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Economics Headlines
Something broke in the economy in 2023 that explains why so many people are miserable about it, New York Fed says fortune.com
Higher-income Americans and those with college degrees have ramped up their spending more quickly in the past three years than other consumers.
Source: fortune.com
Greenland shatters temperature record, redrawing economy from fishing to minerals reuters.com
Greenland, the Arctic island coveted by U.S. President Donald Trump, experienced its warmest January on record this year, as a rate of warming four times faster than the global average redraws the outlook for sectors from fishing to mining.
Source: reuters.com
Trump’s critical minerals meet: Who’s attending, what’s at stake? aljazeera.com
More than 50 countries are represented at the Critical Minerals Ministerial to discuss how to reduce reliance on China.
Source: aljazeera.com
The Fed is more divided than ever. Enter Kevin Warsh. politico.com
If Warsh wants to “deliver significantly lower rates, he’ll need to get the votes,” said Bill English, who formerly led the Fed’s monetary affairs division.
Source: politico.com
Greenland Shatters Temperature Record, Redrawing Economy From Fishing to Minerals usnews.com
By Fedja Grulovic NUUK, Feb 4 (Reuters) – Greenland, the Arctic island coveted by U.S. President Donald Trump, experienced its warmest January on record this year, as a rate of warming four times faster than the global average redraws the outlook for sectors from fishing to mining. Trump has said …
Source: usnews.com
Hawaiʻi’s Cost Of Living Is High. But There’s Another Huge Problem civilbeat.org
A recent UH report likens Hawaiʻi’s economy to that of West Virginia — another place being “left behind.”
Source: civilbeat.org
With Jobs Data Delayed, Analysts Flock to Unofficial Data wsj.com
Countless private firms offer a read on the job market, consumers and the economy, but they can’t replace official government statistics.
Source: wsj.com
Treasury yields hold steady as investors look ahead to further economic data cnbc.com
U.S. Treasury yields were little changed on Wednesday as investors awaited more economic data and weighed the state of the U.S. economy.
Source: cnbc.com
Australia’s Overheating Economy Signals More Rate Pain Ahead wsj.com
Australians are again bracing for rate pain, as an overheating economy forces the central bank to tighten the policy screws
Source: wsj.com
DOT says PH now ASEAN’s biggest tourism economy, cites WTTC, PSA data gmanetwork.com
Tourism Secretary Christina Frasco on Wednesday said the Philippines has emerged as the largest tourism economy in Southeast Asia, citing data from global and national authorities.
Source: gmanetwork.com
How Africa Works by Joe Studwell — how to change the economic trajectory ft.com
A dazzling reassessment of the continent’s historic handicaps, and its potential for economic development
Source: ft.com
Zero net migration would shrink UK economy by 3.6%, says thinktank theguardian.com
Jump of £37bn in budget deficit by 2040 would force government to increase taxes, NIESR predicts
Source: theguardian.com
‘Neoroyalism’ and What It Says About Trump nytimes.com
Experts are reaching to divine the president’s approach to global policy and economics, with one theory seeing antecedents in centuries-old dynastic rule.
Source: nytimes.com
The economy is the world’s most important problem, but not America’s axios.com
Only the U.S. and eight other countries – out of 107 – cited politics as their top problem in a new Gallup survey.
Source: axios.com
Without Immigrants, U.K. Economy Would Be Smaller, More Indebted, Says NIESR wsj.com
The U.K.’s leading economic research body also said it expects inflation to settle at the Bank of England’s 2% target later this year.
Source: wsj.com
