Concentrated growth: The role of the IT sector

Nov 8, 2025 | Markets

Productivity1 is the engine of economic growth and a key factor in determining standards of living and economic well-being. In this article, we study the distribution of total factor productivity (TFP)2 growth across sectors of the U.S. economy—i.e., the composition...

Fed Says Vulnerabilities Tied to Financial Leverage ‘Notable’

Nov 7, 2025 | Markets

The Federal Reserve flagged vulnerabilities tied to leverage in a semi-annual report on financial stability that said the banking system remained “sound and resilient.” The report, which isn’t a forecast, said that hedge fund leverage had increased. It had grown...

Why the U.S. economy and S&P 500 are diverging

Nov 7, 2025 | Markets

Tech sector wavers despite signals of increased economic activity Tech stocks came under pressure this week as investors took a closer look at artificial intelligence (AI) following several high-profile investment announcements. At the same time, jobs and services...

US Consumer Sentiment Declines to Near Lowest on Record

Nov 7, 2025 | Markets

US consumer sentiment tumbled to near the lowest on record as the government shutdown weighed on the economic outlook and high prices soured views about personal finances. The preliminary November sentiment index dropped 3.3 points to 50.3, just above a June 2022...