Idaho’s newly released revenue forecasts and budget documents show a $58.3 million deficit for fiscal year 2026. This increase underscores the state’s changing economic outlook and may carry significant implications for budgeting priorities.
Federal Reserve Chair Jerome Powell warns that a slowdown in hiring poses a serious risk to the U.S. economy. With expectations of continued monetary support, Powell indicates that additional rate cuts may be necessary to sustain growth and protect the central bank’s policy goals.
The International Monetary Fund cautions that rolling shocks, fueled significantly by US tariff policies, are straining the global economy. Despite these challenges, the IMF observes that world markets have been more resilient than originally predicted, though concerns persist for a dimmer outlook ahead.
Washington’s latest revenue forecast reveals a substantial $903 million gap over the next four years, forcing lawmakers to grapple with sobering economic realities. The shortfall could lead to significant budget dilemmas, intensifying debates over state spending priorities.
China’s economy continued to lose momentum in August, with critical measures failing to meet expectations. Weak consumer spending and tightened capacity controls on industries combined to stall overall growth.
As mortgage rates show signs of easing, the possibility of a revived housing market comes into focus. This article explores what must go right for lower borrowing costs to translate into broader homebuying opportunities.
A recent jobs report reveals a 78,000 drop in manufacturing positions so far this year, which has prompted CNBC’s Jim Cramer to question why hiring remains slow. Despite billions in corporate investment, Cramer highlights a mounting unease among CEOs about expanding their workforce.
Worker confidence in finding a job has dropped to unprecedented levels, with employers in nearly every industry scaling back hiring. As a recent jobs report signals further slowdowns, many job seekers are left wondering how long this challenging environment will last.
Swiss National Bank President Martin Schlegel has emphasized that returning to negative interest rates is a last resort. While the policy rate currently sits at zero, officials remain focused on the fallout of previous cuts and the impact of US trade tariffs.
In a sweeping commentary, the “Kagro in the Morning” podcast dissects the roller-coaster ride of today’s political landscape. From Gavin Newsom’s anticipated ambitions to Donald Trump’s ongoing influence through a cast of controversial allies, hosts David Waldman and Greg Dworkin offer a lively blend of satire and analysis.
