Economic News

(Bloomberg) -- U.S. household net worth surged to a fresh record in the second quarter as Americans enjoyed an ebullient stock market and the largest-ever increase in the value of...

(Bloomberg) -- Federal Reserve Chair Jerome Powell said the U.S. economy is experiencing “fundamental shifts” as people and businesses pivot to “meet the demands of a new...

(Bloomberg) -- The Bank of England could raise interest rates twice by May to curb a surge in inflation, but that largely depends on how high unemployment rises after the end of...

By Geoffrey Smith Investing.com -- Treasury bonds stabilize after their biggest one-day sell-off in months. Jerome Powell and two other top Fed officials may speak to that later....

(Bloomberg) -- Holders of China Evergrande Group’s dollar bonds have been left on edge after the distressed developer gave no signs of meeting a Thursday deadline for an $83.5...

(Bloomberg) -- China’s central bank will push to reform its emergency-funding facility to make it easier for banks to access cash, a move that could help smooth out the volatility...

(Bloomberg) -- Soaring food costs driven by supply-chain snarls and other disruptions hurting the agriculture industry will prove “transitory” and should dissipate in time, says...

(Bloomberg) -- U.S. household net worth surged to a fresh record in the second quarter as Americans enjoyed an ebullient stock market and the largest-ever increase in the value of...

(Bloomberg) -- To understand why more than 100 container ships are waiting to enter U.S. ports from Southern California to Savannah, Georgia, it helps to keep tabs on the...

(Bloomberg) -- A measure of activity at U.S. service providers and manufacturers in September grew at the slowest pace in a year, restrained by nagging supply-chain and labor...

(Bloomberg) -- Turkey’s central bank unexpectedly cut its benchmark rate on Thursday, risking further volatility in the lira amid high inflation and reflecting the long shadow cast...

By Geoffrey Smith  Investing.com -- Global markets extend their gains on relief at the lack of immediate tightening by the Federal Reserve and a stay of execution for China...

(Bloomberg) -- Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast. The Swiss National Bank stuck with ultra-low interest rates in...

(Bloomberg) -- China’s central bank net-injected the most short-term liquidity in eight months into the financial system, with markets roiled by concerns over China Evergrande...

(Bloomberg) -- A number of China’s publicly-traded banks rushed to assuage investors who are concerned about risks from the deepening crisis at China Evergrande Group. At least...

By Yasin Ebrahim Investing.com - The Federal Reserve kept interest rates unchanged Wednesday, and signaled it would trim its monthly bond-buying program before year-end. The...

(Bloomberg) -- Births have bottomed out in some U.S. states earlier this year, suggesting Americans were more optimistic about starting a family after the depths of the pandemic in...

By Geoffrey Smith  Investing.com -- The Federal Reserve may or may not announce the start of  asset 'tapering'. China's troubled real estate developer buys itself another couple of...

By Geoffrey Smith  Investing.com -- The wind has changed and it is time for Europe’s Mary Poppins to depart. She does so on her own terms, her approval ratings still sky-high after...

By Geoffrey Smith  Investing.com -- Global markets bounce as signs of central bank reticence to tighten policy appear, while fears of a dramatic and disorderly collapse of a...

(Bloomberg) -- New Zealand’s central bank has damped speculation it could start its tightening cycle with a 50 basis-point interest-rate hike next month, signaling it’s more likely...

(Bloomberg) -- Chicago Mayor Lori Lightfoot is proposing a $16.7 billion budget for the coming year that uses federal aid to close a $733 million deficit as she tries to spur a...

(Bloomberg) -- Emergency unemployment benefits in the U.S. expired two weeks ago, but employers who expected an increase in job applications are still largely waiting for them to...

(Bloomberg) -- China appealed a World Trade Organization dispute ruling that rejected the nation’s claims against the U.S. relating to safeguard measures that the Trump...

(Bloomberg) -- U.S. homeowners enjoying historic gains in the value of their property will likely face a hit next year through a higher tax bill. Property taxes -- up the most in...

By Geoffrey Smith  Investing.com -- Global stock markets tumble and the dollar rises ahead of a likely default by one of China's biggest real estate developers. Wall Street is set...

By Noreen Burke Investing.com -- The Federal Reserve meeting will be the highlight of the coming week and while no change is expected officials are likely to hint that they are...

(Bloomberg) -- Investors may need to hunker down for a slump in U.S. stocks if President Joe Biden opts for a surprise choice and doesn’t renominate Jerome Powell as Federal...

(Bloomberg) -- The House will vote next week to raise the nation’s $28 trillion debt ceiling, but a political standoff between Democrats and Republicans still threatens to send the...

(Bloomberg) -- Employment declined in 19 states and the District of Columbia in August, while the majority of other states posted modest increases, elucidating the abrupt stepdown...

(Bloomberg) -- High-earning taxpayers would face much smaller tax hikes -- or even cuts -- if Democrats decide to restore the federal deduction for state and local taxes in...

By Geoffrey Smith  Investing.com -- China's central bank acts to calm markets as real estate developer Evergrande edges toward default. Iron ore prices tumble as financing...

(Bloomberg) -- The Federal Reserve may hold off on its tapering announcement amid week economic data and as the two political parties spar on raising the debt ceiling, sending...

By Geoffrey Smith  Investing.com -- The focus stays on economic data on Thursday, with U.S. retail sales and jobless claims due. European car sales crater due to shortages of chips...

(Bloomberg) -- More than 125 economists and public policy scholars signed a letter calling on U.S. Congress to support investments in affordable child care for American...