Economy

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IMF Forecasts Global Growth at 3.1% Amid Geopolitical Tensions

The International Monetary Fund (IMF) has released its latest World Economic Outlook , forecasting global growth of 3.1% for 2026, a slight dip from previous projections but showing resilience amid geopolitical tensions and energy price shocks. According to the IMF's report, economic expansion is ex

Oct 13, 9:36 AM ET Est. Read: 4 Mins

10 articles from 4 publishers

EconomyPolicy

Hall & Woodford Win Nobel for Economic Shock Research

Robert E. Hall of Stanford University and Michael Woodford of Columbia University were jointly awarded the 2026 Nobel Prize in Economic Sciences for their groundbreaking work on managing economic shocks, according to multiple reports. The Royal Swedish Academy of Sciences announced the winners in St

Oct 12, 6:51 AM ET Est. Read: 2 Mins

6 articles from 6 publishers

EconomyPolicy

IMF Chief Warns of Global Debt Risks

International Monetary Fund (IMF) Managing Director Kristalina Georgieva has called on governments to take decisive action to address soaring global debt levels, which have reached their highest point since World War II. Speaking in Singapore ahead of the IMF and World Bank annual meetings scheduled

Oct 7, 7:41 AM ET Est. Read: 1 Mins

3 articles from 3 publishers

More Economy Summaries

Markets

Fed Rate Hikes Spark Market Turmoil

Federal Reserve Chair Kevin Warsh announced on September 16 that the U.S. central bank was hiking its benchmark interest rate by 25 basis points. The Fed signaled further increases could be coming to combat inflation above the 2% target for over five years. President Trump renewed his criticism of t

Sep 26, 11:48 AM ET·2 min read

15 articles from 3 publishers

Housing

US Mortgage Rates Surpass 7% for First Time in Over a Year

The average 30-year fixed-rate mortgage in the US has surged above 7% , reaching 7.03% this week, according to federal lender Freddie Mac. This marks the first time since January 2025 that rates have surpassed this threshold. The increase comes on the heels of the Federal Reserve's decision last wee

Sep 24, 12:39 PM ET·2 min read

5 articles from 5 publishers

Markets

Netherlands Moves Gold Reserves to London

The Netherlands has transferred about 95 tons of its gold reserves from New York and Ottawa to London, according to multiple reports. The Dutch Central Bank (DNB) announced this move in response to increasing geopolitical risks. DNB stated that the relocation improves the tradability and liquidity o

Sep 3, 11:58 AM ET·1 min read

4 articles from 4 publishers

Debt

US National Debt Hits $40 Trillion Under Trump

The US national debt has reached a historic high of $40 trillion under President Donald Trump's administration, according to multiple reports. This figure is more than double what it was when Trump took office in 2016, despite his campaign promise at the time to eliminate the federal debt within eig

Sep 3, 8:13 AM ET·2 min read

3 articles from 3 publishers

Trade

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

Sep 1, 8:24 PM ET·2 min read

3 articles from 3 publishers

Markets

10-Year Treasury Yield Hits Highest Since January

The yield on the 10-year Treasury note , which influences mortgage rates, climbed to 4.81% , its highest level since January 2025, while the 30-year Treasury yield hovered around 5.25% . According to Reuters, a further climb toward 5% is likely to unsettle already jittery stock markets. The global b

Sep 1, 4:39 PM ET·4 min read

11 articles from 3 publishers

Policy

Fed Raises Rates to Combat Inflation

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·2 min read

20 articles from 7 publishers

Inflation

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·2 min read

6 articles from 4 publishers

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

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Economy

IMF Forecasts Global Growth at 3.1% Amid Geopolitical Tensions