Sea level data from a satellite launched by NASA and European partners shows that a swell of warm water hundreds of miles wide has arrived in the Pacific Ocean off the coast of South America, a sign that El Niño will likely emerge later in the year. Because water expands as it warms, a rise in elevation of an area of the ocean indicates increasing ocean temperatures.
El Niños can cause heavy rains in some regions and deficits in others, influencing daily life and commerce around the world.
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Business News
May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.