Economy & Markets — Archive
Fed policy, inflation, jobs, market trends, and fiscal analysis
Workers' Job Market Gloom Has Increased Dramatically Over the Past Few Years, Gallup Survey Finds
Just 28% of workers say now is a good time to find a quality job, down from 70% in mid-2022, with college graduates particularly pessimistic.
NYC Spent Over $368 Million To Combat Homelessness This Past Fiscal Year. Now the State Can't Track the Money.
The $368 million spent on unsheltered homeless New Yorkers is more than triple the FY 2019 amount, yet state auditors say tracking fund allocation remains problematic.
Chicago Faces $1 Billion Budget Gap as Experts Warn of 'Pay Later' Financial Crisis
The city's 2025 fiscal year projects a $150 million deficit, with about 40% of the budget going to debt service and pension costs.
Chicago's $1 Billion Budget Gap Stokes Debate Over Mayor Johnson's Fiscal Leadership
The nation's third-largest city projects a $150 million deficit as debt service consumes 40% of its budget, drawing scrutiny from both progressive and conservative analysts.
Polymarket's Situation Room Bar Opening Marred by Technical Failures in Washington
Prediction market's much-hyped DC pop-up opened Friday but monitors remained off due to electrical issues, prompting early closure and viral mockery.
States Need Data Tools and Incentives to Stop Improper Federal Payments
With $2 trillion in annual deficits, experts say federal databases to verify eligibility are underutilized despite known gaps.
Federal Reserve Holds Rates Steady Amid Mixed Economic Signals
The Fed kept its benchmark rate at 3.5% to 3.75% as February payrolls fell by 92,000 and fourth-quarter GDP was revised down to 0.7%.
Fed Chair Powell Holds News Briefing After Keeping Interest Rates Unchanged
The Federal Reserve held rates at 3.6% for the second straight meeting, with quarterly projections expected to show how the Iran war's impact on gas prices complicates the path forward.
Cuba Will Allow Expatriates to Invest in and Own Businesses on Island, Economic Czar Says
Deputy Prime Minister Oscar Pérez-Oliva Fraga announced the policy shift in an NBC News interview, citing US embargo as a key challenge to Cuba's economy.
Senate Democrats Unveil Tax Plans Criticized as Populist Overhaul Ignoring Debt
Economists and fiscal hawks question whether proposals to eliminate federal taxes for millions can be offset by taxing the wealthy without worsening the national debt.