latest news in economy

Federal Reserve Chief Refuses to Rule Out Interest Rate Hikes as Inflation Risks Persist

Federal Reserve Chief Refuses to Rule Out Interest Rate Hikes as Inflation Risks Persist

Washington, Thursday, 30 July 2026.
Federal Reserve Chair Kevin Warsh warned Congress that borrowing costs may rise further to fight persistent inflation, despite political pressure and an evenly split rate-setting committee.

How Businesses Are Cutting Their Artificial Intelligence Bills by Up to 80 Percent

How Businesses Are Cutting Their Artificial Intelligence Bills by Up to 80 Percent

Singapore, Thursday, 30 July 2026.
A July 2026 report reveals companies are slashing artificial intelligence expenses by up to 80 percent by automatically routing simple tasks to cheaper models as token prices drop.

Federal Reserve Recalibrates Banking Oversight as Non-Bank Lenders Gain Ground

Federal Reserve Recalibrates Banking Oversight as Non-Bank Lenders Gain Ground

Washington, Thursday, 30 July 2026.
Federal Reserve Vice Chair Michelle Bowman outlined regulatory shifts to Congress, highlighting how non-bank lenders now originate 65% of mortgages alongside emerging artificial intelligence cybersecurity risks.

Indiana Leads Midwest Housing Bounce with Surge in Home Construction Permits

Indiana Leads Midwest Housing Bounce with Surge in Home Construction Permits

Washington, Wednesday, 29 July 2026.
Indiana issued 1,995 single-family building permits in June 2026, climbing 10% year-over-year and outperforming neighboring Midwest states despite broader economic headwinds and high mortgage rates.

How Rising Living Costs Are Shaping the Economic Habits of Younger Workers

How Rising Living Costs Are Shaping the Economic Habits of Younger Workers

Washington, Wednesday, 29 July 2026.
While Baby Boomers worry about healthcare costs, Gen Z remains optimistic about long-term careers despite inflation, with nearly 75% choosing weekends at home to avoid financial regret.

Why Better Use of Existing Resources Is Driving the Current U.S. Business Boom

Why Better Use of Existing Resources Is Driving the Current U.S. Business Boom

San Francisco, Wednesday, 29 July 2026.
New economic data reveals that recent U.S. productivity gains stem from corporate capital efficiency rather than artificial intelligence, challenging key tech sector assumptions.

Canadian Travel to the United States Plummets as Tourists Choose Other Destinations

Canadian Travel to the United States Plummets as Tourists Choose Other Destinations

Washington, Wednesday, 29 July 2026.
A historic drop in Canadian visitors—the deepest decline since 1972 excluding the pandemic—cost the U.S. tourism sector $2.3 billion as travelers redirected their spending elsewhere.

Why Hospitals Are Planning Massive Upgrades to Their Supply Chain Systems

Why Hospitals Are Planning Massive Upgrades to Their Supply Chain Systems

Tampa, Wednesday, 29 July 2026.
A new report reveals 71% of healthcare providers plan major supply chain technology upgrades, shifting 2027 budgets to eliminate costly operational waste and clinical disruptions.

Commercial Property Deals Surpass Record Pace with 1.6 Billion Dollars in Mid-Year Sales

Commercial Property Deals Surpass Record Pace with 1.6 Billion Dollars in Mid-Year Sales

Dallas, Wednesday, 29 July 2026.
Despite high interest rates, SRS Capital Markets surpassed its record-breaking 2025 pace, securing 1.6 billion dollars in mid-year transactions and signaling robust commercial real estate demand.

Persistent Inflation and Energy Costs Push American Economic Sentiment Near Record Lows

Persistent Inflation and Energy Costs Push American Economic Sentiment Near Record Lows

Washington, Thursday, 30 July 2026.
Escalating fuel prices from ongoing Middle East conflicts pushed U.S. economic pessimism to 77% in July 2026, posing significant risks for consumer spending and policymakers.