Economic News

The latest analysis and insights into current events and economic indicators such as central bank news, unemployment numbers, GDP, and more.

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Drone View of a Home being Framed by Carpenters
April Housing Starts Rise As Low Home Inventory Boosts Outlook For New Construction
Homes being built.
Homebuilder Confidence Increased This Month
people in a store
Retail Sales Ticked Up in April, Even As Inflation Forced Cutbacks on Non-Essentials
home finances not tallying up for young family
Household Debt Rises to $17 Trillion As Delinquencies Increase
Federal Reserve
Atlanta Fed’s Bostic Says He Doesn't See Rate Cut This Year
Sister sitting on father's laps while brother crouching at porch - stock photo
Why So Few Houses For Sale? Pandemic-Refinancers Have 24 Billion Reasons to Stay Put
The Reyes family waits to receive baby formula in a Walmart Supercenter on July 08, 2022 in Houston, Texas. Consumer goods continue seeing shortages as the country grapples with ongoing supply chain issues stemming from the pandemic.
Food Prices are Finally Falling, With One Major Exception
Real Estate Agent sells a house
Down Payments for Home Purchases Fell in Q1 From A Year Earlier
Shoppers along 5th Avenue
Consumer Sentiment Plunges on Renewed Economic Worries
Approved Mortgage loan application with house key and rubber stamp
Mortgage Applications Jumped Last Week
Businessman working alone in office using digital tablet
Business Leaders See 1 in 3 Chance of ‘Full-Blown Financial Crisis’
Woman shopping at discount grocery store
A Money Mystery: What Happened To The Lowest Earners’ Pandemic-Era Cash Stash?
Warehouse workers transporting bulk goods
Producer Prices Rose Less than Expected in April
Street in City of London with Royal Exchange, Bank of England and new modern skyscrapers.
Bank of England Raises Rates to Highest Level Since 2008
Construction of Office Building
Fed Report Highlights Risk of Bank Exposure to Commercial Real Estate
Lower Manhattan Skyline
The New York City Economic Tracker: April 24, 2023
 A First Republic Bank customer uses an ATM on May 01, 2023 in San Francisco, California. Federal Regulators seized troubled lender First Republic Bank on Monday and sold all of its deposits and most of its assets to JPMorgan Chase. First Republic becomes the second largest bank in U.S. history to fail since Washington Mutual failed in 2008.
Here’s How Deposit Insurance Keeps Bank Accounts Safe—Even If Its Funding Runs Dry
Side view of a woman doing payment via smart phone while standing at fuel station
Gas and Vehicle Prices Fueled Stubborn Inflation in April
San Francisco Skyine
Rising Rates, Tighter Lending, Remote Work Squeeze Commercial Real Estate
A real estate agent puts a sold sign sign in front yard of a home.
Homebuyers' Confidence Improved in April by the Most in 2 Years
Loan manager with laptop meeting with client in bank branch office
Borrowing Will Get Tougher Before it Gets Easier, Banks Say
A real estate agent puts a sold sign sign in front yard of a home.
Tight Inventory Caused Homes to Sell Quickly in April
Banker with laptop meeting with client in bank branch office.
Banks Held Back On Hiking Deposit Rates. But Now The Pressure Is On.
People waiting in line at a career fair
Unemployment Mostly Remains Steady in April
Federal Reserve Board Chairman Jerome Powell delivers remarks at a news conference following a Federal Open Market Committee meeting on May 3, 2023 in Washington, DC. The Federal Reserve announced a 0.25 percentage point interest rate increase bringing the key federal funds rate to more than 5%, a 16-year high.
When Jerome Powell Speaks, Markets Shudder
mortgage applications approved
Mortgage Applications Dropped Last Week Even as Interest Rates Fell
Man reading paperwork in kitchen
Home Equity Declined in First Quarter for Many Americans
The Federal Reserve building is shown May 2, 2023 in Washington, DC. The Federal Reserve begins two days of meetings today to determine its next steps in relation to interest rates in an ongoing battle against reigning in inflation.
Fed Squeezes Inflation and Economy Harder With a Tenth—Possibly Final—Rate Hike
Houses and skyscrapers of the San Francisco financial district.
Here’s Where Prices For ‘Overvalued’ Homes Are Falling The Most
Worker exiting a trailer
Job Openings Kept Drying Up in March
Construction workers arranging rebar at construction site
Construction Spending Rose Slightly in March
worker on tablet controlling robot arm
AI, Green Energy Will Change Nearly A Quarter Of Global Jobs By 2027
Federal Reserve Chair Jerome Powell testifies before the Senate Banking Committee March 7, 2023 in Washington, DC. Powell spoke on the state of the U.S. economy and suggested that interest rates will need to stay higher for longer than expected in order to curb inflation
Fed Faces Pivotal Decision: When To Pause Interest Rate Hikes
A man walks past a First Republic bank in Manhattan on May 1, 2023 in New York City.
This Year's Bank Failures Eclipse 2008 Levels
United States Federal Reserve building, Washington DC
What If You Could Bank With the Federal Reserve?
An office sits empty.
Return To Office Plans: How about Never? Does Never Sound Good?
A man walks past a grocery store on February 01, 2023 in New York City. Wages for workers in most major U.S. cities grew at a slower pace in the final three months of 2022, with inflation still outstripping pay for many workers.
Inflation Makes Shoppers Cut Back On Everything But Necessities
A mother and daughter unload groceries in the kitchen.
Inflation Ticked Down in March
A real estate agent puts a sold sign sign in front yard of a home.
Limited Housing Supply Constrained Pending Home Sales in March
Male warehouse worker pulling a pallet truck at distribution warehouse.
Decelerating GDP Growth Adds to Signals of Growing Recession Risks
Home Sweet Home house in East Hampton
Hamptons Home Prices Surge Amid Inventory Shortage
Lower Manhattan Skyline
The New York City Economy Tracker: April 10, 2023
Three combines harvest wheat.
Crop, Food Supply Woes Complicate Central Banks' Inflation Fight
A real estate agent puts a sold sign sign in front yard of a home.
U.S. Home Price Growth Slowed in February, Leading to a Pickup in March Sales
The Federal Reserve building in Washington, D.C.
Fed's Mester Suggests Higher Interest Rates Ahead
Woman looking worried holding paperwork at home. She is reading a financial bill or a letter with bad news. She looks very stressed and upset. There is a laptop computer on the table.
Financial Well-Being Falls From a Year Ago
Family looking at house for sale
US Home Prices Fell by Most in Decade Last Month
A foreclosure sign stands in the yard of a red brick house.
Foreclosures Rise to Highest Since Pandemic Hit
Construction workers lift a house frame.
Single-Family Housing Starts Rose in March as Multifamily Fell
Businessman on the phone in a modern office
Banks' Lending Standards Are Tightening; Unemployment Could Be Close Behind
Father cooking breakfast for daughters in kitchen.
'Locked In': Homeowners Seeking to Sell Are Trapped by Their Low Mortgage Rates
USA, California, San Francisco, Federal Reserve Bank, low angle view with wide-angle lens
Emergency Bank Lending Drops for Third Straight Week after Crisis Measures
Image of OPEC building
OPEC Sees China Spearheading Global Increase in Summer Oil Demand
Amazon Fulfillment Centre Gets Busy For Black Friday Preparation
Wholesale Inflation Falls to the Lowest in Three Years as Energy Prices Tumble
Workstations in empty office
NYC Office Vacancies Hit Record, Gain in Other Metro Areas
Railroad apartment tenement building NYC
New York City Rents Rise to Records
Man with smart phone using ATM
Credit Card Debt Surpasses Excess Savings for the First Time Since 2020
Renewable energy turbine solar panel
Renewables' Share of Global Power Generation Hit a Record Last Year
A couple walks through the grocery store.
Inflation Rose Less Than Expected in March
U.S. Treasury Secretary Janet Yellen holds a news conference in the Cash Room at the Treasury Department on April 11, 2023 in Washington, DC.
Yellen: 'I'm Not Anticipating a Downturn in the Economy'