Economy News
Economic news covering Fed interest rate decisions, inflation data, jobs reports, GDP growth, and macroeconomic trends affecting the stock market.
Retail Sales Data and Fed Decision Collide on Wednesday
August retail sales data and the Fed's rate decision land on the same day, creating a high-stakes session for markets.
Social Security 2027 COLA Estimate Climbs to 3.5% Ahead of Final Inflation Report
The 2027 Social Security COLA is now projected at 3.5% to 3.6%, pending September inflation data due Oct 14. A 3.5% raise would add about $72 monthly to average benefits.
UK Rents Projected to Surge 5% by Year-End as Landlord Exodus Deepens
Zoopla now expects UK rent growth to hit 4-5% by December, up from its June forecast of 2-3%, as landlord supply tightens despite subdued demand.
Indonesia's New Finance Minister Faces 2.4% Deficit Test
Indonesia appoints Suahasil Nazara as finance minister. Markets now test his commitment to the 2.4% GDP deficit target amid currency weakness.
UK GDP Surprise Lifts FTSE 100, But Tech-Dependent Growth Raises Doubts
UK GDP grew 0.4% in July, beating expectations, but the rise was powered by tech services, while consumer spending slumped. The FTSE 100's rally may not reflect broad economic health ahead of the Bank of England's rate decision.
BoE Set to Hold Rates Despite Strong GDP Surprise
The Bank of England is widely expected to hold rates at 3.75% on Sept 17, but a strong GDP report and hawkish risks keep markets on edge.
Core CPI at 0.2%: The Pivotal Number for Fed's Next Move
Friday's CPI report could sway the Fed's rate decision. A core reading of 0.2% or lower may hold rates, while 0.3% could trigger a hike.
ECB Set to Hike to 2.5%: Euro's Fate Hinges on Inflation Forecasts
The ECB's expected quarter-point hike to 2.50% may not move the euro. Investors await new inflation projections and Lagarde's guidance.
