Economy News Economy Relatively Strong Despite High Interest Rates

No recession risk for US economy as a whole after $11 billion shutdown hit, Bessent says

Treasury Secretary Scott Bessent on Sunday said the 43-day government shutdown caused an $11 billion permanent hit to the U.S. economy, but he was optimistic about growth prospects next year given ... Read More

Here’s what the latest inflation and spending data reveals about the US economy

The figures show that consumer spending, the lifeblood of the US economy, was somewhat weak heading into the current quarter, which stretches from October through December. In September, employers ... Read More

Sharp disagreements over economy threaten Federal Reserve interest rate cut

What was once seen as a near-certain cut in interest rates next month now looks more like a coin flip as Federal Reserve officials sharply disagree over the economy’s health and whether stubborn ... Read More

Interest rates will fall in 2026. But will bond yields fall, too?

The world’s public finances look ever more perilous. Advanced economies’ debt-to-GDP ratios are projected to exceed 110% in 2026 ... Read More

High interest rates may have caused housing recession, Bessent says

Parts of the US economy, particularly housing, may already be in recession because of high interest rates, Treasury Secretary Scott Bessent said Sunday, repeating his call for the Federal Reserve to ... Read More

How can the Fed be cutting interest rates again with inflation running so high?

Consumer-price inflation is at 3%, well above the Federal Reserve's target Federal Reserve Chair Jerome Powell speaks at a news conference in September. The Federal Reserve is almost universally ... Read More

U.S. economy speeds up despite shutdown, but tariffs weigh on exports and business confidence

The U.S. economy is still growing during what's been a very turbulent year. The most recent obstacle has been a long government shutdown. The U.S. economy sped up in October during the ongoing ... Read More

Australian unemployment rate drops in October after shock September rise

The unemployment rate has plummeted in October as 42,000 Australians find a job. The latest figures from the Australian Bureau of Statistics show the unemployment rate has dropped to 4.3 per cent. The ... Read More

Federal Reserve cuts key interest rate in bid to boost job market

The Federal Reserve on Wednesday cut its benchmark interest rate for the second time this year as it seeks to boost economic activity and rejuvenate the sluggish labor market despite concerns about ... Read More

Poland’s economy remain resilient as złoty becomes one of the strongest emerging-market currencies

Poland’s economy remains resilient, and the złoty has become one of the strongest emerging-market currencies since early 2025. The EUR/PLN rate has shown low volatility and is expected to remain near ... Read More

Some ‘good news’ for mortgage borrowers despite base rate left on hold

Mortgage borrowers can still take some cheer from a raft of lenders chopping fixed rates – despite the Bank of England base rate remaining on hold on Thursday, experts have said. Despite the base rate ... Read More

Not just vibes: These economic indicators raise concerns about Minnesota’s economy

Minnesota’s marquee economic indicators such as unemployment still appear strong, but under-the-hood, economists see signs of stress. Read More