U.S. wholesale inventories increased again in October, suggesting inventories could add to gross domestic product in the fourth quarter after being a drag for two straight quarters.
Global economic growth is projected to slow to 2.7% in 2026, down from an estimated 2.8% in 2025, according to a new United Nations report released Thursday.
The Federal Reserve will likely cut rates a little more this year to "address downside risks to the labor market," the Congressional Budget Office forecast on Thursday, with higher tariffs and increased demand from the Trump administration's tax cuts expected to keep inflation well above the Fed's 2% target.
The US trade deficit made a sharp and unexpected pullback in October, reaching its lowest level since 2009 as goods imports dropped while President Donald Trump’s tariffs took hold, government data showed yesterday.
Oil prices rose for a second day on Friday, up more than 1% and set for their third weekly gain, on uncertainty about the future of supply from Venezuela and as Iranian unrest increases concerns about output there.
The total sales volume for the automotive industry is expected to see further moderation due to declining order backlogs and the ending of the excise-duty exemption for completely- built-up (CBU) electric vehicles (EVs), analysts say.