Economy

Economy & Macroeconomics News

Fed policy, inflation data, GDP growth, employment reports, and global economic trends.

UK Private Sector PMI Falls to 14-Month Low as Demand Weakens and Job Cuts Persist
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
ECB Study: AI Adoption's Impact on US Jobs and Wages Remains Muted So Far
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
UK Retail Sales Surge 1.2% in May, Beating Forecasts on Warm Weather and Promotions
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
US Jobless Claims Dip to 226K, Labor Market Holds Firm Amid Economic Uncertainty
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
UK Unemployment Dips to 4.9% as Wage Growth Holds Above Forecasts
Economy
UK Unemployment Dips to 4.9% as Wage Growth Holds Above Forecasts
UK wage growth remained stronger than expected at 3.4% for regular pay, while the unemployment rate unexpectedly fell to
Citi Pushes Fed Rate Cut Forecast to Late 2026 as Hawkish Stance Hardens
Economy
Citi Pushes Fed Rate Cut Forecast to Late 2026 as Hawkish Stance Hardens
Citigroup now expects the Federal Reserve to cut rates in late 2026, pushing back its earlier forecast by one month amid
Warsh Unveils Five Task Forces in Sweeping Fed Policy Overhaul, Holds Rates Steady
Economy
Warsh Unveils Five Task Forces in Sweeping Fed Policy Overhaul, Holds Rates Steady
Federal Reserve Chair Kevin Warsh announced five new task forces to review monetary policy frameworks, communications, a
Fed Holds Rates at 3.5%-3.75% as Warsh Era Begins with Split on Hikes
Economy
Fed Holds Rates at 3.5%-3.75% as Warsh Era Begins with Split on Hikes
The Federal Reserve held rates unchanged at 3.5%-3.75% in its first meeting under Chair Kevin Warsh, revealing a divided
US Retail Sales Surge 0.9% in May, Topping Forecasts and Signaling Consumer Strength
Economy
US Retail Sales Surge 0.9% in May, Topping Forecasts and Signaling Consumer Strength
US retail sales increased 0.9% in May, surpassing market expectations of 0.5%, with nonstore retailers surging 12.2% yea
UK Inflation Holds at 2.8% in May, Defying Forecasts for a Rise
Economy
UK Inflation Holds at 2.8% in May, Defying Forecasts for a Rise
UK inflation held at 2.8% in May, defying forecasts of a rise to 3.0%. Transport costs drove prices up, while food infla
UBS Pushes Fed Rate Cut Forecast to 2027 as Warsh Faces First Policy Test
Economy
UBS Pushes Fed Rate Cut Forecast to 2027 as Warsh Faces First Policy Test
UBS Global Wealth Management now expects the first Fed rate cut in March 2027, pushing back earlier forecasts. The shift
Warsh's First Fed Meeting: No Rate Cut Expected, But Inflation and Forward Guidance in Focus
Economy
Warsh's First Fed Meeting: No Rate Cut Expected, But Inflation and Forward Guidance in Focus
The Fed is widely expected to hold rates steady at Warsh's debut FOMC meeting. Investors will focus on his commentary on