Economy

104 summaries

All (104)Markets (25)Policy (17)Inflation (14)Labor (10)Growth (7)Trade (6)

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 Est. Read: 4 Mins

24 articles from 8 publishers

EconomyMarkets

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 Est. Read: 2 Mins

36 articles from 12 publishers

EconomyMarkets

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 Est. Read: 2 Mins

6 articles from 3 publishers

More Economy Summaries

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

Currency

Yen Hits 40-Year Low as Japan Faces Economic Challenges

The Japanese yen reached its lowest level in nearly four decades on Tuesday, falling beyond 162 per U.S. dollar , according to multiple reports. The currency weakened to as low as 162.83 per dollar in Tokyo, raising speculation about potential government intervention and increasing market concerns.

Jun 30, 8:39 PM ET·5 min read

16 articles from 3 publishers

Inflation

Fed Inflation Gauge Hits 3-Year High

The Federal Reserve’s preferred inflation gauge rose to a new three-year high of 4.1% annually in May, driven by higher gas prices and increased costs for computer equipment due to the AI buildout. According to the Commerce Department's report on Thursday, this marks the largest annual increase sinc

Jun 25, 11:03 AM ET·2 min read

5 articles from 5 publishers

Labor

Australia Jobless Rate Drops to 4.4% in May

Australia's unemployment rate fell to 4.4% in May as employment increased by 40,300 jobs , exceeding market forecasts that anticipated around 25,000 new jobs . The jobless rate had risen to a four-and-a-half-year high of 4.6% the previous month. The Australian Bureau of Statistics reported that hous

Jun 25, 12:02 AM ET·1 min read

4 articles from 3 publishers

PolicyMIXED REPORTS

Alan Greenspan Dies at Age 100

Alan Greenspan, the former chairman of the Federal Reserve who served from August 1987 to January 2006 under four U.S. presidents, died at age 100 due to complications from Parkinson's disease. According to a statement shared with NBC News by his wife Andrea Mitchell, Greenspan passed away on June 2

Jun 22, 9:25 AM ET·3 min read

21 articles from 13 publishers

Markets

Global Central Banks Adjust Rates Amid Inflation Risks

Central banks worldwide are navigating complex economic conditions as they adjust interest rates to manage inflation risks and global financial stability. The Federal Reserve kept U.S. interest rates frozen at 3.5%-3.75%, marking its fourth pause this year, according to CBS News . Traders are pri

Jun 21, 4:03 AM ET·3 min read

20 articles from 3 publishers

Energy

U.S. Gas Prices Drop Below $4/Gallon After Iran Deal

U.S. gasoline prices fell below $4 per gallon for the first time since mid-April, reaching a national average of $3.997 , according to GasBuddy data reported by HuffPost. The price decline follows a preliminary agreement between the U.S. and Iran to end their conflict and reopen the Strait of Hormuz

Jun 18, 4:25 PM ET·1 min read

7 articles from 7 publishers

Policy

Fed Holds Rates Steady; Warsh Signals Hawkish Stance

The Federal Open Market Committee (FOMC) voted unanimously on June 17, 2026, to keep its benchmark overnight borrowing rate within a range of 3.5% to 3.75%. This decision marked Chairman Kevin Warsh's first policy meeting as chair, with markets closely watching for signals on interest rates and the

Jun 16, 4:45 PM ET·4 min read

40 articles from 9 publishers

MonetaryPolicy

BoJ Raises Rates to Highest Level Since 1995

The Bank of Japan (BoJ) raised its short-term policy rate by a quarter percentage point to 1%, the highest level in 31 years, amid inflation pressures from rising oil costs and geopolitical uncertainties. The decision was made despite recent falls in oil prices and a decline in annual core inflation

Jun 16, 5:06 AM ET·2 min read

14 articles from 4 publishers

Markets

RBA Holds Cash Rate at 4.35%, Warns of Future Hikes

The Reserve Bank of Australia (RBA) decided to keep its official cash rate at 4.35% during its June meeting, a move widely expected by economists and financial markets. According to Reuters , the RBA indicated that while economic activity is slowing, inflation remains too high and further rate hikes

Jun 16, 1:33 AM ET·2 min read

6 articles from 4 publishers

GlobalGrowth

World Bank Cuts Global Growth Forecast to 2.5% Amid Iran War

The World Bank has lowered its global growth forecast for 2026 from 2.9% to 2.5% , citing the ongoing war in the Middle East as a major factor, according to reports from Reuters, The Guardian, and Al Jazeera. The bank's revised outlook warns that if energy supply disruptions worsen and financial mar

Jun 11, 5:08 PM ET·3 min read

4 articles from 4 publishers

Markets

ECB Raises Rates to Curb War-Driven Inflation

The European Central Bank (ECB) raised its main deposit rate to 2.25% on June 10th, marking its first interest rate hike since 2023. This move was widely anticipated as a response to rising inflation fueled by energy price surges triggered by the Iran war. The ECB's decision comes amid complex geopo

Jun 11, 8:56 AM ET·3 min read

15 articles from 3 publishers

Inflation

US Inflation Hits 3-Year High at 4.2% in May

U.S. consumer prices surged at an annual rate of 4.2% in May, the highest inflation rate since April 2023, driven primarily by rising energy costs due to the Iran war. This increase marks the third consecutive month of rising inflation and is well above the Federal Reserve’s 2% target. The Consumer

Jun 9, 3:57 PM ET·3 min read

24 articles from 9 publishers

Housing

High Mortgage Rates Persist at 6.48%

The U.S. housing market continues to grapple with high mortgage rates, which have remained above 6% and are currently averaging 6.48% , according to data released on June 4, 2026, by Freddie Mac. This marks a significant increase from February 2026 when rates had dropped as low as 6%. The persistent

Jun 6, 5:14 PM ET·3 min read

4 articles from 4 publishers

Labor

U.S. Adds 172K Jobs in May; Unemployment Holds at 4.3%

The U.S. economy demonstrated resilience in May with the addition of 172,000 nonfarm payrolls, marking three consecutive months of steady job growth and maintaining an unemployment rate of 4.3%. This figure surpassed expectations and revised estimates for March and April by a total of 93,000 jobs.

Jun 5, 10:46 AM ET·2 min read

15 articles from 6 publishers

Markets

RBI Announces Measures to Stabilize Rupee

The Reserve Bank of India (RBI) has announced a series of measures aimed at stabilizing the rupee, which has weakened over 5% since January due to rising oil prices and significant equity outflows. The central bank plans to exempt foreign investors from capital gains tax on government bonds starting

Jun 5, 6:05 AM ET·3 min read

20 articles from 3 publishers

Policy

Social Security Cuts Loom in 2032: $500 Monthly Reduction Projected

Millions of Americans who rely on Social Security could see their monthly benefit checks reduced by an average of $500 if the program's retirement trust fund becomes insolvent by the end of 2032, according to a new analysis from the Committee for a Responsible Federal Budget (CRFB). This reduction w

Jun 4, 9:10 PM ET·2 min read

3 articles from 3 publishers

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Economy

US and Japan Conduct Rare Joint Intervention

Fed Holds Rates Steady Amid Inflation Concerns