Economy
Economy & Macroeconomics News
Fed policy, inflation data, GDP growth, employment reports, and global economic trends.
Economy
UK GDP Rises 0.6% in Q1 2026 Led by Services, Household Income Drops
UK GDP expanded 0.6% in Q1 2026, matching estimates, with services leading growth. However, household disposable income
Economy
UK Mortgage Approvals Hit 2023 Low in May as Borrowing Slumps Across Sectors
UK mortgage approvals plunged to 56,205 in May, the lowest since December 2023, while net borrowing fell to £2.9 billion
Economy
Eurozone Corporate Lending Hits 3-Year High as M3 Money Supply Accelerates
Eurozone corporate lending accelerated to 4.0% in May, the fastest in three years, as M3 money supply growth rose to 3.2
Economy
MOEX Index and Ruble Slide as Ukraine Attacks Pressure Russian Economy
Russian stocks and the ruble are under heavy selling pressure as Ukraine escalates attacks on key infrastructure, energy
Economy
US Consumer Sentiment Rises to 49.5 in June as Gas Prices Fall, but Outlook Remains Cautious
The University of Michigan's consumer sentiment index rose to 49.5 in June from 44.8 in May, driven by falling gasoline
Economy
Eurozone Near-Term Inflation Expectations Dip to 3.5% in May; Long-Term Outlook Steady
Eurozone consumers reduced near-term inflation expectations to 3.5% in May, while longer-term expectations remained stab
Economy
US PCE Inflation Hits 4.1% in May, Core Rate at 3.4% as Energy Costs Surge
US PCE inflation accelerated to 4.1% in May, the highest in over three years, as energy prices surged. Core inflation re
Economy
UK Retail Sales Plunge to 2-Year Low in June as Consumer Sentiment Sours
UK retail sales volumes dropped sharply in June, missing seasonal norms by the widest margin in over two years, as weak
Economy
UK Private Sector PMI Falls to 14-Month Low as Demand Weakens and Job Cuts Persist
The UK composite PMI fell to 49.4 in June, marking a 14-month low and a second consecutive contraction, as weak demand a
Economy
ECB Study: AI Adoption's Impact on US Jobs and Wages Remains Muted So Far
A European Central Bank study reveals that AI adoption has not yet caused broad declines in US employment or wages, thou
Economy
UK Retail Sales Surge 1.2% in May, Beating Forecasts on Warm Weather and Promotions
UK retail sales volumes increased 1.2% in May, beating forecasts, as warm weather and promotions boosted spending. Non-f
Economy
US Jobless Claims Dip to 226K, Labor Market Holds Firm Amid Economic Uncertainty
Initial jobless claims dropped to 226,000, indicating low layoffs and a resilient labor market. However, continuing clai