US economy

Kevin Warsh used his first press conference as Federal Reserve Chair to pledge a decisive fight against inflation, signaling a policy shift few investors had expected. A broad selloff began with the June’s hawkish dot plot, which signaled the committee’s preference for one rate hike...

Editor’s note: This article was updated to add more detail and context. The Federal Reserve unanimously held the federal funds rate steady at 3.50%-3.75% on Wednesday, as widely expected, in the first policy meeting under new Fed Chair Kevin Warsh. The June statement again described inflation...

In February, a viral thought experiment from Citrini Research imagined a June 2028 in which artificial intelligence had pushed U.S. unemployment to 10.2% and dragged the S&P 500 down 38%. Four months later, the labor market is doing the opposite of falling apart. “That scenario of 10%...

Billionaire entrepreneur Mark Cuban said Sunday that Elon Musk‘s trillionaire status is the result of millions of Americans investing in the stock market, arguing that ordinary investors, not billionaires themselves, are the driving force behind wealth creation in the U.S. economy. Responding...

Editor’s note: This article was updated to add more details and context. Producer prices accelerated further in May as the Strait of Hormuz energy shock continued to feed through the pricing pipeline, raising fresh concerns over the Federal Reserve’s inflation outlook under new Chair...

Editor’s note: This article was updated to add more details and context. Price pressures intensified further in May as the Strait of Hormuz energy shock continued to feed through the Consumer Price Index basket, reinforcing the case for Federal Reserve’s interest rate hike in 2026. The...

Editor’s note: This article has been updated to add more details and context. The U.S. labor market strengthened in May as employers added 172,000 jobs, the Bureau of Labor Statistics reported Friday. The monthly increase in total nonfarm payrolls far outpaced the 85,000 mark economists had...

Moody’s Analytics Chief Economist Mark Zandi warned that the U.S. economy is growing below its potential, leaving it increasingly vulnerable to rising unemployment, persistent inflation and a broader slowdown. “The economy is growing, but at a rate below its potential, so the situation...

For much of the past year, investors have operated under a simple assumption. Inflation is gradually cooling, the Federal Reserve will eventually pivot to rate cuts, and the economy will settle back into a familiar low-interest-rate environment. Increasingly, the data is pointing in the opposite...

Marjorie Taylor Greene slammed the new Federal Reserve Chair, Kevin Warsh, in a social media post on Sunday. The Former Georgia Congresswoman said that placing greater emphasis on “trimmed mean” inflation would downplay the impact of rising food and energy prices on American households...

Editor’s note: This article was updated to add more detail and context. The Federal Reserve’s preferred inflation gauge rose further in April as the Strait of Hormuz energy shock continued to reverberate through the broader consumer basket, the Bureau of Economic Analysis reported...

Editor’s note: This article was updated to add more detail and context. Price pressures intensified further in April as the energy shock from the Strait of Hormuz blockade reverberated across the Consumer Price Index basket. The headline inflation rate climbed from 3.3% year-over-year in...

Editor’s note: This article was updated to add details and context. The U.S. labor market added 115,000 nonfarm payrolls last month, blowing past economist forecasts for 62,000, the Bureau of Labor Statistics reported Friday. The print marks a slight deceleration from the prior month’s...

Editor’s note: This article was updated to add more details and context. U.S. economic activity expanded at an annualized rate of 2% in the first quarter, according to the advance estimate released Thursday. The reading marked an acceleration from the prior 0.5% pace but came in below...

Later today, Federal Reserve Chair Jerome Powell will hold what is probably the final meeting of his tenure. Yet, with the federal funds rate at 3.5%–3.75%, the final curveball isn’t the pressure from Washington, but a genuine stagflationary dilemma that leaves the central bank with no room...