Japan Falls to Fourth-Largest Economy Amid Unexpected Recession
Economy
Sharp Decline in January US Retail Sales Signals Economic Caution
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UK Economy Enters Recession, Challenging Sunak's Growth Pledge
"The United Kingdom's economy has officially entered a recession, marking a significant downturn and the weakest annual growth since the aftermath of the 2008 financial crisis, excluding the pandemic-impacted year of 2020. -
January Sees Unexpected Rise in Consumer Prices, Challenging Fed's Inflation Outlook
"consumer prices in January witnessed a rise that exceeded expectations, primarily driven by persistent increases in shelter costs.
The Latest
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White House’s Phelan Sees No More Fed Rate Hikes This Year After 29,000-Job Report
White House chief economist Chris Phelan said he expects no further Federal Reserve interest-rate increases this year, arguing that slowing inflation and September's weak hiring figures undermine the case for additional tightening after last month's quarter-point hike. 
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September Hiring Misses Forecasts as U.S. Revises Away 60,000 Jobs
The U.S. economy added 29,000 jobs in September, falling well short of forecasts as unemployment rose to 4.2% and downward revisions erased 60,000 jobs from previous months, according to Bureau of Labor Statistics figures released Friday. 
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Kevin Warsh Signals More Fed Tightening After First Rate Hike in 3 Years, Says Inflation Hasn’t ‘Meaningfully Improved’
Federal Reserve Chair Kevin Warsh delivered a hawkish message Wednesday after the central bank raised interest rates for the first time in three years, warning that recent inflation data haven't provided convincing evidence that underlying price pressures are easing and leaving the door open to another increase this year. 
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U.S. Core Inflation Rises 0.3% in August, Putting Fed Rate Hike Back in Focus
U.S. underlying inflation rose more than expected in August, giving the Federal Reserve fresh evidence of persistent price pressures just days before officials meet to decide whether to raise interest rates as an energy shock from the Middle East pushes oil prices above $100 a barrel. 
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JPMorgan Analyst Warns Treasury Bond Buybacks Only Delay Problem as U.S. Debt Tops $40 Trillion
The Treasury Department's effort to accelerate purchases of longer-term U.S. government debt may temporarily ease strains in the bond market but won't resolve the growing imbalance between record borrowing and investor demand, according to a senior JPMorgan analyst. 
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U.S. National Debt Tops $40 Trillion for First Time as Interest Costs Surge Past $1 Trillion
The U.S. national debt crossed $40 trillion for the first time Thursday, marking a more than doubling of federal borrowing in less than a decade and intensifying concerns about rising interest costs and Washington's approach toward its next debt-ceiling deadline. 
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U.S. National Debt Nears $40 Trillion Months Early as Interest Costs Top $1 Trillion
The U.S. national debt is approaching $40 trillion months earlier than Washington had expected, as faster federal borrowing, lost tariff revenue and elevated interest rates intensify pressure on the government's finances. Treasury Department data released Monday showed total debt had already reached roughly $39.9 trillion, putting the historic threshold within reach this week. 
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U.S. Wholesale Prices Hold Flat in July, Boosting Odds Fed Keeps Rates Steady
U.S. wholesale prices were unchanged in July, coming in below economists' expectations and adding to evidence that inflation pressures may be easing enough for the Federal Reserve to leave interest rates unchanged at its next meeting. The Bureau of Labor Statistics report also showed underlying producer prices rising less than forecast, prompting traders to increase bets on a Fed hold. -
More Than 1 in 3 Working-Age Americans Used Credit Cards for Groceries as Household Debt Pressure Builds
More working-age Americans are relying on credit cards to pay for groceries as elevated food prices continue to strain household budgets, according to a new Urban Institute survey. The findings suggest that many families are increasingly using revolving credit for essential purchases, raising concerns among financial experts about the long-term cost of carrying those balances. 
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U.S. Growth Slows Below Expectations While 30-Year Treasury Yield Nears 2007 Highs
The U.S. economy expanded at a weaker-than-expected 1.5% annualized rate in the second quarter, even as consumer spending accelerated and underlying inflation remained well above the Federal Reserve's 2% target. The Commerce Department data added to an uneven economic picture confronting Fed Chair Kevin Warsh, whose central bank held interest rates steady at 3.5% to 3.75% while acknowledging continued uncertainty tied partly to the conflict in the Middle East. 
