AI could cause quiet labor market
Kevin Hassett, director of the National Economic Council, speaks during an Economic Club of Washington event in Washington,…
Japan’s GDP drops as tariffs bite and domestic demand flags
Japan’s real gross domestic product declined at an annualized rate of 1.8% in the three months through September,…
A slowing wartime economy pushes the Kremlin to tap consumers for revenue
After two years of robust growth fueled by military spending on the war in Ukraine, Russia’s economy is…
What the Bank of Canada’s new outlook means for your wallet — and how to take back control
The Bank of Canada’s latest Quarterly Financial Report, released mid-November, doesn’t grab headlines the way a rate announcement…
US Card Spending Rises Most Since Early 2024, BofA Data Show
US credit and debit-card spending climbed in October from a year earlier by the most since early 2024,…
Car Loan Delinquencies Hit Record For Riskiest Borrowers – Bloomberg.com
Car Loan Delinquencies Hit Record For Riskiest Borrowers Bloomberg.comAmericans Are More Upside Down on Car Loans Than Ever —…
BOK’s Rhee Says Policy Moves Including Direction Depend on Data
Bank of Korea Governor Rhee Chang Yong signaled that while the central bank remains in an easing cycle,…
Hassett Says Lost October Data Means ‘Cloudy’ Economic Outlook
White House National Economic Director Kevin Hassett said the record-long government shutdown means that some of the economic…
Booming Gold Prices Are Hiding China’s Deflationary Pain for Now
Gold is a traditional hedge against inflation for investors but in China surging bullion prices are having the…
Fed’s Daly Says Need to Avoid Mistake of Holding Rates Too Long
Federal Reserve Bank of San Francisco President Mary Daly said the US economy is probably suffering a downturn…
RBA’s Hauser Says Economy’s Capacity Limits Challenge Policy
Australia’s monetary policy is being challenged by an apparent lack of spare capacity in the economy, Reserve Bank…
NY Fed Prez Warns Affordability Pressures Threaten Economy
A leading Federal Reserve official warns that problems of poorer Americans could threaten economic growth. In an interview…