Economic News

(Bloomberg) -- President Joe Biden raised the final pillar of his economic agenda with the Senate’s passage of a breakthrough climate and tax package, sealing a legacy that risks...

(Bloomberg) -- Friday’s blowout jobs report spurred economists at JPMorgan Chase & Co. (NYSE:JPM), Evercore ISI and LH Meyer to say bigger US interest-rate increases are now in...

(Bloomberg) -- Consumer expectations for US inflation over the coming years declined sharply in the latest survey by the Federal Reserve Bank of New York, a finding that may ease...

By Geoffrey Smith Investing.com -- U.S. stocks are set to open higher after the Democrats' long-awaited and much-diluted tax and spending bill finally cleared the Senate at the...

(Bloomberg) -- Hong Kong will reduce the period of time arrivals must spend in hotel quarantine to three days, plus four days of health monitoring, the latest move to ease travel...

By Noreen Burke Investing.com -- Wednesday’s July U.S. inflation data will be the main highlight in the week ahead after last Friday’s much stronger-than-anticipated...

(Bloomberg) -- US consumer borrowing surged in June, reflecting a jump in credit-card balances and a record increase in non-revolving lending that includes auto and school...

(Bloomberg) -- Front-end US interest rates surged following a stronger-than-anticipated monthly jobs report, with swaps now indicating that an increase of 75 basis points to the...

By Geoffrey Smith Investing.com -- The U.S. is expected to have added 250,000 new nonfarm jobs in July - the fewest since November but still a decent number by historical...

By Ambar Warrick Investing.com-- The Reserve Bank of India (RBI) hiked its benchmark rate by more than expected on Friday and vowed to further tighten monetary policy, citing a...

(Bloomberg) -- Markets appear to have moved on from the furious debate on what is the right definition of a recession. A US economic downturn looks increasingly less likely in the...

(Bloomberg) -- Berkshire Hathaway Inc . (NYSE:BRKa) is about to give investors a look at how the conglomerate is handling spiraling inflation, rate hikes and a market downturn...

By Geoffrey Smith Investing.com -- The Bank of England raised its key refinancing rate by 50 basis points on Thursday, responding to the highest inflation in over 30 years with its...

By Geoffrey Smith Investing.com -- China fires missiles into the sea around Taiwan as it vents its anger at Nancy Pelosi's visit earlier in the week. Alibaba reports earnings amid...

(Bloomberg) -- The Senate Democrats’ tax, climate and drug-price bill would reduce federal budget deficits by $102 billion over 10 years, the nonpartisan Congressional Budget...

(Bloomberg) -- Federal Reserve Bank of St. Louis President James Bullard said he favors a strategy of “front-loading” big interest-rate hikes, and repeated he wants to end the year...

By Geoffrey Smith  Investing.com -- Nancy Pelosi promises the U.S. will not abandon Taiwan. China reacts by ordering a massive four-day live-fire drill immediately off the island's...

By Ambar Warrick  Investing.com-- China’s services sector grew at a faster clip in July from the previous month as it benefited from easing COVID-19 restrictions, a private survey...

(Bloomberg) -- Difficult summer conditions including extreme heat and drought drove European electricity prices to new highs on Tuesday, flashing a warning of an even more...

(Bloomberg) -- US household debt increased by 2% to $16.2 trillion in the second quarter, with mortgages, auto loans and credit-card balances all seeing sizable increases,...

By Geoffrey Smith  Investing.com -- You can argue about whether or not you’re in a recession (if you really have nothing better to do), but there’s no arguing that the world is in...

(Bloomberg) -- The Federal Reserve is “nowhere near” being almost done in fighting the hottest inflation in four decades, and officials are fully committed to achieving price...

By Geoffrey Smith  Investing.com -- Chinese markets tumble and risk assets struggle as Nancy Pelosi's visit to Taiwan raises the risk of a U.S.-China confrontation. The Labor...

(Bloomberg) -- Economists downgraded their forecasts for Hong Kong’s economy, predicting it could contract for the third time in four years, after data Monday showed growth is...

(Bloomberg) -- Now that Senator Joe Manchin is on board with a $433 billion tax and climate bill, Democrats, Republicans and the private equity industry all are trying to suss out...

(Bloomberg) -- Economists Olivier Blanchard and Lawrence Summers said a paper by Federal Reserve Governor Christopher Waller that found a soft landing is a plausible outcome for...

By Geoffrey Smith  Investing.com -- Italian bonds rallied on Monday on hopes that Giorgia Meloni, tipped by many to be the country's next Prime Minister, would stick to the EU's...

By Geoffrey Smith Investing.com -- China's economy slowed again in July, suggesting a rocky road to full recovery. PMIs from around the world point to a generalized slowdown except...

By Noreen Burke Investing.com -- After data on Thursday showing that the U.S. economy is on the cusp of a recession this Friday’s monthly employment report will be even more highly...

(Bloomberg) -- For the majority of people who quit their job in search of higher pay elsewhere, the wager paid off. Even as inflation soared, 60% of those who quit between April...

(Bloomberg) -- The Inflation Reduction Act of 2022, the breakthrough US legislative deal on key parts of President Joe Biden’s agenda, likely won’t reduce inflation at all,...

(Bloomberg) -- A soft landing is a plausible outcome for the US labor market, Federal Reserve Governor Chris Waller said.   This is among the conclusions in a paper Waller authored...

By Peter Nurse Investing.com -- Positive updates from tech giants Amazon and Apple are expected to help U.S. stocks open higher, while stronger-than-expected second quarter GDP...

(Bloomberg) -- The International Monetary Fund has lowered its growth forecast for the Asia Pacific region this year to 4.2% -- 0.7 percentage point lower than it expected in...

(Bloomberg) -- With investors on edge about an economic slowdown, Apple Inc (NASDAQ:AAPL). offered just enough good news Thursday to calm fears -- and bought itself some time to...