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
Zero rate cuts are priced in for all of 2026 — and Goldman Sachs says the Fed won’t move until 2027
The Federal Reserve held interest rates steady at its March 17-18, 2026, meeting, and the updated economic projections that accompanied the decision delivered a message...
Trump rejected Iran’s peace deal as “totally unacceptable” — oil jumped above $101, gas hit $4.52, and Kalshi traders now put 62% odds on $5-a-gallon fuel this year
President Donald Trump killed the latest attempt at a ceasefire with Iran this month, calling Tehran’s proposal “TOTALLY UNACCEPTABLE!” on social media. Within hours, Brent...
The April CPI print tomorrow could show 3.7% inflation — the hottest annual reading in two years — and nearly all of it traces back to $4.52 gas
Fill up a mid-size SUV in Los Angeles right now and the receipt will top $85. Do the same thing in Houston and you will...
Jobless claims just fell to 189,000 — a number the U.S. hasn’t seen since Nixon was president in 1969
In the final week of April 2026, just 189,000 Americans filed for unemployment benefits for the first time. The last time the number was that...
The “K-shaped economy” is back in the data — more Americans are superprime (780+ credit score) or subprime (below 600), and the middle is hollowing out
The share of Americans with credit scores at the top and bottom of the spectrum is growing, while the middle tiers are losing ground. That...
The April CPI report drops tomorrow morning — economists expect 3.7% inflation, the highest annual reading since early 2024, driven almost entirely by gas
The April CPI report drops tomorrow morning – economists expect 3.7% inflation, the highest annual reading since early 2024, driven almost entirely by gas Americans...
Consumer sentiment just hit its lowest point since 1952 — and the S&P 500 set a record high the same week
A single week in May 2026 produced two numbers that, placed side by side, feel almost contradictory. On one end, a survey of American households...
The Senate voted 49-44 tonight to advance Kevin Warsh as Fed chair — the man who once called for “regime change” at the central bank is now one vote from running it
By a margin of five votes, Kevin Warsh survived the toughest test between him and the most powerful economic job in the world. The Senate...
Consumer confidence crashed to the lowest level since 1952 — one-third of Americans told surveyors the first thing on their mind was gas prices
The last time American consumers felt this bleak about the economy, Dwight Eisenhower had not yet taken office. The University of Michigan’s preliminary Index of...
The Senate votes on a new Fed chair this week — he hasn’t committed to a single rate cut, and borrowers shouldn’t expect one in 2026
A 30-year mortgage still costs roughly 6.9%. The average credit card charges north of 20% interest. And the man about to become the most powerful...
Oil dropped 6% this week to $101 a barrel on ceasefire hopes — but the Strait of Hormuz is still closed, 14 million barrels a day are still disrupted, and 23,000 sailors are still stranded
Somewhere in the Persian Gulf, aboard tankers and cargo ships that have barely moved in weeks, roughly 23,000 civilian sailors are waiting, according to Secretary...
The Buffett Indicator just hit 232% of GDP — the highest reading ever recorded — and Warren Buffett himself said anything above 200% means you’re “playing with fire”
Warren Buffett has been selling stocks for two straight years, and he is not being subtle about it. By the end of the first quarter...
Nvidia pumped $40 billion into AI companies this year — $30 billion to OpenAI alone — and critics say it’s a circular deal where Nvidia funds its own customers to buy more Nvidia chips
Nvidia has committed roughly $40 billion to artificial intelligence companies in 2026, with an estimated $30 billion flowing to a single recipient: OpenAI. The chipmaker’s...
Consumer sentiment just crashed to the lowest level in 74 years of tracking — and gas hit $4.55 the same week the stock market hit an all-time high
The S&P 500 closed at a record high on Friday, May 8, 2026. That same week, the University of Michigan reported that American consumers feel...
Warsh told senators he won’t be the president’s “sock puppet” — his confirmation vote next week will be the first fully partisan one for a Fed chair in modern history
Kevin Warsh looked across the dais at the Senate Banking Committee on April 14 and made a promise: he would not serve as a “sock...
Bitcoin slid below $80,000 after Iran rejected the U.S. deal — and the strong jobs report gave the Fed another reason to keep rates high
Bitcoin slid below $80,000 after Iran rejected the U.S. deal and the strong jobs report gave the Fed another reason to keep rates high. The...
Over 92,000 tech workers have been laid off in 2026 — and almost half the cuts explicitly cited AI as the reason
Jack Dorsey did not soften the message. In his spring 2026 shareholder letter, the Block CEO wrote that “intelligence tools have changed what it means...
Kevin Warsh is expected to be confirmed as Fed chair next week in the most partisan vote for the position in modern history — Powell’s term expires May 15
Kevin Warsh cleared the Senate Banking Committee on April 29 without a single Democratic vote, advancing toward the Fed chair on a 13-to-11 party-line split...
The April jobs report crushed estimates — 115,000 jobs vs. 65,000 expected — but white-collar sectors keep shedding workers, and AI may be the reason why
Hospitals kept hiring. Warehouses kept hiring. Retail floors kept hiring. And for the 115,000 Americans who landed nonfarm payroll jobs in April 2026, the labor...
The S&P 500 just hit a record 7,399 — while consumer confidence crashed to its lowest point in 74 years of tracking
The S&P 500 closed at a record 7,398.93 on May 8, 2026, pushed higher by a strong April jobs report and broad buying across technology,...