Economic News

The latest analysis and insights into current events and economic indicators such as central bank news, unemployment numbers, GDP, and more.

A man and a woman shopping, carrying multiple bags

‘Devil-May-Care’ Consumers Spent Freely In September, Report Shows

Published Oct 17, 2023

Patrick Harker, president and chief executive officer of the Federal Reserve Bank of Philadelphia, during a roundtable event in York, Pennsylvania, on Oct. 2, 2023

Fed Official: Central Bank Should 'Hold Rates Where They Are'

Published Oct 16, 2023

A customer shops for eggs in a Kroger grocery store on August 15, 2022 in Houston, Texas.

Consumer Sentiment Falls Further than Expected as Inflation Fears Worsen

Published Oct 13, 2023

SAG-AFTRA and WGA on the picket line in front of FOX Studios

SAG-AFTRA Negotiations Break Down, Theaters Show Concerts as Strike Continues

Published Oct 12, 2023

A woman gets gasoline for her car at a gas station

September Inflation Rose More Than Expected On Higher Housing, Energy Costs

Published Oct 12, 2023

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Workers fulfill orders at an Amazon fulfillment center on Prime Day in Melville, New York, US, on Tuesday, July 11, 2023.

Wholesale Prices Rose Higher than Expected in September

Published Oct 11, 2023

Mary Daly, president of the Federal Reserve Bank of San Francisco, during an Economic Club of New York event in New York, US, on Thursday, Oct. 5, 2023. Daly said policymakers can hold interest rates steady if the labor market and inflation continue to cool or financial conditions remain tight.

Fed's Key Interest Rate May Not Go Any Higher, Officials Say

Published Oct 10, 2023

A food shopper searches for vegetables at the Hannaford supermarket in South Burlington, Vermont.

Fed Survey Shows US Consumers Expect Higher Inflation in the Near and Medium Term

Published Oct 10, 2023

The International Monetary Fund seal on a building.

IMF Projects Likely Soft Landing for 'Stable and Slow' Global Economy

Published Oct 10, 2023

A help wanted sign posted in a storefront window

Inflation and Hiring Difficulties Send Small Business Owner Optimism Lower

Published Oct 10, 2023

Oil well

OPEC Raises Its Estimate for Future Oil Demand

Published Oct 09, 2023

United States Capitol

CEOs Say Political Uncertainty Poses Greatest Risk to Business Growth

Published Oct 07, 2023

Now hiring sign

Despite Strong Jobs Report, Many Analysts Don’t See Another Rate Hike In 2023

Published Oct 06, 2023

Commuters in the area of South Station on Sept. 18, 2023.

September Hiring Surge Shows The Job Market is Staying Hot Despite The Fed's Best Efforts

Updated Oct 06, 2023

Lower Manhattan Skyline

New York City Economic Tracker: September 18, 2023

Hiranmayi Srinivasan and Adrian Nesta

Published Oct 04, 2023

Bank teller at computer helping couple at bank branch counter

Slowing Services Sector Activity Hinders U.S. Economic Outlook

Published Oct 04, 2023

"Now Hiring" Sign

Private Employers Added 89,000 Jobs in September, the Fewest Since January 2021

Published Oct 04, 2023

People lineup as the doors open to the Mega Job Fair held at the FLA Live Arena on June 23, 2022 in Sunrise, Florida.

Job Openings Bounced Up in August

Published Oct 03, 2023

Federal Reserve Board Vice Chair for Supervision Michael S. Barr speaks during a hearing with the Senate Banking Committee on Capitol Hill on May 18, 2023 in Washington, DC.

More Forecasters See a Soft(er) Landing For Economy

Published Oct 02, 2023

Shanghai

World Bank Cuts East Asia-Pacific GDP Growth Outlook Amid Slow China Comeback

Published Oct 02, 2023

Gas prices are displayed at an Arco station on Sept. 19, 2023, in Burbank, California.

Rising Gas Prices Drive Up the Fed's Favorite Inflation Measure for Third Month

Published Sep 29, 2023

Food on a conveyor belt at the check-out counter of a Mercadona SA supermarket in Barcelona, Spain.

Eurozone Inflation Falls to Two-Year Low After ECB Hiked Rates to Record Level

Fatima Attarwala

Published Sep 29, 2023

US Treasury Secretary Janet Yellen talks during a luncheon meeting with women economists and entrepreneurs in Hanoi on July 20, 2023.

Economists Are Pretty Good At Predicting Recessions One Quarter Ahead

Published Sep 27, 2023

Minneapolis Federal Reserve Bank President Neel Kashkari visits "Maria Bartiromo's Wall Street" at Fox Business Network Studios on October 11, 2019 in New York City.

Fed Official, Forecasters See More Rate Hikes Ahead

Published Sep 27, 2023

A young man looking at a laptop

Consumers See Growing Risk of Recession As Confidence Falls

Published Sep 26, 2023

Michelle Bowman, member of the Board of Governors of the Federal Reserve System,arrives to attend the afternoon session on the last day of the 2023 European Central Bank Forum on Central Banking on June 28, 2023, in Sintra, Portugal.

Fed Officials Reiterate 'Higher For Longer' Mantra

Published Sep 22, 2023

The Marriner S. Eccles Federal Reserve building stands in Washington, D.C., U.S., on Friday, Nov. 17, 2017.

What a Bunch of Dots Say About The Future Of Your Finances

Published Sep 21, 2023

A view of the Bank of England, London, ahead of the announcement on interest rates. Picture date: Thursday September 21, 2023.

Following in Fed’s Footsteps, Bank of England Narrowly Votes To Pause Rate Hikes

Published Sep 21, 2023

For sale sign in front of a house.

Existing Home Sales Fall to 7-Month Low in August Amid High Rates and Prices, Low Supply

Published Sep 21, 2023

Lower Manhattan Skyline

New York City Economic Tracker: September 4, 2023

Mack Wilowski and Adrian Nesta

Published Sep 20, 2023

Jerome Powell, chairman of the US Federal Reserve, speaks during a news conference following a Federal Open Market Committee (FOMC) meeting in Washington, DC, US, on Wednesday, Sept. 20, 2023. The Federal Reserve left its benchmark interest rate unchanged while signaling borrowing costs will likely stay higher for longer after one more hike this year.

Interest Rates Will Stay Higher for Longer, Fed Officials Forecast

Published Sep 20, 2023

Amazon employees working in a warehouse in Bridgewater, Massachusetts

Amazon Holiday Hiring May Counter Sluggish Seasonal Job Market

Published Sep 20, 2023

A Hooverville was a shanty town built during the Great Depression by the homeless in the United States. They were named after Herbert Hoover, who was President of the United States during the onset of the Depression and was widely blamed for it. The term was coined by Charles Michelson, publicity chief of the Democratic National Committee. There were hundreds of Hoovervilles across the country during the 1930s.

The Fed’s Anti-Recession Playbook May Get Harder To Use, Economists Predict

Published Sep 19, 2023

OECD headquarters

OECD Lowers 2024 Outlook on Inflation Impact, Weaker-Than-Expected Recovery in China

Published Sep 19, 2023

The five-star Red flag, the national flag of the People's Republic of China, is fluttering under the blue sky.

U.S. Companies are Less Optimistic About Business Climate in China, Survey Shows

Published Sep 19, 2023

Travelers make their way through Orlando International Airport during the busy Labor Day holiday weekend in Orlando. According to the American Automobile Association, Orlando is a top five Labor Day travel destination. Orlando International Airport is expecting more than 900,000 passengers, a 14 percent increase over 2022.

Americans Took Record-Setting Vacations In Summer Of ‘Revenge Travel’

Published Sep 18, 2023

United Auto Workers (UAW) members on a picket line outside the Stellantis NV Toledo Assembly Complex in Toldeo, Ohio, US, on Monday, Sept. 18, 2023. The United Auto Workers began a strike Friday against all three of the legacy Detroit carmakers, an unprecedented move that could launch a costly and protracted showdown over wages and job security.

Worker Strikes Hit 23-Year High in August

Published Sep 18, 2023

Pump at a gas station

Oil Prices Just Hit a New 10-Month High. What This Could Mean For Your Wallet

Published Sep 18, 2023

close up shot of paystub

Most Americans Living Paycheck to Paycheck This Year, Survey Finds

Published Sep 18, 2023

Lionel Messi #10 of Inter Miami CF looks on during an Inter Miami CF Training Session at Florida Blue Training Center on September 15, 2023 in Fort Lauderdale, Florida.

Here are Four Ways Lionel Messi’s Move to MLS is Boosting the US Economy

Published Sep 16, 2023

U.S. Federal Reserve Chair Jerome Powell attends a press conference in Washington, D.C., the United States, on July 26, 2023. The U.S. Federal Reserve on Wednesday raised its benchmark interest rates by 25 basis points to the range of 5.25-5.5 percent, the highest level in over two decades, as it continues to ramp up its fight against inflation.

How High For How Long? Fed Meeting Will Give Clues On Interest Rates

Published Sep 15, 2023

A woman pumping gas

US Consumers Still Feeling Gloomy About the Economy

Published Sep 15, 2023

Guanqian Street shopping area in Suzhou, Jiangsu province, China,

China Data Is Encouraging But The Economy Isn’t Turning Around Just Yet

Kathleen Marshall

Published Sep 17, 2023

A car that's fallen into a lake, likely a total loss

Car Insurance Premiums Are Going Full Throttle

Published Sep 16, 2023

Two women carrying shopping bags in a retail area

Holiday Retail Sales Projected To Grow, Helped By Strong Job Market

Published Sep 18, 2023

European Central Bank

European Central Bank Hikes Interest Rates Again as Inflation Persists

Published Sep 14, 2023

Truck drivers refuel a tractor-trailer

Rising Energy Prices Made Wholesale Prices Jump in August

Published Sep 14, 2023

customer pumps gas at a gas station on September 13, 2023 in Petaluma, California. According to a report by the Labor Department, surging gas prices in August contributed to a rise in inflation as consumer spending rose to 3.7 from 3.2 percent in July.

Retail Sales, Mainly Gas, Jumped in August

Published Sep 14, 2023

hawn Fain, president of the United Auto Workers (UAW), center, marches with UAW members and supporters during a Labor Day parade in Detroit, Michigan, US, on Monday, Sept. 4, 2023. The UAW's 150,000 members are threatening a strike on General Motors, Ford Motor Co. and Stellantis NV, maker of the Jeep and Chrysler brands, if a deal with Detroit's big three legacy carmakers is not reached by a September 14 deadline.

How Would an Auto Worker Strike Impact the Economy? Here's What Experts Are Saying

Published Sep 13, 2023

Gas station signboards display prices in Bethesda, Maryland, on Aug. 6, 2023. The American Automobile Association's average price for a gallon of regular gasoline is $3.829, up from $3.331 on January 2, 2023.

Rising Gas Prices Surged in August, Bumping Annual Inflation to 3.7%

Published Sep 13, 2023

A young small business owner using her laptop computer to check a customer’s order details on her website

NFIB Small Business Optimism Index Falls for First Time in 4 Months

Kathleen Marshall

Published Sep 12, 2023

College students work in a group.

Has the Workforce Hit Peak College?

Published Sep 12, 2023

Mega South Florida Job Fair

Households' Financial Outlook Worsened in August

Published Sep 11, 2023

Streaming catalog on tablet

Inflation Hits Student Discount Programs as Streaming Companies Raise Prices

Published Sep 08, 2023

A couple holding hands while sitting down at a table and drinking red wine in a restaurant for lunch together,

Student Loan Borrowers Are Repaying Ahead of Schedule

Published Sep 08, 2023

Federal Reserve

Rates Are Fine Now, But Fed Officials Still Worry Over Inflation

Published Sep 08, 2023

Home for Sale

Many From Younger Generations Don’t Expect to Become Homeowners, Redfin Reports

Published Sep 07, 2023

Lower Manhattan Skyline

New York City Economy Tracker: August 21, 2023

Hiranmayi Srinivasan and Adrian Nesta

Published Sep 07, 2023

Female small business owner working in her leatherwork studio

Small and Mid-Sized Business Owners' Optimism Reaches 21-Year High

Kathleen Marshall

Published Sep 07, 2023

Hundred dollar bills held by a person.

Asian Currency Authorities Aim to Halt Declines Against Strengthening US Dollar

Published Sep 06, 2023

Susan M. Collins, president of the Federal Reserve of Boston, speaking on March 31, 2023, on Bloomberg Television

Interest Rates Need To Remain High as Inflation Persists, Fed’s Collins Says

Published Sep 06, 2023

An airplane landing

Goldman Economists Cut Recession Chances To 15%

Published Sep 05, 2023

Florence Pugh joins SAG-AFTRA picket line on August 15, 2023.

Labor Strikes Unlikely to Slow as ‘Hot Strike Summer' Comes to a Close

Published Sep 04, 2023

Passengers in queue at a U.S. airport in 2023

Overcrowding, Flight Delays, Staffing Shortages Marred Summer Air Travel

Published Sep 03, 2023

Engineer designing AI technology with screen reflection on eyeglasses

AI Will Cut Workload for Some Jobs, Forecast for Losses Varies

Published Sep 03, 2023

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