Goldman Sachs links weak consumer sentiment to broader pessimism
Goldman Sachs says lower reported happiness and institutional trust may help explain weak US sentiment alongside inflation and tra...
By Sarah Jenkins 2 weeks agoSection
Economics
Iran war household cost estimated at $1,760, Moody’s Analytics says
Moody’s Analytics estimates higher energy, borrowing and military costs have added $1,760 per U.S. household since the conflict be...
By Sarah Jenkins 2 weeks ago
Bank of England rate decision keeps Bank Rate at 3.75%
The Bank held at 3.75%; the Wall Street Journal said most policymakers saw little sign energy costs had spread to everyday prices.
By Sarah Jenkins 2 weeks ago
BOJ rate hike sees yen fall as Japan markets read a less-hawkish signal
Japan’s yen weakened, bond yields fell and stocks rose after a BOJ rate increase that analysts said offered limited evidence of fa...
By David L. Chen 2 weeks ago
UK inflation in August 2026 rises to 3.1% as fuel costs climb
UK CPI inflation rose from 2.9% to 3.1% in August, led by sharply higher petrol, diesel and long-haul airfares.
By Sarah Jenkins 2 weeks ago
Inflation outpacing wage growth cuts into US purchasing power
US consumer prices rose 3.4% in August as average hourly earnings increased 3.1%, according to figures reported by CNBC.
By David L. Chen 3 weeks ago
Cyclospora outbreak over after record U.S. lettuce-linked illnesses
CDC says the 21-state outbreak tied to recalled iceberg lettuce is over, while FDA continues examining how the contamination occur...
By David L. Chen 3 weeks ago
Kevin Warsh faces divided Fed vote before expected rate hike
Markets heavily priced a September Fed increase, but July’s 9-3 hold and differing views on inflation left Kevin Warsh with uncert...
By Sarah Jenkins 3 weeks ago
China August imports rise 28.2% but fall short of forecasts
China’s imports rose 28.2% in August, below a Reuters poll forecast, as export growth lifted the monthly trade surplus to $119.09b...
By Sarah Jenkins 4 weeks ago
U.S.-Canada import ban to cover alcohol, whey and motorcycles from Sept. 29
Washington will bar specified Canadian goods from Sept. 29 while separately revising its 50% tariff list on Sept. 15.
By David L. Chen 4 weeks ago
Canada retaliatory tariffs 2026 take effect on CA$27.6bn of U.S. imports
Canada has imposed 15% to 50% duties on selected U.S.-origin imports, matching U.S. tariff rates after trade talks broke down.
By Sarah Jenkins 4 weeks ago
Trump presses Fed against possible September rate hike
The White House has urged the Fed to avoid raising rates as markets price a possible September move and Kevin Warsh stresses infla...
By David L. Chen 1 month ago