Economic News

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

Shoppers at the Bryant Park Winter Village Holiday Market in New York, US, on Saturday, Dec. 16, 2023.

Consumer Sentiment Soars as Inflation Worries Ease

Published Dec 22, 2023

Diners at a crowded restaurant in Washington D.C.

About That Recession We Were All Bracing For…

Published Dec 22, 2023

People carry shopping bags.

Fed's Preferred Inflation Measure Slows in November

Published Dec 22, 2023

Cargo ships are seen at Israel's Haifa commercial shipping port in the Mediterranean Sea on December 13, 2023. In solidarity with Palestinians in Gaza, Yemen's Houthis are warning that they will target cargo vessels sailing through the Red Sea if they are heading for Israeli ports, regardless of their nationality.

How Attacks on Shipping in the Red Sea Could Affect the US Economy

Published Dec 20, 2023

Commuters wait for a train at the Union Square station in New York, US, on Wednesday, Dec. 6, 2023.

The Laws of Economics Broke Before The Labor Market Did

Published Dec 20, 2023

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Traders work on the floor of the New York Stock Exchange (NYSE) during morning trading on December 14, 2023, in New York City.

Higher Stocks, Lower Gas, And More Jobs Lifted Consumer Spirits in December

Published Dec 20, 2023

Person looking at a chart

Last Year's Predictions: How Did They Pan Out?

Published Dec 21, 2023

People shop at the new Wegmans Astor Place grocery store on Oct. 28, 2023, in New York City.

Why Prices Are Probably Never Going Back Down

Published Dec 19, 2023

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

New Construction Jumps in Another Good Sign for Housing Market

Published Dec 19, 2023

Lower Manhattan Skyline

The New York City Economic Tracker: December 4, 2023

Hiranmayi Srinivasan and Adrian Nesta

Published Dec 19, 2023

U.S. Federal Reserve Chairman Jerome Powell

Fed Says Rates Near Their Peak—But History's Rife With Premature Inflation Victories

Published Dec 14, 2023

A sign advertises an apartment for rent along a row of brownstone townhouses

Median US Rent Shows Biggest Fall in More Than Three Years, Tenants Get More Concessions

Published Dec 14, 2023

Federal Reserve Chair Jerome Powell

Fed Keeps Interest Rate Unchanged at 22-Year High But Signals Cuts Next Year

Updated Dec 13, 2023

Fed Chairman Powell Speaks at Press Conference after FOMC meeting.

Fed Meeting Live: Fed Holds Key Rate Steady, Signals Rate Cuts on the Way; Stocks Jump on Powell Remarks

Stephen Wisnefski

Updated Dec 13, 2023

Fruit being packed for tomorrow morning's delivery

Wholesale Inflation Holds Steady, Coming in Lower Than Expectations

Published Dec 13, 2023

A driver pumps gas at a Shell gas station in Washington, DC, US, on Tuesday, Nov. 28, 203. Gasoline prices have fallen for 60 consecutive days, the longest streak of declines in more than a year, letting American drivers pass on savings at the pump to consumer retailers during the US economy's all-important holiday season.

Inflation Simmered Down In November As Gas Prices Fell

Published Dec 12, 2023

A for sale sign is posted in front of a home.

Overall Housing Market May Improve in 2024, But Several Local Markets At Risk

Published Dec 08, 2023

A driver pumps gas at a Shell gas station in Washington, DC, US, on Tuesday, Nov. 28, 203.

Consumer Sentiment Jumps 13% to Erase Four Months of Declines

Published Dec 08, 2023

Workers in an open office

November Unemployment Rate Unexpectedly Falls, As Wage Increases Stay Ahead of Inflation

Updated Dec 08, 2023

Close-up shot of a female hand using her credit card to scan and pay for a bill .

Card Debt Hits Another Record High As Consumers Keep Putting Purchases on Plastic

Published Dec 07, 2023

A fuel pump at a gas station in California.

Gas Under $3 Is Becoming the Norm In Much of the US

Published Dec 07, 2023

Lower Manhattan Skyline

New York City Economic Tracker: November 13, 2023

Hiranmayi Srinivasan and Adrian Nesta

Published Dec 06, 2023

Shoppers at a Nintendo store in New York.

Here's One Way the Fed's Interest Rate-Hiking Campaign May Be Providing an Economic Boost

Published Dec 06, 2023

A concerned woman looking at a computer

The Job Search is Getting Tougher As Employers Pull Back on Listings

Published Dec 05, 2023

A "For Sale" sign outside of a home in Washington, DC, US, on Sunday, Nov. 19, 2023. The National Association of Realtors is scheduled to release existing homes sales figures on November 21.

Houses Will Get A Bit More Affordable In 2024, Forecasters Say

Published Dec 04, 2023

.S. Federal Reserve Board Chairman Jerome Powell speaks during a panel discussion on "Monetary Policy Challenges in a Global Economy" at the 24th Jacques Polak Annual Research Conference on November 8, 2023 at the IMF headquarters in Washington, DC.

Will The Fed's Next Move Be To Raise Rates, Or Cut Them? Markets and Officials Disagree

Published Dec 01, 2023

Sevierville, Tenn., - Nov. 6, 2023: 120 gas pumps are available at the nation's largest Buc-ee's.

The Fed's Favorite Inflation Measure Fell To Its Lowest Since March 2021

Published Nov 30, 2023

A Target customer looks at a display of board games while shopping at Target store on December 15, 2022 in San Francisco, California.

It Turns Out The Economy Grew Faster Than We Thought In Third Quarter

Published Nov 29, 2023

Shoppers carry bags at the Polaris Fashion Place mall on Black Friday in Columbus, Ohio, US, on Friday, Nov. 24, 2023.

Thanksgiving Weekend Shoppers Set Record for Holiday Season, Defying Expectations

Published Nov 28, 2023

A worker delivers Amazon packages on Cyber Monday 2023 in San Francisco

Consumers More Optimistic Over the Long Term as Inflation Slows

Published Nov 28, 2023

A For Sale sign displayed in front of a home on Feb. 22, 2023 in Miami

New Home Sales Slump More Than Anticipated in October

Published Nov 27, 2023

Amazon Fulfillment center

US Cyber Monday Sales Online Could Top $12B After Record Black Friday, Adobe Says

Fatima Attarwala

Published Nov 27, 2023

A family eating Thanksgiving dinner

Something To Be Thankful For: Falling Food Prices (Over The Long Run)

Published Nov 22, 2023

Black Friday deal in the electronics department at the Walmart Supercenter

'Tis The Season Of Holiday Spending For US Consumers—Will They Defy Tepid Expectations?

Published Nov 22, 2023

Black Friday signs at a Target store

As Holiday Shopping Beckons, Retailers Ratchet Down Their Expectations

Published Nov 22, 2023

A For Sale sign is posted in front of a home for sale in San Marino, California on September 6, 2023. With US mortgage rates rising to 15-year highs hovering around 7.2% to start the post-Labor Day period, the difference between new 30-year home loan rates and on all outstanding US mortgage debt has not been this wide since the 1980s.

Housing Market's Freeze Got Deeper In October As Sales Hit 13-Year Low

Updated Nov 21, 2023

Susan Collins, president of the Federal Reserve Bank of Boston, speaks during a Bloomberg Television interview in Washington, DC, US, on Friday, March 31, 2023

More Fed Rate Hikes Still On the Table, Official Says

Published Nov 17, 2023

home under construction

Housings Starts, Building Permits Move Higher as Builders’ Recession Fears Fade

Published Nov 17, 2023

The Federal Reserve Headquarters in Washington DC on a sunny day

Fed Officials Cite Progress Vs Inflation, Reinforcing Idea That Rate-Hike Cycle is Over

Published Nov 16, 2023

Job seekers read instructions during a career fair where job seekers can meet with prospective employers during a City of Los Angeles career fair offering to fill vacancies in more than 30 classifications of jobs on November 2, 2023 in Los Angeles, California.

Jobless Claims Spike: Is Unemployment Rising For Real This Time?

Published Nov 16, 2023

European Central Bank

EU Expects Eurozone to Avoid Recession as Inflation Eases, With Growth Rebound in 2024

Fatima Attarwala

Published Nov 15, 2023

People pump gas at a Shell gas station on August 03, 2023 in Austin, Texas. Gas stations around the country have boosted prices by an average of 26 cents a gallon over the past month as irregular temperatures have made fuel-making more challenging due to the slowing of cooling processes needed to refine crude oil.

Wholesale Prices Decline for the First Time Since May

Published Nov 15, 2023

Woman interviewing another woman while seated in an office

AI Isn't Doing Entire Jobs Yet—But It Is Being Integrated Into Work

Published Nov 15, 2023

Seal of the Board of Governors of the United States Federal Reserve System. This version of the seal mostly dates from 1935.

Tuesday's Inflation Report Seen As A Turning Point in The War On Inflation

Published Nov 14, 2023

Man pumping gas

Inflation Cooled To 3.2% in October As Gas Prices Fell

Updated Nov 14, 2023

U.S. Treasury Building in Washington D.C.

Why Moody's Cut Its Outlook for the US Economy

Published Nov 12, 2023

A for sale sign hangs in front of a home on August 22, 2023 in San Mateo County, California.

A Record 85% of US Consumers Think It's a Bad Time to Buy a Home, Fannie Mae Survey Shows

Kathleen Marshall

Published Nov 10, 2023

Consumer putting gas in car.

Interest Rates, Inflation Push Consumer Sentiment Lower for 4th Straight Month

Published Nov 10, 2023

US Federal Reserve Board of Governors at the William McChesney Martin Jr. Federal Reserve building in Washington, DC, US

Why Some Economists Think the Fed Has Already Won Its War Against Inflation

Published Nov 09, 2023

Fed Chairman Powell speaking at IMF event.

Fed Officials Say They Might Raise Rates Again—Market Participants Aren't Buying It

Updated Nov 09, 2023

Workers in a warehouse talking and looking at a clipboard

How Easy Are Jobs To Find? It Depends On The Industry

Published Nov 10, 2023

A mechanic inspects brake pads on a lifted car.

September Wholesale Inventories Rise, Helped by Uptick in Auto Parts

Published Nov 08, 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.

Despite Cooling Inflation, Fed Officials Split on Need for More Rate Hikes

Published Nov 07, 2023

US President Joe Biden meets with China's President Xi Jinping during a virtual summit from the Roosevelt Room of the White House in Washington, DC, November 15, 2021.

U.S. Trade Deficit Increases as Imbalance with China Grows

Published Nov 07, 2023

A young man looks at his credit card while holding a tablet.

Under 40 and Underwater? Some Adults Are Falling Behind On Car Loans and Credit Card Debt

Published Nov 07, 2023

A man looking worried looking over bills

Have A 'Fair' Credit Score But Your Loan Got Denied? You're Not Alone

Published Nov 07, 2023

Lower Manhattan Skyline

The New York City Economic Tracker: October 16, 2023

Adrian Nesta and Hiranmayi Srinivasan

Published Nov 06, 2023

Workers build homes in Lillington, North Carolina, US, on Thursday, June 15, 2023.

Why Homebuilders Can’t Meet Demand For New Homes—It's Too Expensive

Published Nov 06, 2023

Two men in a motorboat.

How High Interest Rates Are Affecting Every Corner of Business—What CEOs Are Saying

Published Nov 06, 2023

People holding multiple shopping bags with holiday gifts

Continued Strength in Job Market Expected to Encourage Record Holiday Spending

Published Nov 03, 2023

A "UAW On Strike" sign held on a picket line outside the General Motors Co. Spring Hill Manufacturing plant in Spring Hill, Tennessee, US, on Monday, Oct. 30, 2023. General Motors Co. reached a tentative agreement with the United Auto Workers, according to people familiar with the matter, bringing an end to a six-week-old strike that had upended US automobile production and cost the industry billions of dollars.

U.S. Employers Added Fewer-Than-Expected Jobs in October, Unemployment Rate Rises to 3.9%

Updated Nov 03, 2023

A woman relaxing on a deck chair

Homeowners Are Increasingly Reluctant to Sell, But Not For The Reason You'd Expect

Published Nov 01, 2023

Job Openings Remain Elevated, But Quit Rates and Layoffs at Pre-Pandemic Levels

Updated Nov 01, 2023

New home construction in Petaluma, California, 2015

September Construction Spending Up 0.4%, Meeting Economists' Expectations

Kathleen Marshall

Published Nov 01, 2023

The Marriner S. Eccles Federal Reserve building during a renovation in Washington, DC, US, on Tuesday, Oct. 24, 2023. The Federal Reserve chair last week suggested the US central bank is inclined to hold interest rates steady again at its next meeting while leaving open the possibility of a future hike if policymakers see further signs of resilient economic growth.

Federal Reserve Holds Interest Rate At 22-Year High

Updated Nov 01, 2023

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