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Economy

Stay informed with the latest updates on global and local economies, covering growth trends, market shifts, and policies that shape financial landscapes.

Fed holds interest rates steady, pausing rate cuts amid economic uncertainty

  • January 28, 2026
  • 7:00 PM

Federal Reserve policymakers left interest rates unchanged at its January meeting after cutting rates at its three prior meetings amid uncertainty over the labor market and inflation.

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Fed expected to pause rate cuts after 3 straight reductions amid uncertainty over jobs, inflation

  • January 27, 2026
  • 10:35 PM

Federal Reserve expected to hold interest rates steady in the 3.5%-3.75% range as FOMC navigates inflation concerns and softening job market in first 2026 meeting.

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Coal plants step up as historic winter storm pushes US power grid to the brink

  • January 26, 2026
  • 10:58 PM

Winter Storm Fern has caused hundreds of thousands of power outages, though the electric grid has remained stable in part due to coal power plants boosting supply.

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Trump says he’s ‘not a huge fan’ of 401(k) withdrawal plan for homebuyers’ down payments

  • January 23, 2026
  • 9:34 PM

Trump says he's "not a huge fan" of letting homebuyers tap 401(k) retirement accounts for down payments, citing strong account performance amid market's rise.

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Nvidia CEO says AI boom will create ‘six-figure’ construction jobs

  • January 23, 2026
  • 5:21 PM

Jensen Huang calls AI infrastructure development the "largest buildout in human history," creating massive job opportunities and wage growth for skilled trades workers.

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FDA upgrades cookie recall to highest danger level over undeclared peanuts

  • January 23, 2026
  • 4:37 AM

The FDA upgraded the Gregory's Foods cookie dough recall to its most serious risk category over the potential presence of undeclared peanuts.

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Elon Musk says Tesla will likely sell humanoid robots by end of next year

  • January 22, 2026
  • 10:23 PM

Elon Musk said Tesla's Optimus humanoid robots could be available for public purchase by the end of 2027, saying the robots should be reliable, safe and capable of a range of functions.

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Mortgage rates tick higher but remain near 3-year low

  • January 22, 2026
  • 9:32 PM

The average rate on a 30-year fixed mortgage rose this week to 6.09% according to the latest Freddie Mac data released on Thursday. That is up from last week's reading of 6.06%.

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Fed’s favored inflation gauge shows consumer prices remained elevated in November

  • January 22, 2026
  • 3:07 PM

The Commerce Department's delayed November PCE inflation report showed that inflation remained well above the Federal Reserve's 2% target rate.

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US economy grew at fastest pace in 2 years in third quarter, fueled by consumer spending

  • January 22, 2026
  • 1:36 PM

The U.S. economy grew at a 4.4% growth in the third quarter of 2025, beating expectations of 3.3% as consumer spending and exports drive the strong performance.

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