The Latest Breaking News from Economy

The Federal Reserve's latest economic projections reveal a surprisingly shallow path for interest rate cuts in 2026, signaling that the policy will remain restrictive as the central bank contends with a resilient economy and sticky inflation.

Lord Wolfson said the medium to long term outlook for the UK “does not look favourable”

Income stagnation over the past two decades is ‘unprecedented in modern times,’ damning new report warns

“[Spending] may well be skewed toward higher-earning consumers,” Powell said. “There’s a lot of anecdotal evidence to suggest that.”

"You've got a low firing, low hiring environment" in the economy right now. When asked if it's AI, Powell shrugged: "there may be something there."

The Federal Reserve on Sept. 17, 2025, cut its target interest rate as it shifts focus from fighting inflation to supporting the choppy labor market.

The Federal Reserve’s policy setup is “bullish for bonds, bearish for the dollar, and neutral for equities in the near term," according to TIAA Wealth Management’s chief investment officer.

October WTI crude oil (CLV25 ) on Wednesday closed down -0.47 (-0.73%), and October RBOB gasoline (RBV25 ) closed down -0.0129 (-0.63%). Crude oil and gasoline prices were under pressure on Wednesday from energy demand concerns. Wednesday's weaker-than-expected US housing starts and building permits reports were bearish for the economy...

Australia's unemployment rate has held steady at 4.2 per cent despite thousands of jobs unexpectedly dropping out of the nation's economy.