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.
4,096 total articles
An Iranian drone attack on March 3 penetrated the U.S. Embassy compound in Riyadh, causing more extensive damage than initially reported. Multiple floors were heavily affected, a fire burned for twelve hours, and some sections remain described as "unrecoverable." The strike is part of a pattern of precision attacks on American assets in the region,…
U.S. intelligence assessments indicate Iran is likely to sustain its obstruction of the Strait of Hormuz, treating the waterway as a strategic lever in its conflict with Washington. The blockade has lifted crude prices, complicated military options to reopen the transit route and raises questions about long-term maritime security, insurance and ene…
SpaceX has postponed the next test flight of its Starship V3 vehicle from April to May, CEO Elon Musk said on social media. He indicated the launch is about four to six weeks away, placing it in the first half of May. The V3 debut has been pushed back for months while the company integrates numerous upgrades aimed at improving reliability and meeti…
A U.S. district judge on April 3 refused to reconsider his earlier order blocking subpoenas tied to a criminal investigation of Federal Reserve Chair Jerome Powell, maintaining a halt to the probe and setting the stage for an appeal that could delay President Trump’s plan to replace Powell with Kevin Warsh.
The March employment report showed job growth spreading across multiple sectors, lowering unemployment measures that had raised Fed concerns about weakening labor conditions. Policymakers are likely to keep interest rates on hold for the near term, while markets focus on whether a surge in global oil prices tied to conflict will push inflation high…
The Bank of Italy trimmed its GDP projections and increased its inflation estimates in a new report, citing a sharp deterioration in the international outlook tied to the U.S.-Israeli war against Iran and a surge in energy costs. The central bank now expects growth of 0.6% this year and 0.5% in 2027, below government targets, and warns higher, pers…
The White House has requested $152 million in a proposed fiscal 2027 budget to fund the initial costs of converting Alcatraz Island from a National Park Service-managed historic site back into an active Federal Bureau of Prisons facility. The move follows a directive announced in May to rebuild and expand Alcatraz as a high-security prison for the …
On April 3, Beijing-based Space Pioneer announced that the inaugural flight of its reusable Tianlong-3 rocket failed. The company provided minimal details in a short statement on its official WeChat account. The setback follows an earlier structural incident and comes amid an intensifying domestic race to develop recoverable, reusable rocket stages…
The U.S. economy added 178,000 nonfarm payrolls in March, a larger increase than economists had forecast, and the unemployment rate fell to 4.3% from 4.4%. Revisions trimmed prior months' results, with February revised to a 133,000 decline and January revised higher to a 160,000 gain. Market moves were muted by a holiday, while Treasury yields and …
President Donald Trump has proposed a fiscal year 2027 budget that would cut non-defense discretionary spending by 10% while increasing defense spending by $500 billion. The package also targets cuts to green energy programs and nearly 30 Justice Department initiatives the administration labels duplicative or weaponized, even as it requests a 13% r…
BCA’s chief geopolitical strategist Matt Gertken argues that recent strikes on tankers and the deployment of a third U.S. aircraft carrier undermine hopes for a rapid ceasefire. Markets face two paths - temporary de-escalation if Strait of Hormuz traffic recovers, or a more damaging escalation if U.S. political incentives shift after the midterm ou…
President Donald Trump has tabled a fiscal year 2027 budget blueprint that would reduce non-defense discretionary spending by 10% and significantly expand defense funding to $1.5 trillion. The plan proposes a $500 billion uplift in defense outlays, targeted investments across military programs and shipbuilding, pay raises for service members, and h…
U.S. nonfarm payrolls increased by 178,000 in March after a large downward revision to February, pushing the unemployment rate down to 4.3%. The rebound coincided with the end of a healthcare workers strike and warmer temperatures, but economists warn that the war with Iran, higher fuel costs, tariffs, and immigration enforcement measures are creat…
Nonfarm payrolls increased by 178,000 in March, well above the median economist estimate of 65,000, while the unemployment rate edged down to 4.3%. Revisions reduced February payrolls and trimmed prior months by a net 7,000. Average hourly earnings rose 0.2% month over month and 3.5% year over year, below forecasts.
Financial markets entered April reeling after U.S. President Donald Trump dashed expectations of a rapid end to the U.S.-Israeli conflict with Iran, triggering a fresh surge in oil prices and forcing investors to reassess growth, inflation and policy trajectories. With OPEC+ meeting, U.S. inflation data and multiple central bank decisions on the ca…
A CMA CGM-operated container vessel with French ownership transited the Strait of Hormuz eastbound, the first Western-linked vessel to do so since the Iran war began in late February. The Maltese-flagged Kribi navigated the sanctioned corridor between Qeshm and Larak islands after weeks of inactivity in the Gulf, reflecting a cautious resumption of…
Markets are contending with conflicting signals about the trajectory of the month-old Middle East war and its knock-on effects for oil, inflation and corporate profits. With crude surging and gasoline prices at multi-year highs, investors are focused on next week’s March consumer price index, Federal Reserve minutes and the opening of quarterly ear…
Russia's state receipts from oil and gas fell by 43% in March to 617 billion roubles ($7.72 billion) versus March of last year, the finance ministry reported. The ministry attributed the decline to lower crude prices and an appreciating rouble. The receipts are a significant component of government revenue, representing roughly one quarter of total…
U.S. job creation is expected to have edged higher in March, helped by the return of striking healthcare workers and milder weather, reversing a steep February drop. Economists warn, however, that the month-long conflict in the Middle East, recent trade-policy turbulence and historically weak labor supply growth pose growing risks to the labor mark…
A senior Bank of Japan official said the central bank will press on with interest-rate increases while closely monitoring how the Middle East conflict affects Japan's economy and core inflation. Rising fuel costs from the conflict could dent growth by worsening terms of trade, but may also lift underlying inflation through higher long-term expectat…
In a late Thursday post on Truth Social, U.S. President Donald Trump warned that U.S. military action against Iran could expand to include bridges and electric power plants. His comments come after recent U.S. strikes on Iranian infrastructure and follow prior threats to target Iran's energy grid if certain geopolitical demands were not met. Offici…
Japan’s finance minister has warned that speculative activity in foreign exchange and crude oil futures markets has pushed volatility markedly higher. With the yen trading close to the psychologically significant 160-per-dollar level, the government says it is prepared to take comprehensive action to protect the public’s livelihoods and the broader…
China's private-sector services activity expanded in March but at a slower pace than February, according to the RatingDog China General Services PMI compiled by S&P Global. The index fell to 52.1 from 56.7, remaining above the 50 threshold for expansion. Softer domestic demand and a decline in new export orders weighed on growth, while cost pressur…
Global markets weakened on Thursday as President Donald Trump signaled no immediate de-escalation in the conflict with Iran, keeping the Strait of Hormuz effectively closed and pushing U.S. oil prices sharply higher. Equity markets were mixed-to-lower across Asia and Europe while some S&P 500 sectors rose. Private credit drew fresh scrutiny after a…
Federal Reserve Bank of New York President John Williams told Fox Business that the Fed’s monetary policy is "well positioned" to manage increased uncertainty stemming from surging energy prices tied to the Middle East conflict. Williams said higher energy costs could lift inflation and damp consumer spending, but that those effects tend to take mo…
