IMF Sees 3.1% Global Growth in 2026 as AI Investment Offsets the Energy Shock
The IMF forecasts global growth of 3.1% in 2026 and 3.4% in 2027, with inflation at 4.7% this year. Forecasts for the US, China, India and Europe.
Inflation
Hall and Woodford Win the 2026 Nobel Economics Prize for Taming Economic Shocks
Robert Hall and Michael Woodford won the 2026 Nobel economics prize for the theory behind how central banks fight recessions and inflation.
Fed Raises Rates for the First Time Since 2023 as Warsh Targets Inflation
The Federal Reserve raised rates by a quarter point to 3.75%–4%, its first hike since 2023. Chair Kevin Warsh said inflation is too high for too long.
Warsh Opens the Door to Rate Rises in His First Jackson Hole Speech as Fed Chair
Fed Chair Kevin Warsh said inflation is broad and won’t return to 2% by itself, raising the odds of a September rate hike. Key Jackson Hole takeaways.