Economy & Markets — Archive
Fed policy, inflation, jobs, market trends, and fiscal analysis
Philadelphia Fed President Anna Paulson Says Iran War Is Creating Real Pressure on U.S. Economy
Anna Paulson, president of the Federal Reserve Bank of Philadelphia, warned that escalating tensions in the Middle East are adding new headwinds to an economy already navigating elevated inflation and interest rates.
Congress Weighs Federal Regulation as Prediction Market Apps Blur Line With Sports Betting
Lawmakers debate whether markets allowing bets on politics, sports and global events need stricter federal oversight
House Democrat Bans Staff From Betting on Prediction Markets, Citing Ethics Concerns
Rep. Seth Moulton becomes first member of Congress to prohibit staffers from trading on Polymarket, Kalshi and similar platforms.
BlackRock CEO Warns $150 Oil Could Trigger Global Recession
Larry Fink, whose firm manages $14 trillion in assets, said prolonged high oil prices stemming from Middle East tensions would have profound economic implications.
Iran Parliament Speaker Warns Buyers of US Treasury Bonds Are 'Legitimate Targets'
Ghalibaf says financial institutions funding US military budget will be targeted, as tensions escalate after weeks of strikes.
Robert Frazer Appointed US Attorney for New Jersey After Year of Legal Turmoil
Career prosecutor with two decades of experience takes over the district following months of court battles over leadership appointments.
Workers' Job Market Gloom Has Increased Dramatically Over the Past Few Years, Gallup Survey Finds
Just 28% of workers say now is a good time to find a quality job, down from 70% in mid-2022, with college graduates particularly pessimistic.
NYC Spent Over $368 Million To Combat Homelessness This Past Fiscal Year. Now the State Can't Track the Money.
The $368 million spent on unsheltered homeless New Yorkers is more than triple the FY 2019 amount, yet state auditors say tracking fund allocation remains problematic.
Chicago Faces $1 Billion Budget Gap as Experts Warn of 'Pay Later' Financial Crisis
The city's 2025 fiscal year projects a $150 million deficit, with about 40% of the budget going to debt service and pension costs.
Chicago's $1 Billion Budget Gap Stokes Debate Over Mayor Johnson's Fiscal Leadership
The nation's third-largest city projects a $150 million deficit as debt service consumes 40% of its budget, drawing scrutiny from both progressive and conservative analysts.