Obituary
Alan Greenspan, longtime Federal Reserve chairman, dies at 100
Greenspan led the U.S. central bank from 1987 to 2006, becoming a symbol of 1990s prosperity and a target of criticism after the financial crisis
U.S. economy news
Read verified news on BetaVoices covering U.S. economy, with reporting, context, and related developments.
#U.S. economy
Clear filters
- Energy prices U.S. gas prices dip below $4 for first time in nearly three months AAA’s national average for regular gasoline fell to $3.99 as crude prices eased and more ships moved through the Strait of Hormuz
- Inflation Wholesale prices jump 1.1% in May as energy costs surge The producer price index rose faster than economists expected, lifting annual wholesale inflation to 6.5%, its highest rate since November 2022
- Inflation U.S. inflation rose to 4.2% in May, highest in three years The consumer price index matched forecasts as energy prices jumped, while core inflation came in softer on a monthly basis
Labor market
Job openings jump to 7.6 million, highest since May 2024
April’s JOLTS report showed stronger demand for workers but slower actual hiring, reinforcing a labor market with limited churn
Inflation report
Core PCE inflation rose 3.3% in April, matching forecasts
The Fed’s preferred inflation gauge showed softer monthly core price growth, but headline inflation still reached 3.8% from a year earlier
Inflation report
U.S. inflation rose 3.8% in April, highest since May 2023
The consumer price index climbed 0.6% from March, matching monthly forecasts, while the annual rate topped the Dow Jones consensus and kept pressure on the Federal Reserve
Monetary policy
Fed holds rates steady as inflation pressures persist
The central bank kept its benchmark rate at 3.5% to 3.75%, but an 8-4 vote showed rare internal division over how to frame possible future cuts
Inflation and growth
Core inflation rose to 3.2% in March as GDP missed forecasts
The Fed’s preferred inflation gauge accelerated while first-quarter growth came in at 2%, complicating the central bank’s next move after it held rates steady
Economic fallout
Iran war’s economic hit may linger through 2026, economists say
Oil and gas prices have jumped since the conflict began, raising costs for drivers, travelers and households even if fighting eases soon