Economy - Page 34

The latest news and insights on economic trends and global markets.

February 24, 2026

PBOC Holds Rates as Growth Slows

Benchmark lending rates unchanged again China’s central bank left its key lending benchmarks untouched on Tuesday, underscoring policymakers’ cautious approach as they attempt to revive momentum without unsettling the currency. The People’s

February 18, 2026

Fed Weighs Rate Hikes if Inflation Persists

Officials Signal Possible Upward Moves Minutes from the Federal Reserve’s most recent policy meeting show that some officials are considering the possibility of raising interest rates if inflation remains above the central

February 16, 2026

TUC pushes for rate cuts as growth stalls

Unions warn of weak consumer momentum The Trades Union Congress has called on the Bank of England to accelerate interest rate cuts, arguing that sluggish domestic demand poses a greater threat to

Tentative Deal Reached: ILA and USMX End Strike, but Automation Issues Loom

by Jamie Spencer

After days of disrupted operations at East Coast and Gulf Coast ports, the International Longshoremen’s Association (ILA) and the United States Maritime Alliance (USMX) have reached a tentative agreement on wages, bringing

October 4, 2024

U.S. Crude Oil Prices Continue Decline Amid Rising OPEC+ Supplies and Weak Chinese Demand

by Jamie Spencer

U.S. crude oil prices are on track for a third consecutive monthly decline in September, driven by increasing supplies from OPEC+ and a drop in demand from China, the world’s largest importer

September 30, 2024

China’s Factory Activity Contracts for Fifth Straight Month Amid Economic Struggles

by Jamie Spencer

China’s manufacturing sector saw its activity contract for the fifth consecutive month in September, highlighting the continued challenges faced by the world’s second-largest economy in rekindling growth. The latest data from the

September 30, 2024

Federal Reserve’s Bostic Cautions on Further Rate Cuts Amid Inflation Concerns

by Jamie Spencer

Federal Reserve Bank of Atlanta President Raphael Bostic has signaled cautious optimism as the central bank begins its rate-cutting cycle, starting with a larger-than-expected half-point reduction. The move, aimed at stabilizing the

September 23, 2024

Fed’s Rate Cut Shakes Markets as Wall Street Stays Steady

by Jamie Spencer

In a surprising move, the Federal Reserve implemented a larger-than-expected interest rate cut on Wednesday, a strategy aimed at revitalizing the slowing U.S. economy. The half-percentage point reduction, the first in over

September 18, 2024

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Economy - Page 34