United States grapples inflation test for new Fed chair

 

Washington — Newly appointed Federal Reserve Chair Kevin Warsh is confronting one of the most demanding economic backdrops in recent years, marked by persistent inflation and a deepening affordability crisis. Elevated prices, fueled by global supply disruptions, geopolitical tensions, and volatile energy markets, continue to strain household budgets for essentials...

Las Vegas economist warns of Gen Z affordability socialism

 

LAS VEGAS – Speaking at Freedom Fest in Las Vegas, Diogo Costa, president of the U.S.-based Foundation for Economic Education, warned that surging living costs are encouraging what he calls a new wave of “affordability socialism” among Generation Z. In an interview with Fox News Digital, Costa said that while...

Switzerland warns AI boom distorting global inflation gauges

 

LONDON - The Bank for International Settlements (BIS) has warned that the rapid expansion of artificial intelligence is making it harder for central banks to interpret inflation signals and calibrate interest rates. In a bulletin on the economic implications of AI, the Switzerland-based central bank umbrella group said the technology...

United States debates data centers amid AI rivalry

 

A recent opinion article warns that local and political resistance to building new data centers in the United States could undermine the country’s economic strength and national security at a time of accelerating competition with China in artificial intelligence. The piece argues that today’s large-scale computing infrastructure is analogous to...

United States reassesses hurricane risk amid El Niño

 

In the United States, insurers are re-evaluating how El Niño affects hurricane risk as coastal exposure rises sharply. El Niño, identified by U.S. government scientists in June at the onset of the Atlantic hurricane season, typically suppresses storm formation, and officials expect a below-average 2026 season with eight to 14...

United States faces Fed meeting amid renewed inflation pressures

 

WASHINGTON — Federal Reserve officials are gathering in Washington, D.C., for a two-day Federal Open Market Committee meeting starting Tuesday, July 28, 2026, as they confront renewed energy-driven inflation pressures and heightened policy uncertainty. Since early 2026, the Fed has held its benchmark federal funds rate in a restrictive 3.50–3.75...

United States faces renewed inflation as oil surges

 

United States – International oil prices climbed sharply as the U.S.-Iran conflict escalated, with Brent crude briefly topping $100 a barrel on July 23, the first time since May. The energy spike quickly rippled through financial markets, pushing the 10-year U.S. Treasury yield to its highest level since President Trump...

United States shoppers change habits amid soaring grocery prices

 

UNITED STATES – Consumers across the country are reshaping their grocery shopping routines as they face the biggest jump in food prices in about 50 years. Many shoppers now plan their trips around discounts, checking supermarket apps, scanning weekly circulars and clipping coupons before they leave home and again once...

United States jobless claims fall to 57-year low

 

The U.S. labor market has recorded weekly initial jobless claims of 187,000, the lowest level in 57 years, according to newly released government data. The figure indicates that employers are retaining workers despite ongoing economic uncertainty, reinforcing evidence of a tight labor market. Economists note that such historically low claims...

United States prepares targeted tariffs as global levy ends

 

WASHINGTON, United States — The U.S. government is preparing a new set of targeted trade tariffs as a temporary 10% global import levy expires on Friday, July 24, 2026. The expiring duty was introduced earlier in the year after a February Supreme Court ruling struck down a prior wave of...