Economy
Economy & Macroeconomics News
Fed policy, inflation data, GDP growth, employment reports, and global economic trends.
Economy
US Producer Prices Drop 0.3% in June as Energy Costs Plunge, Easing Inflation Fears
US producer prices fell 0.3% in June, defying expectations as energy costs plunged 6.4%, offering fresh signs of easing
Economy
US CPI Drops 0.4% in June as Energy Costs Plunge, but Geopolitical Risks Loom
US consumer prices fell 0.4% in June, the steepest monthly decline since April 2020, as energy prices tumbled. However,
Economy
New York Enacts One-Year Moratorium on Large Data Centers Amid Energy and Environmental Concerns
New York has imposed a one-year moratorium on large data centers (50+ MW) to address concerns over rising electricity co
Economy
AI-Driven Stock Rally Diverges from Sluggish US Economy: Moody's Explains
US stocks are booming near record highs, but the economy grows at a muted 2% pace. Moody's chief economist Mark Zandi ex
Economy
AI Chip Boom Reshapes South Korea's Economy and Widens Wealth Gap
South Korea's AI memory chip boom, led by Samsung and SK Hynix, is driving record exports and wealth, but widening inequ
Economy
China Targets 30% NEV Fleet Share by 2030 in Ambitious Carbon Plan
China's State Council unveiled a carbon-peaking plan targeting NEVs to account for 30% of total vehicle fleet by 2030, r
Economy
Fed Minutes Reveal Deep Split: Some Officials See Rate Hikes, Others Cuts Amid Sticky Inflation
Federal Reserve minutes from June reveal a divided FOMC, with some officials seeing rate cuts and others advocating hike
Economy
Goldman Sachs: AI to Displace 15M US Workers Over Decade, But Job Creation May Offset Losses
Goldman Sachs economist Joseph Briggs projects AI will displace over 15 million US workers in a decade, but argues the l
Economy
Eurozone Manufacturing PMI Holds at 51.4 in June, Services Contraction Eases
Eurozone manufacturing activity remained in expansion for a fifth consecutive month in June, while the services sector c
Economy
June Payrolls Miss by Wide Margin, Fed Rate Hike Odds Slide
The US economy added just 57,000 jobs in June, well below the 115,000 consensus estimate. The unemployment rate unexpect
Economy
ADP June Jobs Miss: Private Sector Adds 98K, Below 110K Forecast
Private employers added 98,000 jobs in June, below the 110,000 forecast, with healthcare and small businesses leading ga
Economy
US Job Openings Hold at 7.6M in May, Topping Forecasts as Labor Market Stays Resilient
US job openings held steady at 7.6 million in May, above the 7.3 million forecast, indicating a resilient labor market w