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Federal Reserve's Hamack: High-income Americans continue to perform well economically. Low-income families face hardship.
2026-06-02
Federal Reserve's Hamack: High-income Americans continue to perform well economically. Low-income families face hardship.
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2026-06-02
The Trump administration is continuing large releases from the US Strategic Petroleum Reserve to ease an energy squeeze from the US-Iran conflict and a threatened Strait of Hormuz closure. DOE data show the SPR fell by 8.0 mln barrels last week; the
The Trump administration is continuing large releases from the US Strategic Petroleum Reserve to ease an energy squeeze from the US-Iran conflict and a threatened Strait of Hormuz closure. DOE data show the SPR fell by 8.0 mln barrels last week; the prior two weeks saw withdrawals of 9.1 mln and a record 9.9 mln barrels. Inventories are 357.1 mln barrels, the lowest since Jan 2024. At the current pace the SPR could drop below the Biden-era low and reach its lowest level since 1983 as early as next week. Since the conflict began the US has released about 58 mln barrels, roughly 14% of the SPR. Analysts say continued releases will weaken US ability to respond to hurricane-season or other sudden supply disruptions.
2026-06-02
The combined turnover of the Shanghai and Shenzhen stock exchanges exceeded 1 trillion yuan for the 246th consecutive trading day.
The combined turnover of the Shanghai and Shenzhen stock exchanges exceeded 1 trillion yuan for the 246th consecutive trading day.
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