latest news in economy
US Holiday Spending Set to Hit Record Highs Driven by Inflation and Tariffs
Washington, Friday, 9 October 2026.
American shoppers face record holiday costs this season. However, economic data shows higher spending is driven by lingering inflation and import tariffs rather than people buying more physical goods.
Technology Spending Drives United States Economic Expansion Beyond Expectations
Washington, Friday, 9 October 2026.
Driven by unprecedented artificial intelligence investments that eclipse historic national projects, the U.S. economy maintains strong 3% growth despite rising interest rates and persistent inflation challenges.
US Small Businesses Show Financial Strength Despite High Inflation
Washington, Friday, 9 October 2026.
Despite persistent inflation concerns, 71% of American small business owners report solid operational health this quarter, with a surprising 70% offering enhanced employee benefit packages to maintain talent.
Proposed Medicare Rule Changes Threaten Medical Practice Revenues for 2027
Tarrytown, Thursday, 8 October 2026.
Medical practices face financial pressure from proposed 2027 Medicare rule updates, including lower conversion factors and a steep 50% pay cut on same-day services provided alongside procedures.
Artificial Intelligence Hardware Demand Drives United States Trade Deficit Past One Hundred Billion Dollars
Washington, Thursday, 8 October 2026.
Surging domestic corporate demand for artificial intelligence infrastructure has pushed the United States monthly trade deficit past $100 billion, effectively outrunning the impact of federal import tariffs.
How Federal Reserve Data Proves Import Tariffs Drove Up Everyday Prices
New York, Thursday, 8 October 2026.
A New York Federal Reserve study reveals import tariffs raised everyday consumer goods prices by 2.9 percentage points by February 2026, preventing what would have been a natural price decline.