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The Latest Breaking News from Economy

Powell: Federal Reserve to stay on hold amid widespread economic uncertainty

Chair Jerome Powell says in written remarks that the Federal Reserve is likely to keep its key interest rate unchanged in the coming months as it waits for widespread “uncertainty” stemming from President Donald Trump’s policies to resolve

The Independent UK

Treasury Secretary Scott Bessent says the economy may slow as part of a ‘detox’ from government spending

Bessent said employment should come from private companies, not the federal government.

Fortune

Dollar Falls on Tariff Concerns and a Dovish US Feb Payroll Report

The dollar index (DXY00 ) today is down by -0.31% at a 4-month low. The dollar has fallen every day this week and remains under pressure due to the negative impact of US tariffs on the US economy. Losses in the dollar accelerated today on the dovish US Feb payroll...

Barchart

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Welfare cuts won’t succeed without healthier jobs

The UK could be poised to cut billions of pounds from its welfare spend as the Treasury takes the view that there is less room for manoeuvre in the finances than hoped. Only last October, Chancellor Rachel Reeves believed she had almost £10 billion of so-called “fiscal headroom”, essentially a…

The Conversation

Military spending is touted as a remedy for Britain’s ailing economy. Here’s why it won’t work

Since the 1980s Britain’s military spending has grown in real terms, yet more than half of military jobs have been lost. The sector is hi-tech and low labour, says Khem Rogaly, a senior research fellow at the thinktank Common Wealth

The Guardian - UK

US added 151,000 jobs last month but sees unemployment tick up in first report on Trump’s economy

Economists forecast that the figure would be 160,000 ahead of the eagerly awaited report

The Independent UK

US job market grows amid threats of mass federal layoffs and Trump tariffs

Economy adds 151,000 jobs in February, up from January as unemployment unchanged from last month

The Guardian - US

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‘Broken’ welfare system holding people and economy back – Number 10

Downing Street said there has been an ‘unsustainable rise in welfare spending’ and reforms will be set out in ‘the coming weeks’.

Evening Standard

Dollar ‘falls out of favour’ as Donald Trump's on-off tariffs hit US economy and threaten price hikes

The US president’s protectionist polices are sparking economic concerns around the world

Evening Standard

Apple Step Closer To Seeing End Of Indonesia IPhone Sales Ban

Indonesia approved local certificates for more than a dozen Apple products on Friday, the industry ministry said, moving the tech giant a step closer to having a ban lifted on iPhone sales in Southeast Asia's biggest economy.

International Business Times

U.S. economy likely generated a solid 160,000 jobs last month, but Trump's trade wars cloud outlook

The U.S. labor market likely kept on churning out jobs last month, economists say, but the outlook is cloudy and getting cloudier as the Trump administration wages trade wars, purges federal employees and seeks to deport millions of immigrants

The Independent UK

Cut NHS waiting lists and economy will grow – Murray

According to figures released this week, more than 700,000 people are on an NHS Scotland waiting list for a procedure.

The Independent UK

Economic Concerns from Tariffs Undercut the Dollar

The dollar index (DXY00 ) Thursday fell by -0.21% and posted a 4-month low. The dollar is under pressure because of the negative impact of US tariffs on the US economy. Also, the euro’s strength weighed on the dollar after EUR/USD Thursday jumped to a 4-month high when the ECB...

Barchart

Reeves to be forced into fresh tax hikes or austerity drive by faltering economy, top economists warn

Rachel Reeves is warned it will be tough to find extra money for defence spending without raising taxes

The Independent UK

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Barchart

Dollar Extends This Week’s Losses as the Euro and Yen Advance

The dollar index (DXY00 ) today is down by -0.44%. The dollar extended this week’s slide to a 4-month low. The dollar is under pressure because of the negative impact of US tariffs on the US economy. Also, the strength of the euro weighed on the dollar after EUR/USD today...

The Independent UK

China slams US tariffs, says its economy is resilient but there are no winners in a trade war

China's commerce minister says Beijing will not yield to bullying and its economy can weather tariffs and other challenges, though there are “no winners in a trade war."

The Independent UK

Mortgage rates have declined but could stay at a level that makes it tough to afford a home

Mortgage rates have been mostly declining in recent weeks, helping encourage prospective home shoppers just as the spring homebuying season gets going

Al Jazeera

‘Cool head’: How Mexico’s Claudia Sheinbaum got Trump to halt some tariffs

Unlike Canada’s Trudeau, Sheinbaum has been more diplomatic while insisting on protecting Mexican interests. Here’s why.

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Fortune

The stagflation nightmare of the 1970’s could rear its ugly head again to take a toll on Americans’ wallets and livelihoods

The combination of slow growth and high inflation is now a possibility, say experts.

Salon

Trump blames workers for economic chaos

When Grandma's Social Security check goes missing, Trump and Musk plan to call her a "fraud"

International Business Times

Chinese Economy Faces Rising International 'Uncertainty', Official Says

China's economy is facing growing "uncertainty" in the international environment, as well as insufficient domestic demand, a top official said on Thursday, as Beijing vowed to boost spending and cut rates to lift flagging growth.

The Guardian - UK

European Central Bank cuts interest rates again, by quarter point – as it happened

Central bank lowers growth projections as it warns trade war fears are hurting Europe

The Independent UK

Stock market today: Asian shares rebound after Trump pullback on some tariffs cheers investors

Asian shares are mostly higher, tracking a rebound on Wall Street after President Donald Trump pulled back on some of his tariffs

AAP

Home approvals rise as Australia's economy turns corner

Promising housing data and a return to growth in real household incomes augur well for the Australian economy in 2025.

Barchart

Dollar Falls on Fears of Hit to US Economy from Tariffs

The dollar index (DXY00 ) Wednesday fell by -1.38% and posted a 3-3/4 month low. The dollar was undercut by concern about the negative impact of US tariffs on the US economy. Also, strength in the euro weighed on the dollar after EUR/USD Wednesday jumped to a 3-3/4 month high....

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