Economy & The Fed
Federal Reserve decisions, inflation data, interest rates, GDP, employment reports, recession indicators, and the broader economic picture.
Latest in Economy & The Fed
Warsh Fed hearing shifts 2026 rate-cut bets, rattling portfolios
Warsh Fed hearing shifts 2026 rate-cut bets, rattling portfolios Kevin Warsh sat before the Senate Banking Committee on April 21, 2026, and delivered a five-word...
Goldman CEO David Solomon warns on $40T debt as rates stay high
Goldman Sachs CEO David Solomon warned last October that the United States is “heading for a debt reckoning if growth flags.” In the months since,...
China tops the U.S. in research spending, reshaping global innovation
China spent roughly $500 billion on research and development in 2024, a sum so large it now rivals or exceeds what the United States invested...
U.S. business formations hit record levels as startup filings surge
Americans filed more applications to start new businesses in the first quarter of 2026 than in any comparable period since the U.S. Census Bureau began...
Economists lift U.S. inflation forecasts as Iran war keeps oil high
Economists lift U.S. inflation forecasts as Iran war keeps oil high When the Bureau of Labor Statistics published its March 2026 Consumer Price Index report...
IEA chief calls the Iran oil crisis “the biggest energy security threat in history” — 13 million barrels per day are gone with no fix in sight
Fatih Birol does not reach for superlatives lightly. The International Energy Agency’s executive director has navigated oil shocks from Libya to Russia without once labeling...
Trump’s economic approval just hit the lowest point of both his terms — 39% approve, and even Republican support dropped 17 points
Fewer than four in ten Americans now approve of how Donald Trump is handling the economy, and the most striking erosion is coming from inside...
Trump’s Fed chair pick Kevin Warsh tells senators he won’t be the president’s “sock puppet” — but his confirmation is already stalled
Kevin Warsh looked directly at the senators who will decide his future and made a promise: he would not be President Trump’s “sock puppet” on...
Trump’s approval on the economy just hit 30% — the lowest of his presidency — as gas prices and the Iran war erode confidence
A gallon of regular gasoline now averages roughly $4.50 nationally, with prices running even higher in some metro areas. A military campaign against Iran is...
What Kevin Warsh’s “regime change” at the Fed actually means for your mortgage, your savings, and the next rate decision
The next Federal Reserve (Fed) chair has already told the Senate that he will not promise cheaper borrowing costs for consumers. The extent to which...
Consumer sentiment holds near 74-year low at 47.6 — and 51% of Americans now call gas prices a “financial hardship”
Americans are not just pessimistic this spring. They are historically pessimistic. The University of Michigan’s preliminary Index of Consumer Sentiment fell to 47.6 in April...
Uber just invested $500 million in Lucid and committed to 35,000 robotaxis — here’s what that means for ride prices and gig drivers
Somewhere in San Francisco right now, an Uber driver is sitting in traffic, watching a Waymo robotaxi glide past with no one behind the wheel....
Iran re-closes the Strait of Hormuz after U.S. Navy seizes cargo ship — oil jumps 6%, gas hits $4 nationally
The Strait of Hormuz is shut again. Hours after the U.S. Navy seized an Iranian-flagged cargo ship near the narrow waterway that carries roughly a...
Iran re-closes the Strait of Hormuz — oil jumps 7% and gas hits $4.05, just days after saying it was “completely open”
The ceasefire in the Strait of Hormuz lasted barely a week. On a day when Iran’s foreign minister was still being quoted around the world...
The White House says Americans are keeping more of what they earn — but consumer confidence just hit a 74-year low
The IRS says the average tax refund this spring is $3,571. The White House used Tax Day to declare that “Americans are keeping more of...
Consumer confidence just hit its lowest point in 74 years — worse than the 2008 crash, worse than COVID
The last time American consumers felt anything close to this pessimistic, the country was in the grip of the worst financial crisis since the Great...
Iran declares Strait of Hormuz open — oil plunges 10%, but don’t expect cheap gas anytime soon
On a single day in late April 2026, Iran’s foreign minister told the world the Strait of Hormuz was “completely open” for commercial shipping. Within...
Gold hits $4,819 per ounce — here’s what’s driving the safe-haven rally in 2026
On the afternoon of March 18, 2026, minutes after Federal Reserve Chair Jerome Powell finished his post-meeting press conference, gold futures on COMEX blew past...
Weekly jobless claims drop 11,000 to 207,000 — labor market holds steady amid layoff headlines
New unemployment filings fell to 207,000 for the week ending April 11, 2026, the Department of Labor reported Thursday, a drop of 11,000 from the...
Citadel’s Ken Griffin: “The world’s going to end up in a recession” if Hormuz stays shut 6–12 months
Ken Griffin, the billionaire founder of hedge fund giant Citadel, warned in mid-April 2026 that a prolonged closure of the Strait of Hormuz would drag...