Fed holds rates steady as Iran conflict pushes oil over $100
Federal Reserve Chair Jerome Powell warned that Middle East conflict and $100 oil prices are disrupting the path toward interest rate cuts.
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Economy
Macro indicators, policy shifts, and economic forces shaping growth and inflation.
25% of First-Time Buyers Use Family Gifts or Loans for Home Purchases
Homeownership rates for people under 35 have fallen as family wealth becomes a key backstop for entry-level purchases.
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25% of First-Time Homebuyers Used Family Money for Down Payments
NAR found 25% of first-time homebuyers used a family gift or loan for a down payment in 2024.
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U.S. debt tops 100.2% of GDP as public debt reaches $31.27 trillion
Interest payments reached $529 billion in the first half of fiscal 2026, exceeding defense spending of $461 billion.
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US economy grows 2% in Q1 as AI investment lifts GDP
Business investment in artificial intelligence did much of the lifting for Q1 growth, according to Bloomberg and the Wall Street Journal.
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AI Spending Lifts U.S. GDP to 2% as Consumer Spending Softens
Business investment, especially AI spending, was the main driver of first-quarter growth.
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Saudi Arabia’s PIF Plans to End LIV Golf Funding After 2026
Saudi Arabia’s Public Investment Fund plans to stop funding LIV Golf after this season, forcing the league to seek private capital.
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U.S. GDP Grows 2% in First Quarter on AI Spending
Business investment rose on heavy AI spending, while consumer spending grew more slowly.
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U.S. economy held 2% growth in Q1 despite higher oil prices
The U.S. economy grew at a 2% annual rate in the first quarter despite the Iran war driving energy prices higher.
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U.S. economy grew 2% in first quarter as Brent oil hit about $120
Government outlays rebounded and business investment held up, helping keep GDP afloat despite the oil shock.
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Economy Watch
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U.S. GDP Grows 2% in First Quarter as Oil Prices Surge
The Commerce Department said GDP rose at a 2% annual rate in the first quarter despite higher energy prices from the Iran war.
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