Government shutdown will cost economy up to $14 billion
Digest more
Fed cuts interest rate by a quarter point
Digest more
In the midst of mass layoffs in corporate America, the national debt setting new records, and the uncertainty of AI - where is this economy headed? Andrew Ross Sorkin discusses his new book, "1929," about the stock market crash and the lessons it teaches us about the modern economy.
Federal Reserve Chairman Jerome Powell said that a lack of key data due to the government shutdown will cause the central bank to be cautious until it has a clearer view of the economy.
Fed Chair Jerome Powell said the U.S. economy is growing at a slower pace this year. Powell said the Fed staff sees economy growing at a 1.6% annual rate, down from a 2.4% rate in 2024. "We've still got an economy growing at a moderate pace,
Family size around the world is dropping. That choice by couples is triggering a population shift that's sending shock waves through economies.
"Today, the Bank lowered the policy interest rate a further 25 basis points, bringing it to 2¼%. This was our second straight cut, and reflects ongoing weakness in the economy and contained inflationary pressures. "Today we also published our outlook for the Canadian economy.
Yields in U.S. government debt popped after Wednesday's post-meeting statement from the Federal Reserve amid concerns that the central bank's latest interest-rate cut may reinflate the economy. Data f
Many older Americans are financially comfortable, but they worry their adult children won’t achieve the same kind of economic stability.
The fate of the global economy hangs in the balance as President Trump and China's Xi Jinping prepare to meet in South Korea.