Shoppers gather at New Market in Kolkata, India, on September 21, 2026, ahead of the Durga Puja festival. Nurphoto | Nurphoto | Getty Images India’s headline inflation rose to 5.54% in September from 4.82% in August, adding pressure on the country’s central bank to further tighten monetary policy. The consumer price index print was slightly above…
IMF Chief Kristalina Georgieva warned AI is hitting the global labor market like a “slow-moving tsunami,” with young workers entering the job market the most exposed. Source link
The ability of U.S. families to stay current on their debts worsened over the past three years, hitting levels not seen since the aftermath of the global financial crisis, the Federal Reserve reported Friday. In the central bank’s Survey of Consumer Finances, researchers found that while wealth disparities narrowed somewhat, the ability to meet debt…
Judy Shelton, whose controversial economic ideas led the Senate to block her nomination to the Federal Reserve, has been appointed a counselor to Treasury Secretary Scott Bessent. The Treasury said Shelton will advise Bessent on currency policy, “with a particular focus on evaluating financial conditions in China.” Shelton is not known as a China expert….
President Donald Trump speaks about his new tariff plan at the White House, in Washington, April 2, 2025. Brendan Smialowski | Afp | Getty Images The cost of many everyday items would have declined last year and early this year without President Donald Trump‘s tariffs, according to the New York Federal Reserve. The cost of…
Gas prices exceeding $4.70 per gallon are displayed at an Exxon gas station in Alexandria, Virginia, on Oct. 2, 2026. Mehmet Eser | Anadolu | Getty Images Inflation fears intensified in September, pushing the near-term outlook in the New York Federal Reserve’s monthly survey to its highest level in nearly 3½ years. The central bank’s…
Protestors march during a “Nationwide Shutdown” demonstration against ICE enforcement on Jan. 30, 2026 in Minneapolis, Minnesota. Stephen Maturen | Getty Images MINNEAPOLIS — Operation Metro Surge has been over for months. The same can’t be said for the crisis facing Daniel Hernandez’s Colonial Market grocery stores. After Hernandez’s parking lot became a well-known hangout…
The Reserve Bank of India on Wednesday raised interest rates for the first time since 2023, joining several major central banks in tightening monetary policy to arrest accelerating inflation. The central hiked the benchmark repo rate by 25 basis points to a 1-year high of 5.50%, in line with expectations of economists polled by Reuters….
Trucks move goods in a shipping container next to large stacks of shipping containers and cranes at the Port of Long Beach Wednesday, Aug. 26, 2026. Allen J. Schaben | Los Angeles Times | Getty Images The U.S. trade deficit widened sharply in August amid an influx of goods related to the artificial intelligence buildout…
South Korea has found increased attempts to disguise foreign products as Korean exports, primarily from China, to avoid U.S. President Donald Trump’s sweeping tariffs, its customs agency said on Monday. Insung Jeon | Moment | Getty Images The World Bank has raised its growth forecast for the East Asia and Pacific region on the back…