Latest Updates Around The World
Federal Reserve Governor Stephen Miran has warned that the US central bank’s current monetary policy stance threatens to slow down an economy further supported by a series of budget initiatives from the Trump administration, including tax cuts, Reuters reported.Speaking at an event hosted by the Federal Reserve Bank of Dallas, Miran argued that policymakers may […]
The Federal Reserve is likely to leave interest rates unchanged for now, as indicated by two central bank policymakers. Officials are awaiting further economic data on jobs and inflation, an AFP report said.Cleveland Fed President Beth Hammack suggested current interest rate levels could be maintained for an extended period, citing a cautiously optimistic outlook for […]
The number of Americans filing new claims for unemployment benefits fell slightly over the past week, still consistent with relatively low layoffs, though weak hiring is fueling household concerns about the job market.Initial claims for state unemployment benefits fell by 1,000 to a seasonally adjusted 209,000 for the week ending Jan. 24, the Department of […]
The new year starts with US jobs data, a rebalancing of commodity indices and an OPEC+ meeting. The markets are gearing up for more IPOs, and much of the enthusiasm that fueled the 2025 market peaks is seemingly intact. But there are plenty of risks on the horizon, with a U.S. Supreme Court tariff ruling […]
Concerns about the impact of AI on workers continue to grow, in line with the pace of developments and new products that promise automation and efficiency. There is evidence that fear is justified. November’s MIT Research shows that an estimated 11.7% of jobs exist could already be automated using AI. Surveys have shown that employers […]
Two officials who voted against the Federal Reserve’s decision to cut rates again this week cited the need for more economic data and too high inflation in their statement Friday.Chicago Fed President Austan Goolsbee had joined Kansas City Fed President Jeffrey Schmid in pushing for keeping interest rates unchanged during the central bank’s two-day policy […]
Topline The number of Americans filing for unemployment benefits fell more than expected last week to a seven-month low, the Labor Department said, as concerns about a struggling labor market persist. Recent economic data and analysts have warned of a cooling labor market in recent months. MediaNews Group via Getty Images Key facts There were […]
Dallas Federal Reserve President Lorie Logan on Friday called for leaving the policy rate on hold “for a while” while the central bank assesses how much of a drag the current level of borrowing costs is putting on the economy, with rising stock prices one reason to think it won’t be much.In her remarks in […]
