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News
AI companies recruiting economists to shape research
4+ hour, 23+ min ago (1415+ words) By Nitasha Tiku, The Washington Post//July 28, 2026// Minutes after winning the most prestigious award in mathematics, 38-year-old University of Toronto professor Jacob Tsimerman announced that he was joining the company behind ChatGPT. “I’ll be starting a position at OpenAI in…...
Persistently high inflation expected to weigh on global growth
3+ hour, 50+ min ago (690+ words) By Hari Kishan and Sarupya Ganguly, Reuters//July 28, 2026// BENGALURU — The prospect of persistently high inflation in the global economy is rising, according to a Reuters poll of nearly 500 economists who mostly raised inflation forecasts and cut growth views as the…...
Limited guidance creates uncertainty amid Fed’s next meeting
1+ day, 4+ hour ago (749+ words) By Andrew Ackerman, The Washington Post//July 27, 2026// Ask Kevin Warsh how the Federal Reserve should think about inflation, talk to markets or weigh the impact of artificial intelligence on the economy, and the new chair has a stock answer: There’s…...
Stagflation fears grow as oil prices hit $100
4+ day, 6+ hour ago (816+ words) By Alun John, Dhara Ranasinghe and Sophie Kiderlin, Reuters//July 24, 2026// LONDON — Renewed hostilities in the Gulf have revived stagflation talk, dimming hopes the interim deal between the U.S. and Iran had come in time for the world economy to avoid…...
Increased business activity in July may not last
4+ day, 6+ hour ago (376+ words) By Dan Burns, Reuters//July 24, 2026// Activity in the vast U.S. services sector accelerated in July, aided in part by spending around the FIFA World Cup and the Independence Day holiday, while the pace of growth in the manufacturing sector eased to…...
Investors shift beyond bonds as inflation risks persist
5+ day, 4+ hour ago (739+ words) By Laura Matthews, Reuters//July 23, 2026// NEW YORK — Some U.S. investors who once relied on bonds to cushion equity selloffs are making more room for commodities, infrastructure, private credit and other inflation-sensitive assets to protect themselves against inflation. Inflation, heavy government…...
U.S. jobless claims plunge to lowest level since 1969
5+ day, 4+ hour ago (264+ words) The number of Americans seeking unemployment benefits for the first time unexpectedly fell last week to the lowest since the 1960s, indicating the U.S. job market continues on an even keel and leaving Federal Reserve officials to keep their focus on containing…...
Mortgage rates climb to highest level in nearly a year
6+ day, 4+ hour ago (372+ words) The interest rate on the most popular type of U.S. home loan crept up again last week to the highest since last August with little prospect for an immediate break for would-be homebuyers, thanks to inflation-wariness among Federal Reserve officials and…...
Fed seen holding rates steady through 2026, poll finds
1+ week, 4+ hour ago (715+ words) By Indradip Ghosh, Reuters//July 21, 2026// BENGALURU — The Federal Reserve will keep its key interest rate steady for the rest of 2026 to tackle a five-year-long inflation problem, according to the median forecasts of economists in a Reuters poll. A majority of…...
Single-family homebuilding falls as permits hit 10-month low
1+ week, 4+ day ago (745+ words) WASHINGTON — U.S. single-family homebuilding fell for a third straight month in June while permits for future construction dropped to the lowest level in 10 months, weighed down by higher mortgage rates and a glut of unsold new homes on the market....