These economists say artificial intelligence can narrow U.S. deficits by improving health care
Economists at the Brookings Institution estimate AI could reduce the U.S. budget deficit some $900 billion by 2044.
Fed’s preferred inflation gauge rises to 2.3% annually, meeting expectations
The personal consumption expenditures price index was expected to show inflation at 2.3% in October.
Trump and Fed Chair Powell could be set on a collision course over interest rates
Though Powell became Fed chair in 2018, after Trump nominated him for the position, the two clashed often about the direction of interest rates.
UK economy surprises with September contraction, grows just 0.1% in the third quarter
The U.K. economy showed a surprise contraction in September and only marginal growth in the third quarter, initial figures showed Friday.
Wholesale prices rose 0.2% in October, in line with expectations
The producer price index was expected to increase 0.2% in October, according to the Dow Jones consensus forecast.
Annual inflation rate hit 2.6% in October, meeting expectations
The consumer price index was expected to increase 0.2% in October and show a 2.6% 12-month rate.
Powell and the Fed won’t be able to avoid talking about Trump forever
The Fed chair dodged question after question at his news conference Thursday about his thoughts on President-elect Donald Trump.
Trump’s proposed tariff increases would boost inflation by nearly 1%, Goldman Sachs estimates
The proposed tariffs on China, Canada and Mexico could raise prices for United States consumers, according to Goldman.
U.S. stock and bond markets love Trump’s pick of Bessent for Treasury — here’s why
Trump said he will pick the Wall Street figure to take on his administration's most important economic role.