latest news in economy
Key US Inflation Measure Hits 3.3 Percent in April Amid Stagnant Consumer Incomes
Washington, Thursday, 28 May 2026.
The Federal Reserve’s preferred inflation gauge rose 3.3% annually in April 2026. With overall inflation reaching 3.8% and incomes stalling, future interest rate hikes remain a distinct possibility.
Snowflake Shares Soar 39 Percent Following Record Earnings and Major Amazon Partnership
New York, Thursday, 28 May 2026.
Cloud data company Snowflake saw its stock surge 39 percent after exceeding earnings estimates, raising its annual sales forecast, and securing a landmark $6 billion partnership with Amazon.
Citigroup Projects a 25 Percent Surge in Global Stock Earnings for 2026
New York, Thursday, 28 May 2026.
Citigroup forecasts a rare 25% surge in global equity earnings for 2026. This bullish outlook highlights a resilient global economy, offering critical insights for investors navigating current markets.
Bitcoin Drops Below Crucial Price Threshold as Investor Focus Shifts
New York, Thursday, 28 May 2026.
Bitcoin’s drop below a critical defense line signals potential bear market conditions. Strikingly, amid this downturn, a potential Tesla-SpaceX merger could consolidate a massive $3.3 billion corporate treasury.
Global Energy Costs and Tariffs Halt US Inflation Progress, Federal Reserve Says
Tokyo, Thursday, 28 May 2026.
Federal Reserve Vice Chair Philip Jefferson warns that rising tariffs and Middle East energy shocks have stalled U.S. inflation drops, forcing the central bank to hold interest rates steady.
Federal Reserve Governor Cook Evaluates AI's Economic Disruption and Persistent Inflation Risks
Stanford, Wednesday, 27 May 2026.
Fed Governor Lisa Cook warns that AI could trigger unprecedented workforce reorganization and near-term job losses, noting she remains prepared to raise interest rates if current inflation persists.
Federal Reserve Proposes Direct Payment Accounts for Emerging Financial Institutions
Washington, Wednesday, 27 May 2026.
Proposed in May 2026, the Federal Reserve’s new limited-purpose accounts could grant fintechs direct payment settlement access, capped at $1 billion, without offering full traditional banking privileges.
April Federal Reserve Minutes Reveal Unexpected Shift Toward Potential Rate Hikes
Washington, Wednesday, 27 May 2026.
The newly released April meeting minutes reveal a surprising shift: the Federal Reserve is actively considering interest rate hikes rather than cuts to combat persistently elevated inflation.