Macroeconomic data, trends, and policy developments.
Coverage of key economic indicators, central bank policy decisions, inflation trends, labor data, and growth signals. This category focuses on the macroeconomic forces that shape markets, interest rates, and long-term capital allocation.
7,192 total articles
Executives at major Wall Street banks described U.S. households as largely resilient, pointing to modest growth in consumer loan balances led by credit cards, steady spending across income groups, and broadly stable credit metrics. Banks flagged concerns about higher living costs for lower-income households and the inflationary impact of geopolitic…
Stripe and private equity firm Advent International have submitted a joint proposal to acquire PayPal at $60.50 per share, valuing the company at just over $53 billion. The offer, backed by roughly $50 billion of committed bank financing, represents a potential lifeline for PayPal and its Venmo business but is characterized as a relatively low bid …
Money market funds have shortened their weighted average maturities and shifted allocations toward floating-rate notes and repurchase agreements as uncertainty about the U.S. Federal Reserve's policy path persists. Data show funds reduced average maturities in July and moved cash into FRNs and repos, even as T-bill holdings were trimmed. Market sig…
The White House is considering a further extension of waivers to the Jones Act to allow foreign-flagged vessels to move goods between U.S. ports as renewed conflict with Iran lifts energy price and supply disruption concerns. Officials are debating whether to add geographic restrictions to any new extension, and agency leaders met this week to weig…
Brett Matsumoto, President Donald Trump’s nominee to direct the U.S. Bureau of Labor Statistics (BLS), was advanced by the Senate Health, Education, Labor and Pensions Committee in a party-line vote, bringing him closer to heading the agency responsible for key labor and inflation data. The committee also cleared two nominations to the National Lab…
A wide-ranging pickup in investment banking activity is underway at major U.S. banks, supported by a surge in IPOs, elevated merger volumes and strong debt issuance. Investment banking fees at the six largest U.S. banks rose sharply in the second quarter, while banks report fuller backlogs and renewed sponsor exits to public markets.
Federal Reserve Chairman Kevin Warsh told the Senate Banking Committee that price increases tied to artificial intelligence-driven investment are occurring but should not automatically be treated as inflation. He said supply responses and Federal Reserve actions will determine whether these price moves take on persistent inflationary character. War…
Ambassador-level negotiations held at the U.S. embassy in Rome concluded after two days with U.S. officials describing progress toward implementing a framework agreement that could see Israeli forces withdraw from parts of southern Lebanon in the coming days. The talks aim to operationalize a pilot zone arrangement agreed on June 26 that calls for …
Federal Reserve Chair Kevin Warsh told lawmakers he will prioritize the real economy and Main Street over Wall Street signals, calling conventional inflation measures "imperfect" and warning that surging demand for AI-related technology could push measured prices higher in the coming year. His testimony came as recent consumer and producer price re…
The International Monetary Fund's newly appointed director of strategy, Christian Mumssen, told policymakers they must sustain credibility in fiscal and monetary policy to preserve price stability as the global economy faces overlapping shocks, rapid technological change and a fracturing geopolitical order.
The International Monetary Fund's new director of strategy urged policymakers to preserve credibility in fiscal and monetary frameworks to keep prices stable amid a string of global shocks and rising uncertainty. Speaking at the Atlantic Council, Christian Mumssen pointed to the pandemic, cost-of-living crises, trade tensions and wars in Ukraine an…
A Republican-led House Budget Committee released a 47-page budget resolution proposing a $95 billion spending blueprint that includes $73 billion in new funds over 10 years for defense and intelligence, $10 billion to encourage states to adopt elements of the SAVE America Act, and $12 billion for agricultural initiatives. House leaders aim to pass …
The Bank of Canada left its policy rate unchanged at 2.25%, marking the sixth straight meeting without a change. Officials said the level of borrowing costs remains suitable to support recovery and bring inflation back to the 2% target, while flagging higher oil prices, refinery margins and a weaker Canadian dollar as near-term upward pressures on …
The Producer Price Index for final demand fell 0.3% in June, weighed down by a large drop in goods prices and energy costs. Annual wholesale inflation slowed to 5.5% year-on-year, while services prices edged higher. The report follows a separate government release showing a steep monthly decline in consumer prices, and comes amid renewed tensions i…
New York Federal Reserve President John Williams described current U.S. inflation as "unquestionably too high" but outlined several reasons why he expects inflation to have already peaked and to decline over the coming quarters. He identified recent tariff increases, supply chain disruption, energy price spikes tied to the Middle East war and stron…
A central bank report released Wednesday projects Uganda's fiscal deficit will narrow to 3% of GDP by the 2030/31 fiscal year, down from 6% of GDP in the current year. The improvement hinges on a new government debt strategy that shifts borrowing toward lower-cost external credit. The central bank also judged the public debt outlook to be at modera…
JPMorgan Chase, under Jamie Dimon’s long-running leadership, has pushed its market value close to $1 trillion following a record profit and a robust quarter for trading and investment banking. The bank’s size and diversified operations have amplified gains, yet reaching the milestone raises investor expectations and exposes the firm to potential vo…
M&T Bank reported higher net income for the second quarter, driven by growth in interest income and trust-related revenue. The bank recorded a wider net interest margin, increased loan balances, and a modest fall in provisions for credit losses, while mortgage banking revenue edged down. Net income available to common shareholders rose to $781 mil…
A Quaest survey commissioned by Genial and released on July 9 finds President Luiz Inacio Lula da Silva increasing his margin over Senator Flavio Bolsonaro ahead of the October presidential contest. The poll reports Lula leading in both a hypothetical second-round runoff and in a first-round multi-candidate alignment, while capturing recent politic…
U.S. officials are preparing to announce a 25% tariff on thousands of Brazilian imports after months of negotiations that Brazilian officials describe as unproductive. The measures, based on Section 301 authority, could hit more than 4,000 product lines and represent roughly $15 billion in annual trade. Brazil has rejected the U.S. allegations unde…
The Bank of Canada is expected to leave its policy rate unchanged as a recent rise in headline inflation—primarily tied to gasoline—has eased and economic output shows a mixed pattern, including a technical recession at the end of March followed by a strong rebound in April. Most forecasters and markets see little appetite for an immediate move in …
A tanker transporting Mexican crude for Cosmo Oil, a Cosmo Energy unit, is slated to reach Japan as soon as Friday, the Ministry of Economy, Trade and Industry said. The shipment, routed from the Gulf of Mexico via the Cape of Good Hope, will call at the Yokkaichi refinery in central Japan before going on to the Chiba refinery near Tokyo. It is the…
Bank of Israel Governor Amir Yaron told a Calcalist conference that the next Israeli government must stop the rise in public debt, address an enlarged defence budget, and increase investment in growth sectors such as education and infrastructure. He reiterated the need to integrate certain population groups into the labour force, signalled room for…
A St. Louis Federal Reserve analysis recommends redefining core Personal Consumption Expenditures (PCE) inflation to exclude only energy goods such as gasoline, rather than the broader set of food and energy items currently omitted. The change would include grocery and utility costs in the core measure, raise the share of consumer spending represen…
U.S. stock futures ticked higher after June inflation readings came in below expectations, reducing near-term rate-hike concerns. Investors digested a fresh wave of strong bank earnings and a bullish update from Dutch chip-equipment maker ASML, which lifted its 2026 revenue outlook. At the same time, heightened tensions in the Middle East - includi…
