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Fed's Powell Says No Need to Hurry Rate Cuts
Strong Economy Leaves Fed in No Hurry to Cut Interest Rates, Says Chair Powell
But if inflation continues to inch upward, the central bank may decide it needs to leave rates high to avoid a repeat of runaway inflation. Inflation peaked at 9.1% in June 2022 before slowly making its way back down closer to the Fed's target range of 2%.
Powell says no need for Fed to rush rate cuts given strong economy
Ongoing economic growth, a solid job market, and inflation that remains above the 2% target means the U.S. central bank does not need to rush to lower interest rates and can deliberate carefully, Federal Reserve Chair Jerome Powell said on Thursday.
Powell Says Solid Economy Allows Fed to Consider Rate Cuts ‘Carefully’
The U.S. central bank has lowered interest rates by 0.75 point since September.
China’s Economy Picks Up
China’s Economy Picks Up, but Still Needs More Help
Friday’s data shows that Beijing’s recent cascade of monetary and fiscal easing measures have yet to fully reinvigorate an economy weighed down by a yearslong property-sector slump.
China Economy Stabilizes as Consumption Rises More Than Expected
China’s economy showed signs of stabilization last month, buoyed by the highest retail sales growth in eight months and indicating Beijing’s latest round of stimulus has boosted some key sectors.
China’s economy picks up pace – but recovery remains fragile
China’s economy is trying to find its footing, but the numbers tell a story of progress mixed with setbacks. October’s industrial production rose 5.3% compared to the same month last year. While it’s a slight dip from September’s 5.
8h
on MSN
3 reasons why Russia's economy can survive without crisis for up to 5 more years, think-tank economists say
Expectations that Russia's economy will struggle are misplaced, and multiple factors should keep the nation resilient, three ...
USA Today
2d
Heading into election, economy looked good — on paper. Here's why that didn't help Harris
"The U.S
economy
is the envy of the world," said Rutgers Business School finance professor Parul Jain. "Why didn’t that ...
1d
Voters said Trump won because of the economy. Will Mass. Democrats listen?
Americans sent a pretty clear message that they wanted those in office to focus on making life more affordable,” Governor ...
1d
Cuba sees growth unlikely in 2024 as hurricanes, earthquakes rattle economy
Cuba is unlikely to see any growth in 2024, Economy Minister Joaquin Alonso said on Thursday, as its already sputtering state ...
7h
on MSN
Trump will inherit the strongest economy in 50 years. Project 2025 could destroy it. | Opinion
President-elect Donald Trump will inherit what I consider the strongest domestic
economy
in 50 years. Job growth, wage ...
Opinion
4d
Opinion
‘People Are in for a Really Rude Shock’ on Trump’s Economy
The economist and Times Opinion columnist Paul Krugman details the president-elect’s “seriously inflationary” economic plans.
2d
It was the stupid economy
"I rarely see commentators address many of the things Democrats have done to try to improve the lives of the working class," ...
Yahoo
6h
Economic leaders: Immigration and the economy can’t be separated
Trump cruised to victory on Nov. 5 after a campaign that was based mostly around attacking immigration and criticizing the ...
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