On Thursday, four months after the American Rescue Plan was signed into law, American families having children under the age of 18 were credited with their first monthly Child Tax Credit payments. The Department of Treasury estimates that $15 billion were distributed to tens of millions of working families with 60 million children as part of the expanded child tax credit. 86 percent of families us...
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Business News
May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.