US Services Activity Slows in October as Price Pressures Stay Elevated
U.S. services activity expanded at a slower pace in October 2026, while businesses continued reporting…
Category: Economy
News and clear explanations of the U.S. economy and the data shaping economic conditions for households and businesses. We cover GDP growth, inflation, consumer spending, employment trends, and key economic indicators, explaining what the latest data means for Americans and financial markets. Sourced from official government economic data and primary sources.
US Trade Deficit Narrows to $105 Billion as Exports and Imports Rise
The U.S. trade deficit narrowed to $105.0 billion in September 2026, down from a revised…
US Construction Spending Falls 1.9% as Residential Projects Slump
WASHINGTON, November 3, 2026 — U.S. construction spending fell 1.9% in September as a sharp…
US Manufacturing Activity Accelerates in October as Input Prices Stay High
US manufacturing activity accelerated in October, with the Institute for Supply Management’s Manufacturing Purchasing Managers’…
Fitch Cuts France’s Credit Outlook to Negative as Debt Pressures Mount
Fitch Ratings has lowered France’s sovereign credit outlook from stable to negative, warning that slower…
US GDP Grows 3.4% as Private Domestic Demand Rises 4.9%
The U.S. economy expanded at a 3.4% annualized rate in the third quarter of 2026,…
US Housing Starts Fall to 1.221 Million Annual Rate in September
U.S. homebuilding slowed in September 2026, with housing starts falling 5.2% to a seasonally adjusted…
Week Ahead: Housing Starts and Wage Data Test US Economy
The U.S. economy faces two important tests in the week of October 19–23, as fresh…
Philadelphia Fed Factory Index Falls to 20.9 as New Orders Weaken
Manufacturing activity in the Philadelphia Federal Reserve’s district slowed sharply in October as new orders…
US Retail Sales Rise 0.8% as August Gain Revised Up to 1.3%
U.S. retail sales rose 0.8% in September as gasoline station receipts jumped 6.4%, while August’s…
Fed Beige Book Shows Nine Districts Growing, but Spending Flat
The U.S. economy expanded across nine of the Federal Reserve’s 12 districts, but consumer spending…
U.S. Home Sales Rise 1.5% in September but Stay Below 4 Million
U.S. existing-home sales rose 1.5% in September 2026 to a seasonally adjusted annual rate of…
Fed Survey: Median Real Income Rises 7%, Mean Falls 6%
The Federal Reserve’s latest survey of American family finances shows that inflation-adjusted median income increased…
U.S. Consumer Sentiment Falls to 46.3 as Inflation Fears Rise
U.S. consumer sentiment fell to 46.3 in early October from 48.1 in September, as Americans…
October 2026 Global Economy Outlook: Resilience, AI and a More Fragmented World
The third quarter closed with the world economy looking more resilient than it has any…
U.S. GDP Revised Up to 2.2% as Consumer Spending and Investment Strengthen
The U.S. economy grew at a 2.2% annual rate in the second quarter of 2026,…
Core Capital Goods Orders Rise 1.6% in August as Investment Strengthens
U.S. orders for a closely watched measure of business investment rose sharply in August, while…
CBO: 1-Point Higher Interest Rates Could Push U.S. Debt to 222% of GDP
The Congressional Budget Office estimates that federal debt held by the public could reach 222%…
August New Home Sales Fall as 7% Mortgage Rates Freeze Out Buyers
Sales of new single-family houses in the United States fell to a seasonally adjusted annual…