Commercial buildings illuminated at dusk in Singapore, on Monday, Feb. 2, 2026. Photographer: SeongJoon Cho/Bloomberg via Getty ImagesBloomberg | Bloomberg | Getty ImagesSingapore on Monday unexpectedly tightened its monetary policy for a second consecutive time, moving preemptively against a renewed oil price surge even as inflation at home stays subdued.The...
Category: Economy
Kevin Warsh has homed in on three key phrases. How Fed watchers interpret them
He's not quite at the level of obscurity of former Federal Reserve Chairman Alan Greenspan, but new Fed chief Kevin Warsh has settled on a few phrases that are notable for their repetition and lack of clarity.In five public appearances, starting with his nomination hearing in April, through his first...
Trump’s new global tariff draws rebukes from trade partners over forced labor justification
US President Donald Trump speaks at Wheeler High School, in Marietta, Georgia, on July 22, 2026. Saul Loeb | AFP | Getty ImagesU.S. trading partners from Canberra to Brasília have rejected the forced labor rationale behind President Donald Trump's new global tariffs, while most signaled they would keep negotiating rather...
World Cup gave bars and restaurants a needed boost as consumers flash warning signs, Fed says
Soccer fans gather for a watch party during the World Cup semifinal match between Spain and France at China Basin Park in San Francisco, July 14, 2026.Heather Diehl | Getty ImagesWhile the FIFA World Cup provided a tourism boost to host cities, its positive impact was mitigated by economic weakness...
U.S. job creation cools in June with payrolls growth of just 57,000; unemployment rate at 4.2%
The U.S. economy saw job creation cool sharply heading into the summer, the Bureau of Labor Statistics reported Thursday.Nonfarm payrolls for June increased by a seasonally adjusted 57,000 for the month, slower than the downwardly revised 129,000 added in May and worse than the 115,000 Dow Jones consensus forecast.The unemployment...