Economic News

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

People checking in for flights at an airport

International Bookings Soar as Americans Boost Labor Day 2023 Travel Plans

Published Aug 31, 2023

Woman holding a cup of coffee and shopping bags

Spending Grew Faster Than Inflation—And Paychecks—In July

Published Aug 31, 2023

Woman staring with arms on a packing box in an office

Layoff Announcements Jumped in August as Companies Reduced Expenses

Published Aug 31, 2023

Photo taken on Oct. 19, 2022 shows a house for sale in Washington, D.C.

Investor Homebuying Has Dropped 45% In Deadlocked Housing Market

Published Aug 30, 2023

U.S. Federal Reserve Headquarters

What Would Happen If the Fed Incurred Losses?

Published Aug 30, 2023

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Workers in a restaurant kitchen preparing food

Do You Still Have Leverage in the Job Market? Depends on Your Industry.

Published Aug 30, 2023

Concerned businessman looking at a laptop

For Businesses, Most Of the Pain of Fed’s Rate Hikes Lies Ahead

Published Aug 29, 2023

Exhausted businessman looking at laptop on desk while sitting with male coworker in office.

The Great Resignation Is Officially Over

Published Aug 29, 2023

Immigrants take the oath of allegiance to the United States during a naturalization ceremony held in front of the "Gateway to the Arctic" whale bone sculpture on August 10, 2023 in Utqiagvik, Alaska. Located along the Arctic Ocean, Utqiagvik is the northernmost settlement in the United States. Formerly known as Barrow, the town of nearly 5,000 people is mostly populated by indigenous IÃÂ±upiat, but also with a growing immigrant population. This year U.S. Citizenship and Immigration Services (USCIS), who held the ceremony, launched a nationwide effort to bring immigration services to remote locations to help legal immigrants, often green card holders, to become American citizens. In the case of Utqiagvik, petitioners would have normally needed to take the two-hour flight to Anchorage, often multiple times, for citizenship appointments. The USCIS effort puts into effect the Biden Administration's Executive Order 14012, Restoring Faith in Our Legal Immigration Systems and Strengthening Integration and Inclusion Efforts for New Americans. The order, issued on February 2, 2021, instructs U.S. government agencies to promote citizenship through naturalization, improve the naturalization process overall and reduce wait times for applicants. It also revoked a Trump-era memorandum designed to slow and ultimately restrict legal immigration.

Immigration Is Playing a Larger Role of Filling Gaps in the US Labor Force

Published Aug 28, 2023

Exterior of Miniso flagship store.

What a 'Hard Landing' in China Would Mean for the US Economy

Kathleen Marshall

Published Aug 28, 2023

Students at a high school sit in front of a computer and use an AI tool.

AI Revolution Likely Won't Take Jobs but Could Keep Interest Rates High

Updated Aug 26, 2023

A steaming, glowing mass of smoke stacks and distillation towers connected by conduit and pipe racks towers in the early morning light in front of the Port of Los Angeles.

US Companies Do Greenhouse Gas Damage Equal To 18.5% Of Profits, Study Shows

Published Aug 25, 2023

Jerome Powell, chairman of the US Federal Reserve, second right, arrives for dinner during the Jackson Hole economic symposium in Moran, Wyoming, on Thursday, Aug. 24, 2023.

The Fed is Keeping Its Options Open For More Rate Hikes, Powell Says

Published Aug 25, 2023

The Grand Tetons at sunrise at the Jackson Hole economic symposium in Moran, Wyoming. David Paul Morris / Bloomberg / Getty Images

Fed Officials Are Divided on Need For More Rate Hikes

Published Aug 24, 2023

South African President Cyril Ramaphosa (C) speaks during a press conference with fellow BRICS leaders President of Brazil Luiz Inacio Lula da Silva (L), President of China Xi Jinping (2nd, L), Prime Minister of India Narendra Modi (2nd, R), and Russia's Foreign Minister Sergei Lavrov (R), on the closing day of The BRICS summit at the Sandton Convention Center on August 24, 2023 in the Sandton district of Johannesburg, South Africa.

Saudi Arabia and Iran to Join BRICS Along With Four New Members

Fatima Attarwala

Published Aug 24, 2023

A man walks past five foreclosed homes in Chicago, July 21, 2010.

More Than 1 Million U.S. Homes Are Standing Vacant

Kathleen Marshall

Published Aug 24, 2023

A man making a video conference call on laptop in home office

Remote Work is Here to Stay, And Employers Aren’t Happy About It

Published Aug 23, 2023

Lower Manhattan Skyline

New York City Economic Tracker: August 7, 2023

Hiranmayi Srinivasan and Adrian Nesta

Published Aug 22, 2023

Sunset with dramatic light over Duisburg in the Ruhr area, one of Germany's centers of heavy industry

Here's Where Climate Change Could Cause Credit Downgrades

Published Aug 22, 2023

Photo taken on Oct. 19, 2022, shows a house for sale in Washington, D.C.

July Existing Home Sales Fall 2.2%

Mary Beth Slack

Published Aug 22, 2023

A customer at the self checkout of a Target store in the Queens borough of New York, US, on Tuesday, May 16, 2023.

More Analysts Believe Economy Will Have A 'Soft Landing'

Published Aug 21, 2023

Donna Howard holds up a sign reading I Got the Job at Suited for Change in Washington, DC, on September 13, 2022.

Average Expected Wages Hit Record High

Kathleen Marshall

Published Aug 21, 2023

A couple shopping for a car

The Public Credits the Fed For Stifling Inflation—Here’s Why That Matters

Published Aug 21, 2023

A woman uses a tablet to order supplies for her business in a workshop.

Companies Tapping Brakes On Capital Expenditures Due To Federal Reserve Rate Hikes

Mary Beth Slack

Published Aug 19, 2023

Freddie Mac building

Mortgage Rates Rise to Near a 21-Year High, Says Freddie Mac

Kathleen Marshall

Published Aug 17, 2023

The Federal Reserve building in Washington

Federal Reserve Officials Are Worried You're Getting Paid Too Much

Published Aug 16, 2023

An aerial view shows a home under construction at a housing development on June 21, 2023 in Lemont, Illinois.

Housing Starts Rose in July as Building Permits Show Decline May Be Looming

Kathleen Marshall

Published Aug 16, 2023

A dealer puts up a "For Lease" sign in a used car for sale at a dealership in Richmond, California, US, on Tuesday, Feb. 21, 2023.

Credit Card Debt, Auto Loan Delinquencies Pose Problems for Consumer Lending

Published Aug 15, 2023

Peter Cade / Getty Images

Shoppers Are Turbocharging The Economy, GDP Model Shows

Published Aug 15, 2023

Federal Reserve building

High Interest Rates Could Be Here For a While, Fed Official Says

Published Aug 15, 2023

A worker pushes an hydraulic hand pallet through a warehouse.

Business Inventories Edge Lower in June as Demand Slows

Mary Beth Slack

Published Aug 15, 2023

eople walk by the New York Stock Exchange (NYSE) on August 02, 2023 in New York City.

UBS and Credit Suisse Project Global Wealth Will Rise 38% by 2027

Kathleen Marshall

Published Aug 15, 2023

Contractors work on a house under contruction in Sacramento, California, US, on Monday, July 3, 2023.

Home Builders' Confidence Tumbles on Rising Rates

Published Aug 15, 2023

People shop along Broadway in Manhattan on July 27, 2023 in New York City.

July Retail Sales Beat Expectations

Mary Beth Slack

Published Aug 15, 2023

People shop in a Manhattan store on July 27, 2023, in New York City.

Consumers' Expectations for Inflation Move Closer to Fed's Target

Mary Beth Slack

Published Aug 14, 2023

Senior engineer explaining machine functioning to new engineer and how to operating an Injection Molding machine.

Job Hunters Have Had The Upper Hand in These Three States in the Wake of the Pandemic

Mary Beth Slack

Published Aug 14, 2023

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

Prices in China are Falling: Here's Why That's a Problem

Published Aug 12, 2023

gas pump

Consumer Confidence Softens in August Amid Rising Gas Prices

Mary Beth Slack

Published Aug 11, 2023

Rice Production

Global Rice Prices Hit 12-Year High Last Month Following Indian Ban of Rice Exports

Published Aug 10, 2023

A technician inspects machines with a computer.

Producer Prices are the Canary in the Coal Mine for Consumers and Fed

Mary Beth Slack

Published Aug 10, 2023

Man shopping in a food store

Inflation Cooled In July, Despite Uptick In Year-Over-Year Rate to 3.2%

Published Aug 10, 2023

Lower Manhattan Skyline

New York City Economic Tracker: July 24, 2023

Hiranmayi Srinivasan and Adrian Nesta

Published Aug 09, 2023

Container terminal in Hong Kong

Dwindling Trade Highlights China's Shrinking Role as Workshop of the World

Published Aug 08, 2023

Employee Monte Grenz operates a forklift at the distribution center of the Oregon Freeze Dry Inc. facility in Tangent, Oregon, U.S

June Wholesale Inventories Fall, But Remain Elevated Over Last Year

Mary Beth Slack

Published Aug 08, 2023

Patrick Harker, president and chief executive officer of the Federal Reserve Bank of Philadelphia, speaks during a conference on economic outlook in Philadelphia, Pennsylvania, on Tuesday, April 12, 2016.

Interest Rates May Have Reached Their Peak, Fed Official Says

Published Aug 08, 2023

couple making a purchase at a female owned small business

Small Businesses Remain Pessimistic Due To Inflation, Labor Market Woes

Mary Beth Slack

Published Aug 08, 2023

Federal Reserve

Is Inflation Tamed? Thursday's Inflation Numbers Will Give the Fed New Clues

Mary Beth Slack

Published Aug 09, 2023

Real estate agent touring a house with a couple

Home Prices are Back to Breaking Records

Published Aug 07, 2023

Michelle Bowman, governor of the US Federal Reserve, speaks during a Fed Listens event in Washington, D.C., US, on Friday, Sept. 23, 2022.

With Inflation Still Above Targets, Officials Leave Room For Another Hike

Published Aug 07, 2023

Strategic Petroleum Reserve (SPR) storage facility

How DOE Delaying Replenishing Strategic Petroleum Reserve Will Impact Prices

Published Aug 04, 2023

Sheep on South Island, New Zealand

These 10 Countries Now Have Better Credit Ratings Than The United States

Published Aug 05, 2023

A man fishing in a lake

Jobs Are Back After The Pandemic, But Working? Not So Much

Published Aug 02, 2023

Apartment buildings with fire escape ladders in New York City.

New Signed Contracts, Listings Drop in New York, Southern California

Published Aug 02, 2023

The U.S. Capitol

Fitch Downgrades US Credit Rating Amid Fiscal Face-Offs. Here's Why It Matters.

Taylor Tompkins

Published Aug 01, 2023

A refinery at dusk, lit up and running

What Recession? Model Shows GDP Growth Accelerating To 3.9% In 3rd Quarter

Published Aug 01, 2023

Workers on a construction site

Construction Spending Jumped in June

Published Aug 01, 2023

Perspective photo of a row of similar style houses during various phases of construction.

The Great Housing Crash of 2023 That Wasn't

Published Aug 01, 2023

A factory worker uses a digital tablet

Job Market Pickings Got Slimmer in June, Though Far From a Famine

Published Aug 01, 2023

A man looks at coupons while shopping at a Shaw's Supermarket July 28, 2023 in Orleans, Massachusetts

How Long Can U.S. Consumers’ Spending Spree Continue?

Published Jul 31, 2023

Female financial advisor in discussion with female business owner at desk in office

Borrowing Continued To Get Tougher in Second Quarter

Published Jul 31, 2023

An office manager showing some documents on a digital tablet to a colleague in a bright, modern office.

Businesses Expect Revenue Growth Despite Macroeconomic Conditions, Says Survey

Kathleen Marshall

Published Jul 31, 2023

A young boy playing on a shopping cart in a grocery store

Consumer Sentiment Shows People Have Noticed Slowing Inflation and Like It

Published Jul 28, 2023

A couple buying a car

Fed's Preferred Inflation Measure Falls To 3%

Published Jul 28, 2023

A for sale sign is posted in front of a home on March 22, 2023 in San Anselmo, California.

Pending Home Sales Increase for First Time in Three Months

Published Jul 27, 2023

US Capitol Building

Congressional Budget Office Adopts Sunnier Economic Outlook

Published Jul 27, 2023

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