Macro Economic Events

President Donald Trump‘s remark on Wednesday that “I love the inflation” after the U.S. consumer prices rose to their highest level since April 2023 sparked a wave of criticism, with Sen. Bernie Sanders (I-Vt.) arguing that many Americans are still struggling to afford everyday...

The latest inflation data didn’t quite shock markets, but it reinforced concerns that price pressures remain sticky rather than easing. Headline CPI rose 4.2% year over year in May, matching expectations but marking the first reading above 4% since May 2023. Core CPI came in at 2.9%, also in...

Editor’s note: This article was updated to add more details and context. Price pressures intensified further in May as the Strait of Hormuz energy shock continued to feed through the Consumer Price Index basket, reinforcing the case for Federal Reserve’s interest rate hike in 2026. The...

Orders for the world’s largest oil tankers have surged to a record high, eclipsing the previous peak reached during the 2008 financial crisis and reviving concerns that a future supply glut could leave shipowners competing more aggressively for cargoes. Supertanker Orders Reach Unprecedented...

As North America approaches a critical review of its trilateral trade pact, JPMorgan Chase & Co. (NYSE:JPM) CEO Jamie Dimon met with Mexican President Claudia Sheinbaum on Tuesday to discuss Mexico’s economy and the future of regional trade. Sheinbaum Touts Mexico’s Economic Outlook...

Treasury Secretary Scott Bessent has made a simple promise with complicated arithmetic. Appearing before both the Senate Finance Committee and the House Ways and Means Committee, Bessent endorsed a bipartisan effort to reduce the federal deficit to 3% of gross domestic product (GDP) by the end of...

The U.S. stock market has scaled unprecedented financial heights, pushing the total market cap-to-GDP ratio to a record of 238%. This historic surge means equity valuations now eclipse the underlying nation’s productivity by a huge margin, triggering urgent warnings and comparisons to the...