latest news in economy

FDA Advisory Panel Recommends Broader Access to Popular Healing Compound

FDA Advisory Panel Recommends Broader Access to Popular Healing Compound

Washington, Thursday, 23 July 2026.
On July 23, 2026, an FDA panel voted 8–6 to recommend BPC-157 for pharmacy compounding, overriding agency scientists who warned of a severe lack of human safety data.

How Clean Energy Policy Rollbacks Cost the U.S. Economy $55 Billion

How Clean Energy Policy Rollbacks Cost the U.S. Economy $55 Billion

Washington, Thursday, 23 July 2026.
Since 2025, federal rollbacks have caused the cancellation of over 200 clean energy projects, costing the U.S. economy $55 billion in annual growth and nearly 500,000 jobs.

European Central Bank Pauses Rate Hikes but Signals September Increase

European Central Bank Pauses Rate Hikes but Signals September Increase

Frankfurt, Thursday, 23 July 2026.
The European Central Bank held interest rates at 2.25%, but rising energy prices from Middle East conflicts have policymakers signaling a highly anticipated rate hike for September.

Bain Capital Debt Fund Suffers Historic European Default

Bain Capital Debt Fund Suffers Historic European Default

London, Thursday, 23 July 2026.
Marking Europe’s first modern packaged-debt default since the 2008 financial crisis, a Bain Capital fund failed to fully repay junior investors, signaling rising pressure from high interest rates.

US Government Borrowing Costs Hit Highest Level Since January 2025

US Government Borrowing Costs Hit Highest Level Since January 2025

New York, Thursday, 23 July 2026.
On July 23, 2026, U.S. borrowing rates hit an 18-month high as Brent crude oil topped $100 a barrel, intensifying fears of persistent inflation and further interest rate hikes.

New Federal Reserve Chief Refuses to Rule Out Further Interest Rate Hikes

New Federal Reserve Chief Refuses to Rule Out Further Interest Rate Hikes

Washington, D.C., Thursday, 23 July 2026.
In his first congressional testimony, Federal Reserve Chair Kevin Warsh asserted strict independence, refusing to rule out further interest rate hikes despite political pressure and cooling inflation.

How a Historic El Niño Threatens to Reshape the Global Economy

How a Historic El Niño Threatens to Reshape the Global Economy

Washington, Thursday, 23 July 2026.
A rapidly intensifying Super El Niño could trigger $3 trillion in global economic losses, severely disrupting winter energy markets and agricultural supply chains worldwide.

Federal Funding Backs Artificial Intelligence to Secure Key Domestic Minerals

Federal Funding Backs Artificial Intelligence to Secure Key Domestic Minerals

Washington, Thursday, 23 July 2026.
To secure critical supply chains, the U.S. government is funding an artificial intelligence project to optimize domestic rare earth mineral processing.

Why Standard Economic Metrics Underestimate China’s Industrial Power

Why Standard Economic Metrics Underestimate China’s Industrial Power

Beijing, Thursday, 23 July 2026.
Traditional GDP metrics overlook China’s physical dominance, highlighted by its power generation doubling that of the U.S., signaling a massive structural advantage in manufacturing and artificial intelligence.

How the New Federal Reserve Chief Plans to Change the Fight Against Inflation

How the New Federal Reserve Chief Plans to Change the Fight Against Inflation

Washington, Thursday, 23 July 2026.
By repeatedly declaring “inflation is a choice,” new Fed Chair Kevin Warsh signals a major policy regime shift, asserting the central bank must take full responsibility for rising prices.