Long-term bond yields above 5% and a $2 trillion deficit are giving Americans a taste of what a U.S. debt crisis would be like. A true emergency would hurt much more, and isn’t baked in. But with the midterms poised to lock in divided government for two years, it isn’t clear what will take the…
European Union flags flutter outside the EU Commission headquarters in Brussels, Belgium, on Feb. 1, 2023 Yves Herman | Reuters BEIJING — China intends to keep exporting rare earths to Europe regardless of whether a U.S. trade deal with Beijing gets extended past January. The world’s second-largest economy is willing to continue approving rare earth…
The U.K. economy grew by a better-than-expected 0.1% in the month to August, with production growth offsetting weak output in services and construction. Economists polled by Reuters had been expecting GDP to shrink by 0.1% between July and August. But the reading still marked a slowdown in momentum for British gross domestic product, which grew…
Bags of candy are displayed on a store’s shelves on April 21, 2026, in Miami, Florida. Joe Raedle | Getty Images U.S. consumers are in the midst of one of the longest stretches of elevated inflation of the past century. Some are beginning to act like it’s a new normal, raising alarm bells for members…
September brought little relief to the accelerating cost of living, as consumer prices increased again and kept the inflation rate well above the Federal Reserve’s goal. The consumer price index, a broad measure of goods and services costs across the U.S. economy, rose a seasonally adjusted 0.6% for the month, putting the 12-month rate at…
Eli Remolona, governor of the Bangko Sentral ng Pilipinas, during the International Monetary Fund (IMF) and World Bank Spring meetings at the IMF headquarters in Washington, DC, US, on Friday, April 25, 2025. Bloomberg | Getty Images BANGKOK — The Philippine central bank is planning for a “Godzilla” El Niño on top of a prolonged…
Customers shop at a grocery store on Sept. 10, 2026 in Chicago, Illinois. Scott Olson | Getty Images Wednesday’s closely watched reading on consumer prices could show intensifying inflationary pressures as energy costs keep climbing. Economists polled by Dow Jones expect the headline consumer price index for September to rise 0.6% for the month and…
France’s parliament begins debate on the 2027 budget Tuesday as high deficits, rising debt and student protests sharpen the political cost of fiscal consolidation. The euro zone’s second-biggest economy is barreling toward a debt crisis, and risks dragging the continent down with it, unless it sustainably brings down its national deficit, according to many market…
A motorcycle rides past a banner ahead of the annual meetings of the International Monetary Fund (IMF) and the World Bank Group at the Queen Sirikit National Convention Center in Bangkok, Thailand, on October 10, 2026. Nurphoto | Getty Images BANGKOK — The International Monetary Fund has raised its forecast for global economic growth this…
Robert E. Hall and Michael Woodford were on Monday awarded the Nobel prize in economics for work that underpins the models used by central banks and governments to “smooth out” periods of boom and bust. The U.S.-born pair were jointly awarded for their contribution to the “microeconomic foundations” that contribute to macroeconomic stability. The Sveriges…