Powell Stands Firm as Trump Escalates Fed Pressure
Fed Chair Resists Calls to Resign Amid Political Firestorm Federal Reserve Chair Jerome Powell has made it clear to allies that he will not step down under pressure from President Donald Trump,
Bank of England Watches U.S. Tariffs’ Impact on U.K. Growth
Bank of England Governor Andrew Bailey expressed concern Thursday over the potential impact of U.S. tariffs on U.K. economic growth, especially if global trade experiences a slowdown. Bailey, in an interview at
Fed May Reconsider Approach to Inflation and Jobs: Powell
The U.S. Federal Reserve is considering revising key elements of its monetary policy framework, especially regarding jobs and inflation, as it faces the possibility of more frequent and persistent supply shocks. This
New Zealand Inflation Holds Steady at 2.2% in Q4
What Happened New Zealand’s annual inflation rate remained unchanged at 2.2% in the fourth quarter of 2024, defying expectations of a slight decline to 2.1%, according to data released by Statistics New
Bank of England Rate Cut Expectations Wane Amid Sticky Inflation
Investor confidence in significant rate cuts from the Bank of England (BOE) next year has diminished, with sticky inflation and robust wage growth fueling doubts about aggressive monetary easing. Money markets now
Fed Cuts Rates Again but Signals Limited Reductions Ahead
The Federal Reserve on Wednesday delivered its third consecutive interest rate cut, reducing its key rate by a quarter percentage point. The move brings the target range for the federal funds rate
China Plans Record Fiscal Deficit to Boost 2025 Growth
Chinese leaders have agreed to raise the budget deficit to 4% of gross domestic product (GDP) in 2025, marking the highest level on record. The move reflects a more proactive fiscal policy
Fed Expected to Cut Rates for Third Consecutive Meeting Despite Inflation Concerns
The Federal Reserve is poised to lower interest rates this week for the third consecutive meeting, even as inflation remains elevated and the economy shows resilience. This decision has sparked debate among
China Pledges Proactive Fiscal and Monetary Policies for 2025
China’s leaders have outlined plans for a more proactive fiscal approach and moderately looser monetary policy in 2025 to support domestic consumption and stabilize key markets. The announcements were made during a
Federal Reserve’s Monetary Policy Update: November Rate Cut and 2024 Economic Insights
The Federal Open Market Committee (FOMC) reduced its benchmark interest rate by a quarter percentage point during its November meeting, setting the federal funds rate target range at 4-1/2 to 4-3/4 percent.
Canada’s October Inflation Rises to 2% Amid Base-Year Effects, Economists Debate BoC’s Next Move
Canada’s inflation rate rose to 2% in October, up from 1.6% in September, driven by base-year effects on gasoline prices, Statistics Canada reported on Tuesday. This increase has stirred mixed reactions among
Trump’s Victory Sets Stage for Fed Showdown Amid Policy Shifts
As President-elect Donald Trump prepares to re-enter the White House, speculation is mounting over how his policy agenda will impact the Federal Reserve’s direction under Chair Jerome Powell. During a press conference
Bank of England Cuts Rates, Raises Inflation Forecast
The Bank of England (BOE) cut interest rates by 25 basis points on Thursday, bringing the central bank’s key rate down to 4.75%. This move, supported by an 8-1 vote from the