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Eleanor Pringle

Eleanor Pringle

Fortune

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Everyone was wondering what Trump wanted more: Warsh smoothly seated at the Fed, or for Powell to pay. We now have an answer.

Republican sources told Fortune that it was unlikely Warsh himself would be the cause of any vote against his candidacy, while Democrat sources say...

yesterday 1

Fortune

Eleanor Pringle

Markets haven’t rallied this fast since COVID—Iran volatility is just another ‘notch on the belt’ of investors, says J.P. Morgan strategist

"I know energy prices will move lower, and I know stocks are going to go back to focus again on the other big existential questions that they were...

previous day 10

Fortune

Eleanor Pringle

‘We have to be able to walk and chew gum’ on government spending, says budget chairman on debt crisis and national security

"I can tell you there are debt hawks like myself that see a debt crisis on the horizon as an equal if not greater and more irreparable threat. We have...

tuesday 10

Fortune

Eleanor Pringle

Investors are writing off any move from the Fed this month—collapsing talks in Iran have sealed the deal

"It is too soon to identify potential second-round effects in inflation or labor markets," cautioned UBS's Paul Donovan.

13.04.2026 10

Fortune

Eleanor Pringle

The next generation of senators has a ticking time bomb in its lap: Social Security’s impending insolvency and no plan for the national debt

"My hope would be that, come January, the campaign is over and [they] lay down some of the weapons and pick up some of the calculators and pencils,...

10.04.2026 10

Fortune

Eleanor Pringle

‘We owe it to the next generation’ to get national debt under control, says think-tank boss, as U.S. borrowing hits $1.2 trillion in just six months

"We can fight over who got the worst end of the shortest stick, but we clearly are doing a disservice to anybody participating in the economy in the...

10.04.2026 10

Fortune

Eleanor Pringle

U.S. government is spending $88 billion a month in interest on national debt—equal to spending on defense and education combined

Maya MacGuineas, president of the Committee for a Responsible Federal Budget, called on lawmakers to "ultimately fix the broken process that got us...

09.04.2026 10

Fortune

Eleanor Pringle

U.S. had a national debt ‘home run’ in its grasp, says Jamie Dimon—but the government did nothing, and now its best option is crisis management

"We haven't had the will yet to actually deal with it, and it's unfortunate because it can end up with a real problem, worse than it would otherwise...

08.04.2026 10

Fortune

Eleanor Pringle

‘There is no silver lining in this trajectory’: Budget watchdog warns of financial, inflation, or currency crisis due to $39 trillion U.S. debt

"It took decades to get us into this hole, and it will take a concerted effort to get out of it."

27.03.2026 10

Fortune

Eleanor Pringle

How badly the war in Iran is impacting your finances depends on where you live

Households whose budgets have a higher allocation toward groceries, fuel and utilities—either because of geography or income—are more exposed to...

26.03.2026 5

Fortune

Eleanor Pringle

Larry Fink says the Iran war ends in one of two extremes: Abundance, growth, and oil at $40 a barrel—or global recession and years of oil at $150

"I could paint a scenario where I could see, a year from now, oil at $40 a barrel, I could see it above $150—we have two very extreme outcomes,"...

25.03.2026 30

Fortune

Eleanor Pringle

Wall Street is ‘bewitched’ by positive news on Iran, says UBS, and investors want to believe the war is over without verifiable information

"Markets are not reacting to information; they are generally reacting to social media posts and headlines—even if those posts or headlines are fake...

24.03.2026 20

Fortune

Eleanor Pringle

Larry Fink says today’s economic anxiety stems from people increasingly feeling like capitalism isn’t working for them

"We are living through a period where things that would've defined a decade have become routine," Fink wrote.

23.03.2026 8

Fortune

Eleanor Pringle

It took 200 years for national debt to hit $1 trillion. Annual interest alone now exceeds that—a ‘crushing legacy we must reverse,’ says budget chair

"Here’s the sad, sobering, and stunning truth: despite the urgency of our fiscal crisis, Congress is paralyzed—unable to meet the urgency of the...

23.03.2026 30

Fortune

Eleanor Pringle

The next time the Fed moves it’ll be to hike, according to one economist—whether or not Trump gets his new Fed chair

"We see the next policy move as a hike with the most likely timing in 1H27," wrote David Doyle.

20.03.2026 20

Fortune

Eleanor Pringle

1 in 5 Americans thinks it’s ‘morally wrong’ to be a billionaire—Gen Z in particular finds it distasteful

People aged between 18 and 29, who are Gen Z, were the most likely to find extreme wealth distasteful. One-third said it was morally wrong.

19.03.2026 20

Fortune

Eleanor Pringle

Trump started a battle with Jerome Powell, but the Fed chairman is winning the war: He won’t leave until probe is ‘well and truly over’

"If my successor is not confirmed by the end of my term as chair, I would serve as chair until he is confirmed. That is what the law calls for."

19.03.2026 6

Fortune

Eleanor Pringle

Economists are ‘loath’ to call a recession, but the odds just hit 49% for the next 12 months according to Moody’s top economist

"If oil prices remain elevated for much longer (weeks and not months), a recession will be difficult to avoid," Zandi said.

18.03.2026 20

Fortune

Eleanor Pringle

A market correction of 10% could be on the cards as consumer psychology shifts due to gas prices, says top economist

"The key issue is not simply crude oil itself. It is gasoline, the most visible price in the economy for consumers, and when that price jumps it hits...

17.03.2026 10

Fortune

Eleanor Pringle

This week is Jerome Powell’s penultimate meeting as chairman of the Fed—don’t expect him to drop Wall Street many hints

"Only expect minor statement tweaks, including smoothed language on recent labour data," noted Deutsche Bank's Jim Reid.

16.03.2026 20

Fortune

Eleanor Pringle

The war with Iran has defense experts wondering if Khamenei will attempt to activate sleeper cells on U.S. soil

"It's one thing to want to do something and then it's another to be able to do something."

15.03.2026 20

Fortune

Eleanor Pringle

When Jamie Dimon was fired from Citigroup, his daughters asked: ‘Will we be homeless? Can I still go to college? Can I have your phone?’

Jamie Dimon recalled his 1998 firing from Citigroup and how buying $60 million in Bank One stock marked his comeback to lead JPMorgan Chase as CEO.

13.03.2026 20

Fortune

Eleanor Pringle

Stagflation risks are rising due to Iran conflict, as economist warns it’s ‘getting harder to argue disruption will be temporary’

"Clearly, the longer that oil remains at these levels, expectations of a sustained shock will only grow," Deutsche Bank's Jim Reid said.

12.03.2026 70

Fortune

Eleanor Pringle

Trump may claim the war is ‘complete,’ but Wall Street expects the Fed to stay hawkish long after the conflict has ended

Even if the war winds down around month-end, that's still enough time "to cause psychic damage to investors, consumers, and adversely affect economic...

11.03.2026 10

Fortune

Eleanor Pringle

‘This cannot be sustainable’: The U.S. borrowed $50 billion a week for the past five months, the CBO says

"We need policymakers to come together, agree to reduce deficits ... and put our national debt on a downward sustainable path as a share of the...

10.03.2026 6

Fortune

Eleanor Pringle

When it comes to the war in Iran don’t go betting on the TACO trade, says top J.P. Morgan investment strategist

“As a strategist, the risk case that we’re worried about is that there’s a lot of potential paths that this can take, that are out of the...

09.03.2026 10

Fortune

Eleanor Pringle

The Treasury may need to borrow an extra $1.6 trillion to cover the hole left by tariff ruling and a pay further $400 billion in debt interest

In total, deficits post-ruling will be $2 trillion larger than they were before the Supreme Court decision.

06.03.2026 20

Fortune

Eleanor Pringle

A shiny new Fed Chairman will be keen to start with an interest rate cut—but the bank is growing more hawkish due to Iran

"Clearly there’s growing scepticism that a new Chair can start cutting straight away, particularly with the data as strong as it is right now,"...

05.03.2026 10

Fortune

Eleanor Pringle

American consumers are the ultimate losers in the ‘immense mess’ that is $175 billion tariff refund, says Trump’s former commerce secretary

The Supreme Court ruling also allowed Trump a peculiar loophole to strengthen his hand against bargaining partners, Ross said.

05.03.2026 87500

Fortune

Eleanor Pringle

U.S. has shown China and Russia ‘who really is a military power,’ says Trump’s ex-commerce secretary—don’t expect them to get involved in Iran

Speaking exclusively with Fortune, Ross said Iran "is going at least as well as anyone could have hoped," and that he is "intrigued" that China and...

04.03.2026 20

Fortune

Eleanor Pringle

Jamie Dimon has a feeling inflation will be the ‘skunk at the party’—and the Iran conflict may already be enough to scare off the Fed for good

"We look at risk, at the broad range of outcomes, and there are negative outcomes. One of them would be inflation, I call it the skunk at the party,"...

03.03.2026 10

Fortune

Eleanor Pringle

Trump’s action against Iran is yet another wobble for government debt, warns UBS

"President Trump indicated attacks could go on for four or five weeks, and there are already reports of a need to urgently replenish weapons...

02.03.2026 40

Fortune

Eleanor Pringle

Your grandparents are the reason the U.S. isn’t in a recession right now. That won’t last forever

Boomers—particularly wealthy older people—are "driving the train" when it comes to the economy right now, economists told Fortune.

01.03.2026 50

Fortune

Eleanor Pringle

Come 2030, the U.S. deficit will be worth 5.9% of GDP—more than the spending on social security, and equal to major health programs

Come 2030, the annual deficit will be worth roughly 5.9% of GDP, on par with the provisions set aside for health and social security programs, and...

26.02.2026 10

Fortune

Eleanor Pringle

Gen Z and young millennials are the only ones feeling good about the economy—everyone else is worrying about trade and inflation

"Comments about prices, inflation, and the cost of goods remained at the top of consumer’s minds. Mentions of trade and politics also increased in...

25.02.2026 20

Fortune

Eleanor Pringle

Jamie Dimon’s got some advice to investors riding high on asset prices: ‘Take a deep breath and watch out’

"If you read history books, there are a lot of examples where you could get surprised," Dimon told analysts yesterday.

24.02.2026 10

Fortune

Eleanor Pringle

Scott Bessent has ‘got a feeling’ that $175 billion raised under IEEPA is lost to the American people for good

"My sense is that could be dragged out for weeks, months, years," Treasury Secretary Scott Bessent said.

23.02.2026 1000

Fortune

Eleanor Pringle

Jerome Powell knows the Fed’s balance sheet got too big—Kevin Warsh has a plan, he just has to sell it without freaking out the markets

"I've got a lot of sympathy for Warsh's view. But the transition from here to where he wants to get, could be problematic."

21.02.2026 200

Fortune

Eleanor Pringle

Trump’s justification for the tariffs was rebalancing the trade deficit—it’s not going the way he wanted

Perhaps unsurprisingly, given the escalating tensions between Washington and Beijing, in 2025 the deficit with China decreased $93.4 billion to $202.1...

20.02.2026 20

Fortune

Eleanor Pringle

A headache is already emerging for Kevin Warsh at the Fed: some members aren’t just resisting a rate cut, they’re open to a hike

"While Warsh may enter with a perceived dovish bias, he will first need to demonstrate that his views are anchored in economic fundamentals rather...

19.02.2026 10

Fortune

Eleanor Pringle

Job hopping for better wages no longer pays off the way it used to, ADP analysis says

In some roles, it actually pays to stick with the same employer. In leisure and hospitality and IT, workers who stayed in their roles actually saw...

18.02.2026 20

Fortune

Eleanor Pringle

Jerome Powell is facing a ‘puzzlement’ of economic data, with contradictions likely to freeze any immediate action on the base rate

"Such confusion often leads to inertia, and we suspect that there will be no knee-jerk policy reaction to any of the week’s reports," Oxford...

17.02.2026 30

Fortune

Eleanor Pringle

Brian Moynihan isn’t so worried about an AI jobs bloodbath, pointing to a 1960s theory that computers would end all management roles

"People wrote ... in 1969 that there would be no managers left in business because the computer itself would eliminate the need for managers, because...

16.02.2026 50

Fortune

Eleanor Pringle

Trillion-dollar AI market wipeout happened because investors banked that ‘almost every tech company would come out a winner’

"Nobody truly knows who the long-term winners and losers of this extraordinary technology will be," Deutsche's Jim Reid wrote this morning.

16.02.2026 20

Fortune

Eleanor Pringle

We’ve probably already seen ‘Peak Trump,’ says PIMCO, with the Oval Office now constrained by courts and midterms

"Markets may be reminded that under the U.S. Constitution, no president—even one as historic as President Trump—has unchecked power," PIMCO's...

13.02.2026 50

Fortune

Eleanor Pringle

Welcome to the ‘E-shaped’ economy: Wealth gap is no longer between just high and low earners, the middle class is also struggling out on its own

A look at BofA's data shows the shape of the consumer economy is no longer a K—if we're sticking with the alphabet theme, one might suggest an 'E'...

12.02.2026 10

Fortune

Eleanor Pringle

America’s national debt borrowing binge means interest payments will rocket to $2 trillion a year by 2036, CBO says

Annual interest payments will double to $2.14 trillion by 2036, nearly double the yearly budget for spending on defense.

12.02.2026 200

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Eleanor Pringle

Trump’s Canada bridge meltdown dismissed by UBS as an unlikely TACO trade ‘in the post-Heated Rivalry environment’

Trump's claim that a trade deal between China and Canada would result in an ice hockey ban "perhaps underestimates the general Canadian support for...

10.02.2026 10

Fortune

Eleanor Pringle

China might be beginning to back away from U.S. debt as investors get nervy about over-exposure to American assets

BRIC nations have been "quietly leaving the Treasury market," ING observed in December.

09.02.2026 10

Fortune

Eleanor Pringle

Software selloff giving you deja vu? We’ve been here before, says Deutsche Bank, when the dotcom bubble burst

"Interestingly, that pattern echoes what we saw in 2000 as the dot-com bubble started to burst," Deutsche's Henry Allen wrote. "Equities started to...

06.02.2026 10

Fortune

Eleanor Pringle