Stalled tanker traffic at the Strait of Hormuz has disrupted the global oil market, and stock investors have yo-yoed along with mixed signals from Washington, D.C.
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As the U.S. economy contracts, consumer confidence weakens and we await the impact of tariffs, millions of student loan holders must redirect their income to payments. Pete Dunn helps us get a footing in this economic limbo.
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Excluding volatile food and energy costs, so-called consumer core prices rose 2.8% from April 2025, a relatively modest reading that suggest the energy price burst has yet to spill over more broadly into other prices.
Nearly half of American business economists who responded to a survey by the National Association for Business Economics say that the conflict has negatively impacted their operations.
The recent uptick in hiring raises hopes that the job market will break out of a recent rut – in which Americans who have jobs are relatively secure from layoffs but jobseekers struggle to find work.
International Energy Agency Executive Director Fatih Birol painted a sobering picture of the global repercussions of what he called “the largest energy crisis we have ever faced,” stemming from the pinch-off of oil, gas and other vital supplies through the Strait of Hormuz.
The latest number was marked down from the Commerce Department’s previous estimate of 0.7% fourth-quarter growth.
The report showed signs that employers had begun to regain confidence in stable business conditions following the volatile policy swings of the first year of the second Trump administration.
Ongoing strikes and counterstrikes on Persian Gulf refineries, pipelines, gas fields and tanker terminals threaten to the prolong the global economic pain for months, even years.
The U.S. economy, hobbled by last fall’s 43-day government shutdown, advanced at an unexpectedly sluggish rate from October through December, the Commerce Department reported Friday.
Speakers at IBJ’s Technology Power Breakfast, including Purdue University President Mung Chiang, talked about the changes that artificial intelligence is bringing and what people can do to be ready.
Should the conflict wind down in a week or two, its economic effects would be minor and short-lived, economists say.
The story the Trump team is telling — that a visionary Federal Reserve chair, Alan Greenspan, fueled the 1990s boom by keeping interest rates low — is incomplete at best.
The 191-country lending organization’s assessment of the world’s biggest economy was mostly positive.
Home Depot and other retailers have seen customers cut back on their spending amid concerns about inflation and economic uncertainty.
The measure of Americans’ short-term expectations for their income, business conditions and the job market rose four points, to 72.
Federal Reserve governor Christopher Waller also said that the Supreme Court’s decision to strike down many of Trump’s tariffs would likely have only a limited impact on the economy and inflation, and therefore wouldn’t affect his view on rates.
The figures point to a more modest pace of growth in the coming quarters, as consumers take on more debt and cut back on saving to maintain their spending.
Without health care and related jobs, the United States would have nearly 400,000 fewer jobs than it did a year ago, according to Labor Department figures through January.
Sales had their biggest annual and monthly drop in the West, which wasn’t as affect by last month’s winter storm as the other regions of the country.
Notably, the Congressional Budget Office says higher tariffs partially offset some of those increases by raising federal revenue by $3 trillion, but that also comes with higher inflation from 2026 to 2029.
The report, issued by the Commerce Department on Tuesday, surprised economists who were looking for growth despite concerns about slowing job growth and other economic headwinds.
