US braces for inflation report that may push Fed to hike rates
A hot consumer inflation report could push the Federal Reserve to hike interest rates, a move sure to…
OpenAI’s Chief Economist on What It Takes to Study AI’s Impact on Work
At OpenAI, understanding AI’s impact on jobs is a job in itself. Employees on the company’s economic research…
Inflation tipped to rise despite falling fuel prices
A lot is riding on upcoming inflation numbers as they help dictate the direction of the next interest…
Strong US job growth beats expectations in May, firming recent gains
The leisure and hospitality industry added 70,000 jobs in May, well above its average monthly gain over the…
Indonesian rupiah falls to record low against US dollar
The rupiah hit its weakest level on record against the dollar (BAY ISMOYO) · BAY ISMOYO/AFP/AFP Indonesia’s rupiah…
Australia’s most overvalued housing markets revealed in new data
Australian capital cities that appear most “overvalued”, and potentially more vulnerable to the nation’s housing reckoning, have been…
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Goldman Sachs thinks the odds of a recession have come down. Loading audio narration… The Iran war remains…
Spring homebuying season is poised for ‘modest gains’. Will inflation and job market fears get in the way?
This spring is supposed to be when the housing market finally begins to thaw out of its three-year-long…
Europe’s Economy Can Ride Out Iran War — If Over in a Month
(Bloomberg) — The next four weeks will determine whether Europe’s economy is facing a fresh crisis or simply…
Top analyst warns the economy is figuring out how to grow without creating new jobs, leaving a major vulnerability
Last summer, Bank of America Research predicted a “sea change” in the economy as companies showed increasing signs…
Americans have a new thing to worry about: A stuck job market with no quick fix
The latest jobs report had its share of shutdown-related quirks, but a familiar theme cut through the noise:…
Japan’s Households Boost Spending Despite Inflation Hit
A shopping street in Tokyo. Photographer: Toru Hanai/Bloomberg (Bloomberg) — Japan’s household spending rose for a fifth month,…