Economic Indicators

Aldi is slashing prices on over 400 products while Target introduces thousands of low-cost items as retailers try to attract shoppers who are pulling back.

The average rate on the 30-year fixed mortgage fell this week to 6.85%, according to the latest Freddie Mac data released on Thursday. That is down from last week's reading of 6.89%.

The ECB has now lowered borrowing costs eight times since last June, seeking to prop up a eurozone economy that was struggling before U.S. economic policies dealt it further blows.

The figure reported on Wednesday is well below economists’ estimates of 110,000 jobs and also down from the prior month’s revised reading of 60,000 jobs.

Fast-food company Dave's Hot Chicken is set for global growth after Roark Capital's $1 billion acquisition, aiming for 400 locations by the end of the year.

The OECD's forecast projects a slowdown in U.S. economic growth due to tariffs, with GDP growth at 1.5% in 2026 and inflation reaching 3.9% by the end of 2025.

Costco's extended gas station hours and new openings have resulted in record-breaking sales. The retailer reports increased member usage and satisfaction.

President Donald Trump warns of economic ruination if courts rule against his tariffs after the U.S. Court of International Trade blocks emergency import taxes.

The Fed's preferred inflation gauge, the PCE index, showed that price growth eased in April as inflation numbers trended closer to the central bank's target.

The average rate on the 30-year fixed mortgage rose this week to 6.89%, according to the latest Freddie Mac data released on Thursday. That is up from last week's reading of 6.86%.

Weekly jobless claims in the U.S. increased more than expected in May to a seasonally adjusted 240,000 for the week ended May 24, according to the Labor Department.

Consumer confidence in the U.S. rose for the first time in five months amid optimism about trade deals and improving expectations about business conditions.

Gas prices are falling to a four-year low as Americans prepare for Memorial Day weekend. AAA estimated that there will be 45.1 million travelers, of which 39.4 million will drive.

The average rate on the 30-year fixed mortgage rose this week to 6.86%, according to the latest Freddie Mac data released on Thursday. That is up from last week's reading of 6.81%.

Klarna's losses double even as buy now, pay later services grow in popularity. Experts have warned that these services can be a ticket to overspending.

Moody's downgrade of the U.S. credit rating made it the third of the three major ratings agencies to downgrade U.S. credit since 2011 amid widening budget deficits.

The University of Michigan's Consumer Sentiment Index fell again in May after economists expected a modest increase. Consumer sentiment is at its lowest level in nearly three years.

The average rate on the 30-year fixed mortgage rose this week to 6.81%, according to the latest Freddie Mac data released on Thursday. That is up from last week's reading of 6.76%.

Fed Chair Jerome Powell spoke about how the central bank's monetary policy framework could shift if inflation is more volatile and supply shocks more common.

JPMorgan reduced its forecast for the chance of a recession this year after the U.S. and China temporarily lowered the higher tariffs they imposed.