Visa predicts Americans will spend an average of $736 on holiday gifts in 2025, a 10% increase from the $669 reported last year.

Tariffs and uncertainty were already making the economy hard to read. The loss of government data during the shutdown has made the situation much worse.

Chair Powell’s press conference will pivot away from economic data—given its scarcity—and instead focus on balance sheet policy, the policy framework review, and financial stability,” Deutsche Bank says.

Government shutdowns can slow GDP, delay pay, hurt local economies and contractors, disrupt programs, and weigh on consumer confidence.

There is a perception on Wall Street that “underneath strong economic numbers, there are crevasses of credit and valuation risks that are deepening and broadening,” wrote Macquarie strategists Viktor Shvets and Kyle Liu in a note to clients earlier this month.

Past government shutdowns have been little more than speedbumps to economic growth, but the longer this one drags on, the more economists see reasons this one could be different.

On social media Trump celebrated his meeting with Xi in South Korea as a “G2,” a recognition of America and China’s status as the world’s two biggest economies and a play on the multi-national Group of Seven (G7) and Group of 20 (G20) forums.

Leaders in the Pacific Northwest are largely bullish on the region's continued economic success — but one threat to the region's fiscal progress worries them in particular.

European leaders vowed to work in coordination to ratchet up the pressure on Russia as the so-called “coalition of the willing” met in London to discuss strategies to end the war in Ukraine.

China and South Korea signed a bilateral currency swap and other economic cooperation agreements on Saturday, as their leaders held summit talks in a bid to improve bilateral ties. The won-yuan swap line of a maximum 70 trillion won ($49.