The Latest Breaking News on Economy

Experts say raising rates ‘isn’t working’ and that the real culprits are corporate pricing, energy costs and supply chain

President Joe Biden downplayed the effect of the U.S. strong-dollar policy on the global economic outlook, saying weakness in other parts of the world is threatening growth.

The inflation dragon is still breathing fire as the treasurer says higher-than-expected US inflation will have implications for Australia.

As the five economies in mainland Southeast Asia re-emerge from the Covid-19 pandemic, their prospects for recovery and return to growth and development appear challenged, characterised by deteriorating balance of payments, fiscal weaknesses, currency depreciations, and rising inflation amidst global monetary tightening and recession risks.

Applications for U.S. unemployment insurance increased to a six-week high, driven in part by a jump in Florida claims in the aftermath of Hurricane Ian.

The higher than expected figure for September sent shares tumbling

Inflation rate stubbornness will likely spark a further increase to interest rates which could come in early November

The number of Americans applying for unemployment benefits rose slightly last week but remains historically low even as the U.S. economy slows in the midst of decades-high inflation

After 2020's mass layoffs, some workers didn't return; now companies might think twice before pulling the trigger.