Economy News

Economy

China's Manufacturing Sector Faces Slight Contraction in July, PMI Dips Below Expectations

China's manufacturing sector contracted slightly in July, with the PMI dropping to 49.3, below expectations. The non-manufacturing sector also saw a marginal decline, indicating br...

Economy

Federal Reserve Holds Steady: Interest Rates Remain Unchanged Amid Economic Uncertainty

The Federal Reserve has decided to keep interest rates unchanged between 4.25% and 4.5% for the fifth time in a row, amid mixed economic signals including moderated growth and soli...

Economy

Jerome Powell Remains Silent on Future Fed Role Post-2026 Chairmanship

Federal Reserve Chair Jerome Powell has not disclosed whether he will remain on the Fed's board as a governor after his chair term ends in 2026, amid debates over the potential mar...

Economy

Federal Reserve's Next Move: Powell Hints at Possible Rate Cut in September Amid Economic Uncertainty

Federal Reserve Chair Jerome Powell discusses the possibility of a key interest rate cut in September, citing upcoming employment and inflation data as critical factors. The curren...

Economy

Powell Warns: Trump's Tariffs Begin to Impact Consumer Prices and Inflation

Federal Reserve Chair Jerome Powell discusses how President Trump's tariffs are affecting consumer prices and inflation, noting the economic impact is still unfolding and retailers...

Economy

Powell Stands Firm: Fed's Rate Decisions Unswayed by US Debt Cost Concerns

Federal Reserve Chair Jerome Powell dismisses concerns over interest rates impacting US debt costs, affirming the Fed's focus on employment and price stability, independent of poli...

Economy

Powell Uncertain on Future Fed Rate Decisions Amid Mixed Economic Signals

Federal Reserve Chair Jerome Powell discusses the uncertainty surrounding future interest rate decisions, emphasizing the Fed's reliance on government data and commitment to its in...

Economy

US Treasury Yields Surge Following Unexpectedly Strong Q2 GDP Growth Report

US Treasury yields climbed after a stronger-than-expected Q2 GDP growth report, with the economy expanding at an annualized rate of 3%. The 10-year yield rose to 4.366%, reflecting...