latest news in economy
Federal Reserve Chair Jerome Powell Accepts JFK Profile in Courage Award for Protecting Economic Independence
Boston, Monday, 1 June 2026.
Yesterday, May 31, Fed Chair Jerome Powell accepted the 2026 JFK Profile in Courage Award, honored for defending the central bank’s political independence to safeguard global economic stability.
Decoding the May 2026 Economy: Record Output Clashes With Shrinking Household Savings
Washington, D.C., Sunday, 31 May 2026.
Despite record U.S. output in May 2026, the personal savings rate has plummeted to 2.6%, revealing the hidden financial strain inflation continues to place on everyday households.
University of Arizona Convenes Experts to Address the Economic Costs of Forever Chemicals
Tucson, Sunday, 31 May 2026.
Experts convene at the University of Arizona this June to tackle mounting economic liabilities and emerging filtration technologies essential for eliminating forever chemicals from global supply chains.
S&P 500 Secures Ninth Straight Winning Week as Technology Stocks Drive Market Growth
New York, Sunday, 31 May 2026.
Defying inflation concerns, the S&P 500 notched a rare ninth consecutive weekly gain. Surging semiconductor stocks drive this momentum as investors await crucial May employment data early next week.
Iran Conflict Reignites Global Inflation and Threatens Central Bank Independence
New York, Sunday, 31 May 2026.
As the Iran conflict drives up oil prices, reignited inflation is forcing central banks to delay rate cuts, sparking intense political backlash that threatens their fundamental independence.