Economic events
While low-income consumers struggle with rising gas prices, higher earners grow nervous as markets fall
Higher oil prices due to the U.S.-Iran war are straining an already strapped lower-income consumer . But as equities fall, there’s a warning sign that higher earners are also starting to feel the heat. Internal data from Bank of America on credit and debit card spending revealed that from the start of the war through […]
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Treasury yields fall as traders rethink Fed rate hikes after Powell comments
Traders work on the floor at the New York Stock Exchange (NYSE) in New York, US, on Friday, March 27, 2026. Michael Nagle | Bloomberg | Getty Images U.S. Treasury yields edged lower on Tuesday morning, as investors reassessed the outlook for Federal Reserve interest rates and continued to monitor developments in the Middle East. […]
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Euro zone inflation smashes through ECB target to 2.5% in March as energy costs soar
Natural gas burners on a gas stove are seen in Rzeszow, Poland, on December 28, 2025. Nurphoto | Nurphoto | Getty Images Inflation in the euro zone jumped to 2.5% in March, according to the latest preliminary figures from Eurostat on Tuesday. Euro zone inflation was up from 1.9% in February and jumped well ahead […]
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China’s factory activity returns to growth, expanding at its sharpest pace in a year
LIANYUNGANG, CHINA – FEBRUARY 28: Employees produce stuffed toys for export at a toy factory on February 28, 2026 in Lianyungang, Jiangsu Province of China. Si Wei | Visual China Group | Getty Images China’s official gauge for manufacturing activity climbed more than expected in March to mark its best performance in a year and snapping […]
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This is what really causes recessions, a former top Trump White House economist says
In 1973, OPEC proclaimed an oil embargo on the U.S. for its decision to resupply the Israeli military during the Yom Kippur war. The embargo lasted until March 1974, and during this time oil prices quadrupled. To control supply, the federal government under Nixon rationed oil, by state, to 1972 levels. By February 1974, it […]
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Pessimism sets in for Europe as Iran war hits economic and consumer confidence
Shoppers pass fruit and vegetable stalls in the Bauveau Market in Paris, France, on Wednesday, Feb. 15, 2023. Bloomberg | Bloomberg | Getty Images Economic and consumer confidence plummeted in Europe in March, according to official data released on Monday, in the latest evidence of how the Iran war is upending growth and inflation expectations. […]
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Treasury yields move lower as investors look to jobs data
U.S. Treasury yields were lower early on Monday as investors looked ahead to key jobs data and monitored the U.S.-Iran war, which entered its fifth week. At 4:13 a.m. ET, the benchmark 10-year Treasury yield was down over 4 basis points to 4.393%, while the 30-year Treasury bond also shed 4 basis points to yield at 4.933%. The 2-year Treasury yield […]
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India flags slower growth, wider deficit as Iran war raises the stakes for New Delhi
People queue to refuel their vehicles at a gas station in Hyderabad, Telangana, India, on March 24, 2026, following import disruptions related to the war in the Middle East. Nurphoto | Nurphoto | Getty Images India has warned that its growth forecast of 7.0%–7.4% for the financial year ending March 2027 faces “considerable downside” risk […]
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Global week ahead: Why emergency G7 meetings are not working
G7 Foreign Ministers pose for a family picture during a meeting at the Vaux-de-Cernay Abbey in Cernay-la-Ville outside Paris, on March 27, 2026. (Photo by Alain JOCARD / AFP via Getty Images) Alain Jocard | Afp | Getty Images Another Monday, another emergency meeting. This time it’s between G7 finance ministers, energy ministers and central […]
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‘All bets are off’: European borrowing costs hit 15-year highs as investors brace for rate hikes
Crowds of pedestrians and shoppers walk along Weinstrasse toward Marienplatz in Munich, Germany, on March 14, 2026. Michael Nguyen | Nurphoto | Getty Images European government bonds continued to sell off on Friday, building on a rout that has seen multiple countries’ borrowing costs hit multi-decade highs in recent weeks. Thursday saw the yield on […]
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