Economy News

Aerial view of the Tokyo skyline highlighting the business district near the Ministry of Finance.

Japan Releases Economic Plan Without Answer on Sales Tax Issue

Japan recently released its latest economic plan, yet the document remains silent on the critical issue of future sales tax adjustments. Investors and policy analysts were watching this update closely for a signal on how…

Reserve Bank of New Zealand Governor Adrian Orr speaking at a press conference regarding recent interest rate decisions.

3h ago

New Zealand Central Bank Governor Has Time to Balance a Tricky Economy

Bank of England headquarters building in London on a clear day with a prominent clock tower visible.

4h ago

U.K. Unemployment Holds Steady

Bank of America CEO Brian Moynihan discussing World Cup economic data on a news program.

6h ago

World Cup hands US economy $20B boost -- with host cities like Kansas City, Philly cashing in big, BofA says

The American dream now comes with a ZIP code: Here's where starter homes are still within reach

Securing a starter home is harder than it was seven years ago. A report from Realtor.com shows that the income necessary to afford a typical entry-level house has climbed over 80% …

A line chart showing a trend upward in 30-year fixed mortgage rates reaching 6.71 percent.

MORTGAGE · 8h ago

Mortgage Rates Bouncing Higher to Start The Week

Mortgage rates are trending upward again as the work week begins. Following a slight reprieve late last week, the average 30-year fixed mortgage rate rose to 6.71 percent today. Th…

A digital security verification box displayed on a screen indicating unusual network activity from a user.

BLOOMBERG · 8h ago

China Vows to Achieve Annual Growth Target After Economy Weakens

Bloomberg has implemented increased security measures on its digital platform, resulting in automated prompts for users to verify their identity. These security blocks occur when t…

A standard Bloomberg security page displaying a CAPTCHA verification box for automated traffic detection.

BLOOMBERG · 9h ago

New UK Prime Minister Burnham Pledges a New Economic Model to Bring Stability

Bloomberg recently implemented strict automated access controls on its platform, resulting in users encountering CAPTCHA prompts when visiting the site. This security measure is de…

A fuel pump display showing rising prices at a gas station in New Zealand with urban traffic in the background.

ECONOMY · 9h ago

New Zealand’s Second-Quarter Inflation Jumps on Fuel-Price Surge

New Zealand reported an increase in inflation during the second quarter. The primary driver for this shift is a sharp rise in fuel prices across the country. Data from Statistics N…

Commercial shipping containers at a border crossing between the United States and Canada.

TRADE · 10h ago

US to hit Canada with 50% tariffs on wide range of goods

The United States government is preparing to implement new 50 percent tariffs on a wide range of goods imported from Canada. This move marks a major shift in trade policy between t…

Bank of Canada headquarters building in Ottawa with a clear blue sky in the background.

BANK OF CANADA · 10h ago

Canada Inflation Cools to 2.8% in June as Gasoline Decelerates

Canada’s inflation rate cooled to 2.8% in June, marking a notable shift in the national economic landscape. According to the latest data from Statistics Canada, the deceleration in…

A close-up of a shipping container terminal at a US port, symbolizing rising import costs and international trade.

ECONOMY · 1d ago

US import prices up 7.1% in June, highest annual gain since August 2022

The United States import price index saw a notable increase in June, rising 0.3 percent. When compared to the same period last year, prices are up 7.1 percent. This marks the most …

Security verification icon representing web protection services on Sudan Tribune website.

SUDANTRIBUNE · 1d ago

Sudan inflation jumps to 51.28% in June as currency plunges

Access to news portals often requires security verification. When you encounter a screen stating that a website is performing security checks, the system is attempting to distingui…

A woman at a desk in a home office reviewing tax documents and laptop paperwork.

FEDERALRESERVE · 1d ago

Why a modest US interest rate rise won’t change much for most businesses | Gene Marks

The prospect of rising interest rates often triggers alarm, with news cycles framing each Federal Reserve meeting as an impending economic earthquake. For the average small busines…

Silhouettes of people walking through an urban Melbourne street during the day.

AUSTRALIAN BUREAU OF STATISTICS · 1d ago

Australia’s life dissatisfaction levels double as ‘wellbeing poverty’ reaches new highs

New data from the Australian Bureau of Statistics reveals a sobering shift in the national mood. Nearly 2.2 million Australians, all aged 15 or older, now live below the wellbeing …

Residence Inn by Marriott in Ventura, where hospitality sector job growth is currently concentrated.

VENTURA COUNTY · 1d ago

County's unemployment rate rose slightly in June. Here's what it means

Ventura County saw a slight uptick in its unemployment rate during June, reaching 4.4%. This figure marks a shift from the 3.9% recorded in May, though it remains below the 4.8% le…

Gas station pumps at a local stop during the summer of 2026.

FEDERAL RESERVE · 1d ago

Inflation cools more than expected in June as gas costs fall, underlying prices ease

Recent economic data shows a cooling trend for United States inflation. Consumer prices dropped 0.4% between May and June, marking the largest monthly decline in four years. This s…

Federal Reserve building exterior showing the US flag flying above the entrance during a business day in Washington.

FEDERALRESERVE · 1d ago

A Statistical Revamp Is About to Lower Inflation, at a Critical Time

The latest personal consumption expenditures price index shows a nuanced shift in American economic conditions. Data released today indicates specific movements in consumer spendin…

Shipping containers stacked at a port representing US import volume and global trade activity.

BLS · 2d ago

US: Fuel for the 2nd Wave of Inflation: Import Prices of Manufactured Goods, Driven by Computers & Electronic Products

Import prices for manufactured goods in the United States are rising again, signaling a potential second wave of inflation. Data from the Bureau of Labor Statistics shows that impo…

Financial chart showing inflation trends and GDP growth rates for the United States and China.

BLOOMBERG · 2d ago

US CPI Cools, China Growth Slows: The Global Economy in Charts

Bloomberg recently highlighted significant shifts in the global economic landscape. The latest data indicates that the United States Consumer Price Index has cooled, suggesting a c…

Apple and Nvidia logos side by side symbolizing the shift in market valuation rankings on July 17 2026.

APPLE · 2d ago

Roundup: Apartments lead recovery / Import prices jump / Most valuable company

The economic landscape showed distinct shifts this week across several key sectors. U.S. housing starts saw a rebound, driven primarily by an increase in multifamily construction. …

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COMMERZBANK · 2d ago

China: Stagnation to persist as growth model shifts – Commerzbank

Recent market analysis from Commerzbank highlights an ongoing period of economic stagnation for China as the country works through a shift in its primary growth model. Analysts not…

Cargo ship with containers at a port in Qingdao, Shandong Province, during July 2026.

STATECOUNCIL · 2d ago

China’s robust economy is boosted by innovation, high-end manufacturing: Yao Jingyuan

China’s economy posted a 4.7 percent growth rate in the first half of 2026, reaching 69.57 trillion yuan. According to data from the National Bureau of Statistics, this performance…

Governor Abigail Spanberger speaking during a press event in the Patrick Henry Building in Richmond.

VIRGINIA · 2d ago

Six months in, Spanberger defends her record as economic concerns persist

Six months into her term, Governor Abigail Spanberger is working to reconcile her legislative wins with the economic realities facing Virginians. While her administration points to…

A standard security screen on a desktop monitor displaying a CAPTCHA prompt for a major financial news website.

BLOOMBERG · 2d ago

Warsh Shows His Inner Hawk as Inflation Debate Heats Up

Bloomberg has implemented automated security checkpoints to verify user traffic. Access to their platform now requires a validation step to ensure that interactions come from human…

Brazilian Finance Minister Dario Durigan discussing economic policy following the announcement of US tariffs.

BRAZIL · 2d ago

Brazil’s Government Chooses Restraint in Addressing US Tariffs—For Now

The Brazilian government has decided against immediate retaliation following the recent announcement of 25 percent tariffs by the United States. Finance Minister Dario Durigan stat…

Andy Burnham walking through a revitalized Manchester city center past modern office buildings and bustling public spaces.

UK GOVERNMENT · 2d ago

Britain hopes this man will save its economy. We went to Manchester to find out why

Britain faces significant economic pressure, marked by strained public services and stagnant living standards. As the nation prepares for a leadership change, incoming Prime Minist…

Andy Burnham standing in central Manchester near the newly developed Deansgate Mews area.

LABOUR · 3d ago

Britain hopes this man will save its economy. We went to Manchester to find out why

Britain faces a stagnant economy, political instability, and strained public services. As the country prepares for its seventh prime minister in a decade, eyes are on Andy Burnham …

Federal Reserve headquarters building facade during a cloudy day in Washington DC.

FEDERAL RESERVE · 3d ago

Cooler inflation may not be enough to stave off Fed rate increases

Recent economic data shows a cooling trend for inflation, but this shift might not stop the Federal Reserve from raising interest rates. Officials are looking past temporary dips i…

A grocery store cashier processes a gallon of milk at a checkout counter in Dallas during April 2026.

US ECONOMY · 3d ago

Milk prices at an all-time high, but most consumer costs slip in June after months of increases

Consumer costs decreased 0.4% in June, marking the largest single-month decline in six years. Lower prices for apparel, medical services, and transportation helped pull down the br…

Bloomberg web security block screen showing an automated activity verification prompt for visitors.

BLOOMBERG · 3d ago

US Housing Starts Rebound on Multifamily Construction

Bloomberg recently blocked user traffic due to automated activity detection on its network. This incident prevented visitors from accessing market data and financial news reports. …

New construction houses with wooden frames under a blue sky during a sunny day.

HOUSINGWIRE · 3d ago

Housing permits near cycle lows even as housing starts beat estimates

Housing starts beat estimates in June, yet that headline hides a more difficult truth about the current market. While the total number of starts jumped 19 percent to a seasonally a…

Brazilian agricultural land with sugarcane crops ready for harvest near a rural development facility in the Northeast.

BRAZIL · 3d ago

Brazil unveils credit package for rural sector hit by U.S. tariffs

The Brazilian government has responded to new U.S. tariffs with a massive 13.3 billion reais credit package. This financial move aims to protect the rural sector and support local …

Federal Reserve building exterior showing the entrance during a bright day in Washington DC.

FEDERALRESERVE · 3d ago

Key Takeaways After the Best News on Core Inflation in a Long Time

The latest Consumer Price Index report for June offers the most encouraging inflation data seen in years. Prices fell 0.4% month over month, largely due to energy costs, but the re…

Shipping containers stacked in a Chinese port representing the country's export-heavy economic model.

CHINA · 4d ago

As Chinese economy slows, experts say there will be ‘problems for Beijing’

China reported second-quarter GDP growth of 4.3 percent. This marks the slowest expansion for the country in over three years, down from 5 percent in the previous quarter. The data…

A busy U.S. Labor Department office where employees process government employment reports.

US GOVERNMENT · 4d ago

US weekly unemployment claims fall to 208,000, fewest in 10 weeks

New data from the Labor Department shows that the number of Americans filing for unemployment benefits dropped to 208,000 last week. This figure marks the lowest level in 10 weeks …

A busy shopping mall interior with shoppers holding bags as a backdrop for a graph showing rising bankruptcy trends.

LEGALSHIELD · 4d ago

Strong retail sales mask widening K-shaped economy as consumer financial stress mounts

Recent retail sales data shows a 0.2 percent increase for June, suggesting consumer spending remains stable on the surface. While economists often view these numbers as signs of a …

A residential "For Sale" sign standing on a front lawn with a suburban home blurred in the background.

FREDDIE MAC · 4d ago

Mortgage rate climbs to highest level in nearly a year

The average 30-year fixed mortgage rate reached 6.55% this week, marking the highest level seen in nearly a year. This increase from last week's 6.49% rate creates immediate pressu…

A generic security verification screen displayed on a web browser requesting user input to prove human identity.

BLOOMBERG · 4d ago

US 25% Tariffs on Brazil Risk Becoming an Election Gift to Lula

Bloomberg has implemented automated security checkpoints for visitors accessing its digital platform. Users who encounter the error message regarding unusual network activity must …

A U.S. flag flying next to a Brazilian flag, representing the recent 25% tariff announcement on imports between nations.

USTR · 4d ago

US imposes new 25% tariffs on Brazil, expands exemptions list

The United States is moving forward with a 25% tariff on a wide array of imports from Brazil. This decision stems from the latest application of Section 301 of the Trade Act of 197…

A line graph showing the 30-year fixed mortgage rate rising to 6.68 percent against a background of market data.

MORTGAGE NEWS DAILY · 4d ago

Mortgage Rates Move Slightly Higher

Mortgage rates saw a minor uptick today as the 30-year fixed index reached 6.68 percent, rising from 6.64 percent yesterday. While some observers might associate this movement with…

Kevin Hassett speaks with reporters at the White House regarding Federal Reserve interest rate policy.

FEDERAL RESERVE · 4d ago

There's no 'excuse' for rate hike, Hassett says. Does the Fed agree?

National Economic Council Director Kevin Hassett stated this week that the Federal Reserve lacks a valid reason to increase interest rates following the latest June inflation data.…

Federal Reserve Chair Kevin Warsh testifies at a Senate Banking Committee hearing on Capitol Hill.

FEDERAL RESERVE · 4d ago

Can the Fed lower inflation? 5 takeaways from Warsh on Capitol Hill

Federal Reserve Chair Kevin Warsh faced two days of intense questioning on Capitol Hill this week as lawmakers pressed for clarity on inflation, artificial intelligence, and the ce…

A bar chart from the Office for National Statistics displaying a 0.1% growth rate for the UK economy in May 2026.

UKGOVERNMENT · 4d ago

UK economy returns to growth in May

The UK economy returned to growth in May with a 0.1% increase according to the Office for National Statistics. This modest expansion follows a slight contraction in April. While th…

Federal Reserve Chair Kevin Warsh speaks at a press conference regarding the latest interest rate decision in Washington.

FEDERALRESERVE · 5d ago

Warsh says Fed has 'no tolerance' for high inflation but provides no hints on next move

Federal Reserve Chair Kevin Warsh addressed Congress this week regarding the current state of inflation and the central bank's policy path. Warsh pledged that the institution is co…

U.S. and Brazilian flags side by side representing international trade negotiations and upcoming tariff changes.

USTR · 5d ago

U.S. to Impose 25% Tariff on Certain Goods From Brazil

The United States government announced plans to impose a 25 percent tariff on specific goods imported from Brazil. This decision stems from a review of trade practices between the …

A stylized graphic showing an upward-trending line chart representing rising mortgage interest rates.

BLOOMBERG · 5d ago

US Mortgage Rates Match Highest in Almost a Year, Purchases Drop

Bloomberg recently reported that United States mortgage rates reached their highest levels in nearly a year. This increase in borrowing costs correlates with a noticeable decline i…

The Bank of Korea headquarters building in central Seoul.

BANK OF KOREA · 5d ago

Bank of Korea raises rates to 2.75% in first hike in over three years

The Bank of Korea raised its benchmark interest rate to 2.75% on Thursday. This decision marks the first time the central bank has increased rates since January 2023. The 25 basis …

Wall Street sign outside the New York Stock Exchange building in Manhattan on a clear day.

BANKING · 5d ago

Wall Street banks point to resilient US consumer as loan growth picks up

Wall Street banks are reporting a positive outlook on the American consumer despite ongoing economic shifts. Recent earnings reports from major lenders show that while interest rat…

Social Security benefit check payment schedule display on a monitor in a financial office setting.

SOCIAL SECURITY · 5d ago

Social Security's 2027 COLA estimate is out as inflation cools

The latest inflation data from the Consumer Price Index points toward a 3.8% cost-of-living adjustment for Social Security recipients in 2027. This estimate from The Senior Citizen…

Federal Reserve Chairman Kevin Warsh testifying before a Senate committee regarding monetary policy and AI investment.

FEDERALRESERVE · 5d ago

Warsh: AI spending may lift prices without fueling lasting inflation

Federal Reserve Chairman Kevin Warsh recently addressed Congress regarding the economic impact of the artificial intelligence investment boom. During his semiannual testimony, Wars…

A digital chart showing the downward trend of the US Producer Price Index for June on a professional financial monitor.

ECONOMY · 5d ago

US producer prices post largest drop in 14 months; inflation risks still tilted to the upside

The producer price index in the United States unexpectedly dipped during June. This data point offers fresh insight into how inflation is moving through the supply chain. Economist…

Rows of white cars with yellow wheel blocks parked in a large distribution lot in China.

CHINA · 5d ago

China’s economy grows at 4.3%, one of its lowest rates on record

China has reported an economic growth rate of 4.3% for the second quarter, marking one of the lowest figures since the country began publishing these metrics in the early 1990s. Th…

Heavy equipment and cars prepared for rail shipment in Yantai, Shandong province, during June 2026.

CHINA · 5d ago

China’s economy grows 4.3% in Q2, slowest since late 2022

China reported a 4.3% annual growth rate for the second quarter of 2026. This marks the slowest expansion since the end of 2022. While export manufacturing continues to provide a f…

Federal Reserve Chairman Kevin Warsh speaking during his first congressional testimony regarding inflation policy.

FEDERAL RESERVE · 5d ago

Fed’s Warsh tells Congress he’ll fight inflation but doesn’t tip hand on rates – live updates

Kevin Warsh completed his first appearance before Congress as Federal Reserve chairman today. His primary message centers on a commitment to price stability and the ongoing battle …

Gasoline price drop leads to 0.3% decline in wholesale inflation during June 2026 as reported by the BLS.

FEDERALRESERVE · 5d ago

Wholesale prices unexpectedly declined 0.3% in June on big drop in gasoline

Wholesale prices in the United States dipped 0.3% in June. This unexpected decline follows a report from the Bureau of Labor Statistics on Wednesday and provides a welcome shift in…

Federal Reserve Chair Kevin Warsh testifies before the House Financial Services Committee regarding current inflation.

FEDERALRESERVE · 6d ago

Fed Chair Warsh condemns inflation while dodging on hikes

Federal Reserve Chair Kevin Warsh took a hard stance against inflation at a House Financial Services Committee hearing this week. While he acknowledged the persistent economic pres…

A person pumping gasoline at a Sunoco station in Philadelphia during May 2026.

FEDERAL RESERVE · 6d ago

US consumer inflation moderates; upside risks remain amid renewed Middle East conflict

U.S. consumer inflation cooled more than expected during June, as a temporary dip in energy prices provided a brief period of relief. The Consumer Price Index rose 3.5 percent year…

A busy commercial district in Shanghai showing reduced foot traffic and signage representing economic activity.

CHINA · 6d ago

China’s economy grows at one of lowest rates in decades

The Chinese economy is currently experiencing one of its slowest growth rates in decades. Data released today highlights a significant shift in performance for the world second lar…

Factory worker assembling steel parts on a wind turbine frame in a manufacturing plant.

CHINA · 6d ago

China economic growth falls sharply, missing target

China experienced a sharp deceleration in economic growth during the second quarter of 2026. Official gross domestic product figures indicate the economy grew by 4.3 percent betwee…

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