The Latest Breaking News on Economy

Reserve Bank appears determined to raise interest rates at least once more, even if Australia’s economy is slowing

The U.S. may not have to sacrifice the economic gains achieved in the pandemic recovery.

Last month, the Department of Commerce released troubling data on the anemic economy, showing that gross domestic income (GDI) shrank in the previous six months. That’s no surprise to half of Americans who believe we’re currently in a recession, but the data refute President Joe Biden’s claim that the economy…

Editorial: Growing the economy by shrinking it first is a high-risk political strategy

A fresh batch of jobs data will be pored over this week for confirmation the extremely tight labour market is starting to unwind.

Achieving durable disinflation must remain a non-negotiable goal, especially amid widening income inequality and high unemployment

The Bank of Thailand is likely to continue to raise interest rates this year to curb rising inflationary pressures, though such increases could hurt the stock market and the economy, say analysts.

The FWC doesn’t want to turn the current rate of wage increases into something that will scare Phil Lowe & Co.

US economy added more jobs than forecast last month, with March and April’s data revised higher too, but unemployment rate has jumped to 3.7%

The House's debt ceiling bill has critics on both sides. Bharat Ramamurti, the deputy director of the National Economic Council, says the administration was able to secure some of its key priorities.

Since 1960, the United States has raised its debt ceiling 78 times -- soon to be 79, if Congress approves the latest last-minute deal. On a wall in Manhattan, not far from Times Square, a billboard-size display has kept a running tally of the national debt amount.