Economy

96 summaries

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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 Est. Read: 5 Mins

16 articles from 3 publishers

EconomyInflation

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 Est. Read: 2 Mins

5 articles from 5 publishers

EconomyLabor

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 Est. Read: 1 Mins

4 articles from 3 publishers

More Economy Summaries

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

Policy

Warsh Faces Policy Tests as Fed Prepares for June Meeting

Federal Reserve Chairman Kevin Warsh prepares for his first meeting as chair on June 16-17 amidst growing concerns over inflation and economic uncertainty. According to the latest Beige Book report from the Fed, business outlooks for the next six months show little change in anticipated growth due t

Jun 3, 4:07 PM ET·2 min read

7 articles from 3 publishers

Trade

OECD Warns of Recession Risk From Prolonged Iran War

The Organization for Economic Cooperation and Development (OECD) has issued a stark warning that prolonged disruption from the Iran war could push global growth to historic lows, potentially triggering recessions in some countries. According to its latest report, if energy supplies from the Middle E

Jun 3, 2:03 PM ET·2 min read

4 articles from 4 publishers

Growth

Australia's Q1 GDP Growth Slows to 0.3%

Australia's economic growth slowed significantly in the first quarter of 2024, with gross domestic product (GDP) increasing by just 0.3% , down from a robust 0.9% in the final quarter of 2023, according to data released Wednesday by the Australian Bureau of Statistics. The slowdown came as higher in

Jun 2, 10:46 PM ET·2 min read

7 articles from 4 publishers

Inflation

PCE Inflation Hits 3-Year High Amid US-Iran Tensions

The personal consumption expenditures (PCE) price index rose at an annual rate of 3.8%, the highest level in nearly three years under new Federal Reserve chief Kevin Warsh, according to the Commerce Department's first inflation report of his tenure. Rising energy prices played a significant role in

May 28, 9:18 AM ET·2 min read

16 articles from 3 publishers

Inflation

Australia Inflation Drops to 4.2% on Fuel Tax Cut

Australia's annual consumer price index (CPI) slowed to 4.2% in April, down from 4.6% in March , according to data from the Australian Bureau of Statistics (ABS). This easing was primarily driven by a government tax cut on fuel, which led to a 7% drop in petrol prices . However, economists warn that

May 27, 3:34 AM ET·2 min read

3 articles from 3 publishers

Markets

US Treasury Yields Rise Amid Iran War Concerns

U.S. Treasury yields have surged above 4.5%, the highest since January 2025, as investors focus on the elusiveness of a peace deal in the Iran war and long-term economic consequences, according to multiple reports. The rise in yields has raised concerns about higher borrowing costs for businesses an

May 25, 6:22 AM ET·2 min read

3 articles from 3 publishers

Energy

Gas Prices Hit Four-Year High Ahead of Memorial Day

Gas prices in the United States have surged to their highest level since 2022, averaging $4.55 per gallon , as Americans prepare for Memorial Day weekend travel according to multiple reports. The price hike is more than 50% higher compared to late February before the conflict with Iran began, and

May 22, 2:47 PM ET·2 min read

3 articles from 3 publishers

Labor

Australia's Unemployment Rises to 4.5%, Rate Hike Odds Drop

Australia's unemployment rate rose to 4.5% in April, reaching its highest level since November 2021, according to data from the Australian Bureau of Statistics (ABS). This unexpected increase has led markets to reduce the likelihood of an interest rate hike by the Reserve Bank of Australia (RBA), as

May 21, 12:48 AM ET·2 min read

3 articles from 3 publishers

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Economy