latest news in economy
India's Economy Grows 7.8 Percent in Early 2026 Despite Global Conflicts
New Delhi, Saturday, 6 June 2026.
Solidifying its status as the world’s fastest-growing major market, India beat expectations with robust expansion, offering global investors a reliable haven amidst escalating geopolitical volatility.
New Federal Reserve Chair Kevin Warsh Targets Balance Sheet Cuts to Lower Interest Rates
Washington, Friday, 5 June 2026.
Sworn in this May, Fed Chair Kevin Warsh aims to shrink the $6.7 trillion balance sheet to lower interest rates, intriguingly adopting “strategic ambiguity” for future monetary communications.
The Hidden Economic Cost of Deportation: How Immigration Raids Erased 668,000 U.S. Jobs
Washington, Friday, 5 June 2026.
A new Brookings study reveals aggressive deportation raids cost the U.S. economy 668,000 jobs, with local economies losing an astonishing 30 jobs for every single immigration arrest.
Looming 2032 Social Security Shortfall Threatens Retirees With a $500 Monthly Income Drop
Washington, Friday, 5 June 2026.
Without congressional action, the Social Security trust fund will deplete by 2032, triggering an automatic 24% benefit reduction that could cost millions of retirees $500 a month.