Japan Falls to Fourth-Largest Economy Amid Unexpected Recession
Economy
Sharp Decline in January US Retail Sales Signals Economic Caution
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UK Economy Enters Recession, Challenging Sunak's Growth Pledge
"The United Kingdom's economy has officially entered a recession, marking a significant downturn and the weakest annual growth since the aftermath of the 2008 financial crisis, excluding the pandemic-impacted year of 2020. -
January Sees Unexpected Rise in Consumer Prices, Challenging Fed's Inflation Outlook
"consumer prices in January witnessed a rise that exceeded expectations, primarily driven by persistent increases in shelter costs.
The Latest
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U.S. Inflation Holds at 2.4% in May Despite Trump’s Tariffs; Core Rate Unchanged at 2.8%
Consumer prices in the U.S. rose less than expected in May, showing limited impact from President Donald Trump's tariff regime, according to new data released Wednesday by the Bureau of Labor Statistics. 
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U.S. Adds 139,000 Jobs in May Despite Trade Tensions; Unemployment Holds at 4.2%
The U.S. economy added 139,000 jobs in May, surpassing economists' expectations even as trade uncertainty and government workforce reductions weighed on hiring. The unemployment rate remained unchanged at 4.2%, according to data released Friday by the Bureau of Labor Statistics. 
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China’s Factory Output Contracts Sharply as Tariffs and Falling Demand Hit PMI to 48.3
China's manufacturing activity fell sharply in May, as rising U.S. tariffs and deteriorating global demand dealt a significant blow to export orders and factory output. The Caixin/S&P Global manufacturing purchasing managers' index dropped to 48.3, the lowest reading since September 2022 and well below the 50-point threshold separating expansion from contraction. 
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OECD Slashes U.S. Growth Forecast to 1.6% as Trump Tariffs Rattle Global Economy
The Organisation for Economic Co-operation and Development cut its U.S. and global economic growth forecasts on Tuesday, citing rising tariffs, persistent policy uncertainty, and weaker consumer and business confidence as key drags on the global outlook. The revised estimates reflect growing concern that escalating trade restrictions-primarily driven by President Donald Trump's tariff policy-are taking a heavier toll than previously anticipated. 
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U.S. Inflation Slows to 2.1% in April as Consumer Spending Falters
U.S. inflation cooled more than expected in April, with the Federal Reserve's preferred gauge showing signs of deceleration even as consumer spending weakened and tariffs from President Donald Trump's trade policy loomed in the background. The data comes as Fed officials weigh policy stability against mounting economic and legal uncertainty surrounding Trump's aggressive trade maneuvers. 
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U.S. GDP Shrinks 0.2% in Q1 as Trump Tariffs Trigger Import Surge, Legal Setback Clouds Outlook
The U.S. economy shrank at a 0.2% annualized pace in the first quarter of 2025, the Commerce Department said Thursday, confirming the first contraction in three years as American businesses rushed to import goods ahead of President Donald Trump's sweeping tariffs. The revised figure improved slightly from the initial 0.3% estimate, but still reflects the impact of rising trade tensions and volatile policy signals on consumer and corporate behavior. -
U.S. Jobless Claims Hit Highest in Weeks Amid Trump Tariff Turmoil and Fed Caution
Initial filings for unemployment benefits in the United States rose more than expected last week, adding to signs of a cooling labor market as economic uncertainty deepens over global trade policy and President Donald Trump's sweeping tariff plans. The Labor Department reported Thursday that jobless claims climbed by 14,000 to 240,000 for the week ended May 24, exceeding analyst expectations of 226,000. 
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April Home Sales Drop 0.5%, Inventory Rises 21% as Buyers Struggle with Mortgage Costs
U.S. existing home sales declined in April to their slowest pace for the month since 2009, as persistently high mortgage rates and eroding affordability dampened buyer activity during what is typically the peak season for the housing market. The National Association of Realtors reported Thursday that sales of previously owned homes dropped 0.5% from March to a seasonally adjusted annual rate of 4 million units. 
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UK Inflation Surges to 3.5% in April, Water Bills Jump 26.1% as BOE Faces New Policy Pressure
The U.K.'s inflation rate unexpectedly accelerated to 3.5% in April, according to the Office for National Statistics, marking the highest level in over a year and raising questions about the timing of future interest rate cuts from the Bank of England. The increase, driven by soaring household bills and regulated price hikes, surpassed analysts' expectations of a 3.3% rise and defied recent trends of cooling inflation. 
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China Manufacturing Resilient as U.S. Tariffs Bite into Retail, Housing, and Investment
China's industrial output showed unexpected resilience in April despite escalating trade tensions with the U.S., even as retail sales, property investment, and consumption indicators painted a more fragile picture of the recovery. Industrial production rose 6.1% year-over-year, beating the 5.5% consensus forecast in a Reuters poll but slowing from March's 7.7% pace, according to data released Monday by the National Bureau of Statistics. 
