Economy/page/3 news and trends

IMF Says AI Fuels Growth but Could Disrupt Labor Markets

October 12, 2026
IMF, International Monetary Fund
Fed Data Shows Tariffs Drove Inflation in 2025
Economy // October 08, 2026

New research shows that the cost of many consumer goods would have declined last year if not for U.S. tariffs. The paper from the Federal Reserve Bank of New York says the cost of 67 categories of goods was 2.9 percentage points higher as of February because of the...

Consumers Brace for Higher Prices and Plan to Spend More Anyway
Economy // October 08, 2026

Consumers are entering the final months of the year less worried about losing their jobs, more worried about prices and less confident about where their household finances are headed. The Federal Reserve Bank of New York’s September Survey of Consumer Expectations, released Wednesday (Oct. 7),...

Nvidia-Backed Firmus Grid IPO Reveals Investors’ AI Jitters
IPO // October 08, 2026

Firmus Grid, a Nvidia-backed Australian data center company, is having trouble generating support for its stock market listing, Bloomberg reported Thursday (Oct. 8). The development reveals a new weakness in the artificial intelligence funding boom, the report said. Firmus’ planned $5.5 billion initial public offering...

Used Car Prices Poised to Dip Amid High Gas Prices
Economy // October 07, 2026

New Cox Automotive projections show used car prices dipping more than previously expected. The forecast from the automotive industry data solutions company Wednesday (Oct. 7) comes as consumers continue to exhibit declining sentiment amid high interest rates and gas prices. Cox says it has lowered the year-end outlook for...

Interviews & Exclusives
Consumers Brace for Higher Prices and Plan to Spend More Anyway

October 08, 2026
Consumers are entering the final months of the year less worried about losing their jobs, more worried about prices and less confident about where their household finances are headed. The Federal Reserve Bank of New York’s September Survey of Consumer Expectations, released Wednesday (Oct. 7), shows median expected household spending growth rose 0.3 percentage point […]

Consumers Trust Their Jobs as Savings Run Thin

October 01, 2026
Consumers may still feel secure about their jobs, but a thinner savings cushion is changing the financial environment in which they manage their money. This finding comes from the September...

Big-Ticket Buyers Keep Retail’s Holiday Hopes Alive

September 16, 2026
Consumers didn’t wait to shell out funds for cars, furniture and electronics in August. Retail sales rose 1.2% from July to $773.9 billion, reversing July’s 0.5% decline, with several categories...

Higher Housing and Gas Costs Squeeze What’s Left for Shopping

September 11, 2026
Consumer prices accelerated in August, adding to household expenses at a time when many financially constrained consumers have already reduced the discretionary spending they can most easily cut. The Consumer...

Quick Reads
IMF Says AI Fuels Growth but Could Disrupt Labor Markets

October 12, 2026
International Monetary Fund Managing Director Kristalina Georgieva said artificial intelligence investment is keeping global growth at around 3%, Reuters reported Monday (Oct. 12). At the same time, the trend portends a “slow-moving tsunami” that could upend labor markets, taxation, and education, Georgieva said at a weeklong set of meetings of the IMF and World Bank […]

Fed Data Shows Tariffs Drove Inflation in 2025

October 08, 2026
New research shows that the cost of many consumer goods would have declined last year if not for U.S. tariffs. The paper from the Federal Reserve Bank of New York says the cost of...

Nvidia-Backed Firmus Grid IPO Reveals Investors’ AI Jitters

October 08, 2026
Firmus Grid, a Nvidia-backed Australian data center company, is having trouble generating support for its stock market listing, Bloomberg reported Thursday (Oct. 8). The development reveals a new weakness in...

Used Car Prices Poised to Dip Amid High Gas Prices

October 07, 2026
New Cox Automotive projections show used car prices dipping more than previously expected. The forecast from the automotive industry data solutions company Wednesday (Oct. 7) comes as consumers continue to exhibit declining sentiment amid...