Q3 GDP Surge Masks Rising Unemployment and Consumer Strain
AI-led productivity is boosting growth, but hiring is stalling as inflation and holiday debt pressure households.
Fresh coverage on the economy, markets, and the forces moving money.
AI-led productivity is boosting growth, but hiring is stalling as inflation and holiday debt pressure households.
Companies are boosting output through AI capex and efficiency, keeping hiring muted and 2026 raises near 3%.
U.S. indexes notched record closes, but gold and silver led amid hedging demand and Fed timing uncertainty.
USTR sets Chinese chip import tariffs at 0% for 18 months, buying supply-chain runway and delaying cost shocks.
Initial claims fell, but continued claims rose, shaping 2026 Fed easing bets and mortgage rates.
Freddie Mac shows 30-year rates steady near 6.2%, while rising inventory boosts buyer negotiations despite tight affordability.
Summer growth beat forecasts, but sticky essentials inflation and cooling job security are dragging sentiment.
As the White House pushes faster AI adoption, software spending pivots toward security, governance, and tighter controls.
AI megacaps powered a thin Santa rally as Q3 GDP beat trimmed near-term cut odds, while gold hit records.