Price Drop

U.S. consumer inflation slowed more than expected in June, easing market anxieties about potential Federal Reserve rate hikes. The Consumer Price Index (CPI) increased by 3.5% year-on-year , down from a surge of 4.2% in May, according to data from the Labor Department's Bureau of Labor Statistics. T

Jul 14, 10:32 AM ET·3 min read

8 articles from 4 publishers

Global

IMF Downgrades Global Growth Forecast to 3% for 2026

The International Monetary Fund (IMF) has modestly downgraded its outlook for the world economy this year, citing the energy shock caused by tensions in the Persian Gulf. According to multiple reports, the IMF now expects global economic growth to expand by a sluggish 3% in 2026, down from 3.5% last

Jul 8, 5:07 PM ET·2 min read

5 articles from 5 publishers

Labor

U.S. Job Growth Slows Sharply in June

The U.S. economy added only 57,000 jobs in June , falling significantly short of economists' expectations which ranged from 110,000 to 115,000 . The unemployment rate decreased slightly to 4.2% from the previous month's 4.3% . This slowdown in job growth was accompanied by a drop in labor force part

Jul 2, 4:38 PM ET·2 min read

9 articles from 6 publishers

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Economy

US Pushes G20 to Address Trade Imbalances