Liu Jie/Xinhua/Getty Images
The job market held up in May. But the Fed may have already decided to pause
Nathan Howard/Bloomberg/Getty Images
Fitch warns it could still downgrade America’s credit rating despite debt ceiling resolution
Allison Joyce/Bloomberg/Getty Images
The US economy added 339,000 jobs last month, soaring past expectations — again
Joe Raedle/Getty Images
Employers are preparing for a recession, but that doesn’t always mean layoffs
Jeff Pachoud/AFP/Getty Images/FILE
Inflation in Europe drops to lowest level since Russia invaded Ukraine
Marcelo del Pozo/Getty Images
The global economy has likely been spared a US debt default. It still faces a mountain of risks
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China’s small and medium-sized factories post surprise growth, easing market anxiety
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JPMorgan Chase CEO Jamie Dimon hints at future in politics
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China’s economic recovery loses steam as factory production contracts further
Joshua Lott/Reuters
US sanctions Chinese and Mexican firms over fentanyl making equipment
Dominic Lipinski/Bloomberg/Getty Images
Britain is getting so desperate to tame inflation it’s talking about food price caps
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One of China’s biggest cities is so cash-strapped it’s calling in debts
Kerem Uzel/Bloomberg/Getty Images
Turkish lira hits new record low after Erdogan election victory
Jon Elswick/AP/FILE
Higher mortgage rates, lower social security payments: The calamity Washington wants to avoid with a debt ceiling deal

Highlights

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Credit ratings agencies like Moody’s decide the US credit rating. Here’s what you need to know about them
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‘The mother of all crises.’ A US debt default would ricochet around the world
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Biden administration takes ‘break glass measure’ off table amid debt limit crisis
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The Fed’s favorite inflation gauge just heated up — and that could mean another rate hike

More From Economy

Liu Jie/Xinhua/Getty Images
The job market held up in May. But the Fed may have already decided to pause
Fitch warns it could still downgrade America’s credit rating despite debt ceiling resolution
The US economy added 339,000 jobs last month, soaring past expectations — again
Employers are preparing for a recession, but that doesn’t always mean layoffs
Marcelo del Pozo/Getty Images
The global economy has likely been spared a US debt default. It still faces a mountain of risks
China’s small and medium-sized factories post surprise growth, easing market anxiety
JPMorgan Chase CEO Jamie Dimon hints at future in politics
The number of available US jobs surged in April, complicating the Fed’s strategy

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