Economy

Weekly jobless claims fell to 226,000 while a Philadelphia Fed survey showed factories rebounding. See what the mixed data signals for the U.S. economy.

U.S. housing starts sank 15.4% in May as multifamily construction collapsed. See what the steep monthly pullback means for rents and home prices ahead.

May retail sales rose 0.5%, defying recession warnings as Americans kept spending through 4.2% inflation. See which categories led the gains.

Washington will lift its Hormuz naval blockade as Iran reopens shipping lanes under a June 19 deal, a move analysts say could cut American pump prices by 40 cents a gallon.

Kevin Warsh chairs his first FOMC vote Tuesday with traders pricing a near-certain rate hold, but the path forward is clouded by 4.2% inflation, a divided committee, and relentless White House pressure.

The U.S. borrowed $1.2 trillion in the first eight months of fiscal year 2026, putting the country on pace for what could be the largest peacetime deficit in American history.

The Conference Board's CEO Confidence Index fell to 47 in Q2 2026 from 59 in Q1, as executives cite tariff costs, stubborn inflation, and slowing demand.

The May PPI came in at 1.1%, far above the 0.7% forecast, sending wholesale inflation to a 6.5% annual rate—the hottest reading in more than three years.

Iran declared a full Strait of Hormuz closure after new U.S. strikes Thursday, sending Brent crude to $95 a barrel and threatening to push American gas prices past $5 a gallon.