Macroeconomic data, trends, and policy developments.
Coverage of key economic indicators, central bank policy decisions, inflation trends, labor data, and growth signals. This category focuses on the macroeconomic forces that shape markets, interest rates, and long-term capital allocation.
5,927 total articles
Filings from a set of 14 large business development companies (BDCs) show that private credit portfolios were marked lower in the first quarter, with the aggregate fair value-to-cost ratio sliding to 98.55% and roughly $1.2 billion of investments carried below amortized cost. Individual firms recorded sharp downgrades to fair value ratios and mater…
NYU Langone Health revealed it received a federal grand jury subpoena from the U.S. Department of Justice requesting records related to gender-affirming care provided to patients aged 18 and under since 2020. The hospital said it was among several institutions that received subpoenas from the U.S. Attorney's Office in the Northern District of Texas…
New York City Mayor Zohran Mamdani has removed a proposed property tax increase from his forthcoming executive budget, following state agreement to provide additional funding. The change comes after the earlier proposal to raise property taxes by nearly 10% faced opposition and prompted negative credit outlooks for the city.
Argentina’s country risk index eased to 498 basis points on JPMorgan’s EMBI Global Diversified index, the lowest since early February, after a recent credit rating upgrade to B- with a stable outlook from Fitch. Officials say they prefer the spread to fall closer to 250 bps and to build reserves before re-entering international bond markets; econom…
The New York Federal Reserve's quarterly overview of consumer debt found that student loan borrowers remain the most troubled segment of household credit, even as broader measures of delinquency and total household debt showed only modest change. The report noted a moderation in the flow of student loans entering serious delinquency and described o…
Long-maturity UK government borrowing costs have climbed to levels not seen since 1998 as bond investors push back against perceived threats to fiscal discipline. The phenomenon known as 'bond vigilantes' has re-emerged amid higher debt loads across advanced economies, an energy-driven inflation uptick tied to the U.S.-Israeli war on Iran, and the …
President Donald Trump urged New York Mayor Zohran Mamdani to reconsider moves that could drive wealthy residents and business leaders from the city, saying the loss of figures such as Citadel founder Ken Griffin would be "sort of not recoverable." The dispute centers on a proposed tax on second homes, which Mamdani still supports even after abando…
U.S. consumer prices rose briskly for a second month in April, with energy and food costs the primary drivers, pushing the annual Consumer Price Index to its largest 12-month increase in three years. The data reinforce expectations that the Federal Reserve will keep interest rates at current levels, while raising political and economic concerns ahe…
The administration is finalizing potential presidential executive orders intended to reduce domestic beef prices by allowing more imports and offering additional support to rebuild the U.S. cattle herd. Planned signings that were expected on Monday have been postponed while officials continue to fine-tune the measures, a White House official said o…
Harvard faculty opened a one-week vote on a plan to limit A grades in undergraduate courses to no more than 20% of the class plus four students. The move, described as the most consequential effort in decades to curb grade inflation, comes after A grades comprised roughly 60% of grades in the academic year ending mid-2025 and fell to 53% in the fal…
Federal Reserve Bank of Chicago President Austan Goolsbee warned that recent inflation readings point to widespread price pressures across the U.S. economy and could signal overheating. Speaking on NPR, Goolsbee highlighted accelerating inflation in April and singled out services inflation that excludes energy as an area of concern. The Bureau of L…
Analysts say the Beijing summit between President Donald Trump and President Xi Jinping is more likely to reinforce a fragile détente than to produce sweeping new agreements. Modest, market-oriented deliverables - such as Chinese purchases of U.S. farm goods and aircraft, eased rare earth restrictions, or the formation of a bilateral trade board - …
Futures tied to Canada’s main equity benchmark showed little movement on Tuesday as market participants monitored escalating tensions in the Middle East and fresh U.S. consumer price data. The Toronto market posted a modest gain on Monday led by oil and metals, while U.S. futures were broadly softer as headline and core U.S. CPI came in slightly ab…
Hungary’s incoming finance minister, Andras Karman, told lawmakers he will push to unfreeze European Union funding within months and to satisfy all requirements for joining the euro by 2030. Speaking at his confirmation hearing, Karman outlined plans to make fiscal policy more transparent and predictable, change taxation and economic planning, and …
South Africa’s unemployment rate climbed to 32.7% in the first quarter, up from 31.4% in the prior quarter and above the median economist forecast of 31.7%. The tally of unemployed people reached 8.1 million, with notable job losses in construction and community and social services while manufacturing and mining recorded employment gains. Rising pr…
Consumer prices in Brazil rose 0.67% in April from March, bringing annual inflation to 4.39%. Food and fuel costs were the primary drivers. Policymakers face added uncertainty as subsidies, tax cuts and a debt-renegotiation program for households coincide with strong consumer demand and tight monetary policy.
A monthly survey published by the Central Bank shows Chilean economists anticipate the policy rate will be left unchanged at 4.50% at the next meeting. Forecasts for growth, the peso and inflation are broadly steady, with a small upward revision to the 2027 inflation outlook compared with the previous survey.
New data from MSCI indicates that over 10% of loans held by private credit funds have been marked down by at least 50%, a level MSCI associates with deep borrower distress or imminent restructuring. The report points to a sustained period of relatively high interest rates as a contributing factor. Writedowns are highest since the post-COVID-19 peri…
Australia's Treasury has modelled a severe scenario in its budget papers in which an escalation of the conflict in Iran disrupts regional energy and export infrastructure, lifting oil to $200 per barrel in the July-September window and triggering a quarterly contraction, a sharp rise in inflation and higher unemployment.
Government data released on Tuesday showed India’s year-on-year consumer price inflation rose to 3.48% in April, lifted by firmer food prices. Economists warn that elevated crude prices linked to the Middle East conflict, a weaker rupee, fertiliser cost pressures and the prospect of a below-normal monsoon raise the risk of higher inflation ahead, t…
OpenAI is granting select European companies access to its newest models, including GPT-5.5-Cyber, through a program aimed at equipping trusted defenders with tools for identifying and responding to vulnerabilities. The initiative covers firms across finance, telecommunications, energy and public services, and coincides with broader company moves t…
The Kremlin says government actions have secured macroeconomic stability even after the Economy Ministry cut GDP growth forecasts for 2026 and 2027. Deputy Prime Minister Alexander Novak pointed to a 2029 growth projection of 2.4%. Officials attribute recent weakness to a combination of factors including the war in Ukraine, Western sanctions, high …
Russia's Economy Ministry reduced its forecast for 2026 GDP growth to 0.4% from a prior estimate of 1.3%, and lowered the 2027 projection to 1.4% from 2.8%, the Kremlin said on Tuesday. Deputy Prime Minister Alexander Novak indicated growth could reach 2.4% in 2029. Kremlin spokesman Dmitry Peskov said President Vladimir Putin remains closely invol…
The Australian government will overhaul long-standing tax settings for property investors and trusts, removing the 50% capital gains tax discount for most assets from July 1, 2027, and restricting negative gearing for residential property to new builds. Transitional rules and exemptions are included for certain purchases, widely held vehicles and t…
The Australian government is proposing sweeping changes to the taxation of residential property investments that Treasury modelling indicates would shave roughly two percentage points off house price growth over a short period. The measures - restricting negative gearing to newly built homes and removing existing capital gains tax discounts - are i…
