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
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,...
Consumer sentiment just crashed to the lowest level in recorded history — and gas hit $4.55 the same week the president said prices “came down very substantially”
Americans have not felt this grim about the economy since the University of Michigan began asking them in the 1950s. The university’s consumer sentiment index,...
Oil crashed 15% on a reported Iran peace deal — gas is still $4.50 and the Strait of Hormuz is still closed
By energy desk staff | May 5, 2026 Brent crude dropped roughly 15% in a single week after reports of a diplomatic breakthrough between Washington...
Kevin Warsh’s Fed chair vote hits the Senate floor May 11 — four days before Powell’s term expires — and it was the first fully partisan committee vote for a Fed chair in history
No Federal Reserve chair nominee has ever reached the Senate floor on a purely partisan vote. Kevin Warsh is about to be the first. On...
Oil plunged 15% to $88 a barrel on Iran deal hopes — then bounced back above $100 because the Strait of Hormuz is still closed
On April 17, Brent crude collapsed roughly 15 percent in a single session, dropping to about $88.90 a barrel after reports circulated that a diplomatic...
Oil crashed 15% in a single session after Axios reported a 14-point deal to end the Iran war — but gas is still $4.50 and the Strait of Hormuz is still closed
On Tuesday, May 19, 2026, energy markets did something they had not done since the early weeks of the Iran conflict: they collapsed on hope....