Specialized search for economics

8+ min ago (230+ words) So far, that's a far cry from the worst-case fears that tariffs would send prices sharply higher. The September report instead shows a modest re-acceleration in goods prices layered on top of a slow, grinding disinflation in services. High-income households, cushioned by strong balance sheets and stock-market gains, are still spending freely on services like travel, healthcare and dining out. Middle- and lower-income households are increasingly price-sensitive and pulling back on discretionary goods, a pattern echoed in recent private-sector card and bank data. Why it matters for the Fed this week For the Fed, the September data confirm that the balance of risks has shifted. Inflation is still above the 2% target but looks relatively contained and is no longer clearly accelerating. The 12-month PCE inflation rate has edged up only gradually " from around 2.6% in early summer to 2.8% in September " while…...

26+ min ago (76+ words) FT-Chicago Booth survey cites concern among officials about impact of weak jobs market and high prices on Americans ... Then $75 per month. Complete digital access to quality FT journalism on any device. Cancel anytime during your trial. Print + Premium Digital Complete digital access to quality analysis and expert insights, complemented with our award-winning Weekend Print edition. Check whether you already have access via your university or organisation. Explore our full range of subscriptions....

50+ min ago (811+ words) Sterling heads into the new week in a position of strength. The PHLX British Pound Index (XDB) and the broader British Pound Currency Index (^XDB) are trading near multi'week highs, while global equity benchmarks such as the MSCI World, MSCI ACWI, STOXX 600 and FTSE 100 consolidate close to year'to'date peaks as investors brace for a widely expected Federal Reserve rate cut in the coming days. [1] Between 5 and 7 December 2025, the story is one of a firm pound in a cautiously risk'on world: UK fiscal worries have eased, business surveys have surprised to the upside, and markets see both the Fed and the Bank of England (BoE) at a turning point in their rate'cutting cycle. The British Pound Index typically refers to benchmarks like: These indices move differently than a single pair such as GBP/USD, because they capture sterling's performance against several…...

1+ hour, 12+ min ago (918+ words) The CAC 40 ended the week of 5 December almost exactly where it started, underscoring how tightly range'bound French equities have become ahead of a crucial Federal Reserve meeting. According to Investing.com data, the CAC 40 closed Friday, 5 December at 8,114.74, down 0.09% on the day, after trading between 8,114.74 and 8,160.81. Over the past 52 weeks, the index has ranged from 6,763.76 to a record 8,314.23, with a 12'month gain of just over 9%. [1] MarketScreener notes that none of the five sessions this week moved more than 0.4%, leaving the CAC 40s weekly performance essentially flat (around 0.0%), even as U.S. indices pushed toward fresh highs and the Euro Stoxx 50 advanced about 1.1%. [2] Sector rotation on Friday was modest rather than dramatic: This combination'select stock'specific strength inside a broadly stagnant index'is typical of late'cycle markets where investors are picking specific winners rather than betting aggressively on the whole benchmark. If Paris felt subdued, the…...

1+ hour, 15+ min ago (373+ words) Finance Minister Ahmed Kouchouk said the private sector's strong response to the government's tax-relief initiative has encouraged the ministry to launch a second package. He highlighted that tax revenues increased by EGP 600bn during the last fiscal year without imposing any additional burdens, thanks to a confidence-based partnership framework with the business community. Speaking at an open dialogue with students at Nile University, Kouchouk noted that the 73% jump in private investment reflects tangible economic improvement. "No one risks their money out of courtesy," he said, describing this as a strong step toward restoring private-sector confidence and incentivising its role as the engine of economic growth. The minister stressed that the government's primary focus is to increase state resources to enhance citizens' quality of life. "We need to grow revenues to improve spending on healthcare, education, and social protection," he said. Kouchouk…...

1+ hour, 16+ min ago (1052+ words) The FTSE 100 has slipped into the second week of December on the back foot, even as major world indices hover near record highs and investors brace for a pivotal US Federal Reserve rate decision. On Friday 5 December 2025, London's blue'chip index fell about 0.5% to around 9,667 points, its lowest level in over a week and closing out a losing week for UK equities. [1] While Wall Street and several Asian markets extended gains, the UK benchmark lagged its global peers " a reminder that 2025's powerful equity rally is entering a more selective phase across world indices. Below is a detailed look at what happened between 5 and 7 December 2025, why the FTSE 100 underperformed, how world indices fared, and what current forecasts say about the road ahead. Friday's session in London capped a weak week: Reuters reported that energy and financial stocks led the sell'off, dragging…...

1+ hour, 17+ min ago (384+ words) JPMorgan Chase CEO Jamie Dimon reiterated a nuanced and overall upbeat view about the effect of artificial intelligence on the economy. In an interview with Fox News" Sunday Morning Futures, the head of the world"s biggest bank acknowledged businesses have been cautious about hiring lately but said it"s not related to AI and doubted that the technology will dramatically reduce jobs in the next year. "For the most part, AI is going to do great stuff for mankind, like tractors did, like fertilizers did, like vaccines did," he said. "You know maybe one day we"ll be working less hard but having wonderful lives." Dimon added that AI still needs proper regulation to mitigate the downside risks, just like other innovations throughout history. He also repeated his earlier warning that AI will eliminate jobs, but urged people to…...

1+ hour, 22+ min ago (1046+ words) The Euro Stoxx 50 index (^STOXX50E), the flagship barometer for euro'area blue chips, ended the week of 57 December 2025 slightly higher, consolidating strong year'to'date gains as global markets position for what investors increasingly see as a near'certain interest'rate cut from the U.S. Federal Reserve next week. [1] On Friday, 5 December 2025, the Euro Stoxx 50 closed at 5,723.93, up 0.10% on the day and about 0.98% higher than the previous Friday's close of 5,668.17, marking its second consecutive weekly advance. [2] According to the index provider STOXX, the benchmark's year'to'date gain now sits around 16%, with a 52'week range between roughly 4,622 (low on 9 April 2025) and 5,787 (high on 12 November 2025). [3] Trading data from TradingView shows a similar picture: the Euro Stoxx 50 has added a little over 1% in the last week, nearly 2% over the past month, and about 1617% over the last 12 months. [4] A total'return tracker certificate on the Euro Stoxx 50 Net Total Return index from UBS…...

1+ hour, 26+ min ago (1309+ words) Editor's Note: Every so often, a moment in everyday life captures a deeper truth about the world we're living in. That's exactly what happened to my colleague Louis Navellier recently " and the insight he walked away with says a great deal about where the U.S. economy is heading next. Louis joins us today to reflect on a surprising contrast he witnessed at a Gatsby-themed event and what it revealed about the widening gap between perception and reality in America. More importantly, he explains why " despite the challenges facing families across the country " the American Dream is not disappearing, but evolving into something new. His perspective sets the stage for the American Dream 2.0 Summit, a conversation Louis, Luke Lango, and I will be hosting on Monday, December 8, at 10 a.m. Eastern time. If you've felt the economy shifting beneath your feet or wondered how…...

1+ hour, 30+ min ago (424+ words) New Delhi: SBI Chairman C S Setty said the bank's mortgage loan portfolio has crossed Rs 9 lakh crore last month and expressed optimism that the momentum in the RAM segment will drive 14 per cent overall credit growth during the current fiscal year. Retail, Agriculture and MSME (RAM) segment, which is 67 per cent of the total loan portfolio, has also crossed Rs 25 lakh crore milestone in September. With the improvement in economic growth, SBI upped its credit growth target from earlier 12 per cent to 14 per cent for the ongoing financial year. "We increased guidance on credit growth. We have revised it from 12 per cent to 14 per cent. We see a robust credit growth, particularly from the RAM segment, MSME is almost growing at 17-18 per cent and agriculture and retail is around 14 per cent," he told PTI in an interview. Besides, he…...