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The Latest Breaking News from Economy

Biden makes ‘declaration of progress’ on economy after Fed cuts interest rates

Interest rates going down ‘will provide relief by making things more affordable’

The Independent UK

No, Trump-Style Tariffs Do Not Grow the Economy

The America of the past grew in spite of tariffs, not because of them.

Reason

US Fed Rate Cut Is 'Very Positive Sign' For Economy: Yellen

The US central bank's decision to slash interest rates this week is a "very positive sign" for where the world's biggest economy stands, US Treasury Secretary Janet Yellen said Thursday.

International Business Times

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OPINION - The one metric where the UK economy beats the US

Money versus job satisfaction. It is the perennial professional quandary, but there may in fact be one exception: central banking. Jerome Powell, chair of the US Federal Reserve, earns $190,000 per year for the privilege of overseeing the greatest economy the world has ever seen. I'm not saying the job…

Evening Standard

Why is the Bank of England being cautious in delaying rate cuts?

While the UK is far from overheating, the MPC still sees inflationary dynamics within the economy

The Guardian - UK

The EU’s latest proposal to save its economy aims to avoid a ‘slow agony’ – but it lacks bold ideas

In Brussels, the talk of the town is a report on the future of European competitiveness, calling for fundamental economic reforms to avoid a “slow agony” for the European economy. The report, by former president of the European Central Bank Mario Draghi, is a “door stopper” of 400 pages, including…

The Conversation

Russian attacks on Ukraine power grid probably violate humanitarian law: UN

International Energy Agency also warns coming winter would prove to be ‘sternest test yet’ for Ukraine’s energy grid.

Al Jazeera

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Stocks Soar Before the Open as Fed’s Big Rate Cut Boosts Sentiment, U.S. Economic Data and FedEx Earnings on Tap

September S&P 500 E-Mini futures (ESU24) are up +1.48%, and September Nasdaq 100 E-Mini futures (NQU24) are up +2.03% this morning on expectations the Federal Reserve’s half-percentage-point rate cut will steer the U.S. economy toward a “soft landing,” while investors awaited a new round of U.S. economic data and an…

Barchart

Economy high on voters' mind ahead of Sri Lanka presidential election

Sri Lankan voters will head to the polls this Saturday to choose a new president. We'll see why the economy will be at the heart of the campaign with the financial collapse of 2022 still present in peoples' minds. In 2024, economic indicators have recovered but Sri Lankans are still…

France 24

Bank of England governor ‘optimistic’ that interest rates can be cut, after ‘no change’ decision today – as it happened

Cautious Bank of England governor says “we need to be careful not to cut too fast or by too much”, after leaving borrowing costs unchanged in 8-1 vote

The Guardian - UK

Vietnamese Real Estate Tycoon Faces Second Trial For Fraud

Vietnamese real estate tycoon faces second trial for .5 billion financial fraud, impacting economy and investor confidence.

Top News

Vatican's Assessment On Medjugorje Spiritual Experience

Explore the Vatican's assessment of the reported apparitions of the Virgin Mary in Medjugorje, Bosnia, and its impact on the region's economy and religious...

Top News

Sri Lanka's presidential election a test for current leader, 2 years after its economy hit bottom

Sri Lankans who usually vote along religious and ethnic lines will be keeping another factor in mind when they vote Saturday on a new president

The Independent UK

The severity of Australia’s housing affordability crisis is obvious - this is how politicians could fix it

Affordability is too important to allow this status quo to continue. Housing underpins our economy and our society

The Guardian - AU

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AAP

'Miserable' GDP result as New Zealand shrinks again

New Zealand's economy has shrunk for the fifth time in the past seven quarters, with an 0.2 per cent contraction in the period to June.

The Conversation

Fed slashes rates by a half-point – what that means for the economy and the presidential election

In a widely anticipated move, the Federal Reserve announced on Sept. 18, 2024, that it was cutting its benchmark interest rate by half a percentage point to a range of 4.75% to 5% – the first time the cost of borrowing has been lowered in four years.

Fortune

The stock market dipped after a historic Fed rate cut. Here’s what the experts think

“This is a Fed that believes they are behind the curve,” Robert Minter, director of ETF Investment Strategy at abrdn, told Fortune.

Top News

Trump Suggests Fed's Interest Rate Cut Could Be Political Move

Former President Trump questions Federal Reserve's interest rate cut, sparking debates on economic policy and political influence.

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news in one place.

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Top News

Trump Suggests Fed's Interest Rate Cut Could Be Political

Former President Trump questions Federal Reserve's rate cut motives, sparking debate on economic policy and political dynamics.

The Guardian - US

Federal Reserve cuts US interest rates for the first time in four years

Central bank makes cuts after holding rates at two-decade high in aggressive bid to cool inflation

Top News

Federal Reserve Cuts Rates Amid Concerns Over Rising Unemployment

The recent jumbo-sized rate cut by the Federal Reserve raises concerns about the US economy's health and rising unemployment.

The Guardian - UK

UK must stop being naive over resetting relations with EU, thinktank says

European Centre for International Political Economy outlines a plan to bring the two sides closer

Top News

Federal Reserve's Impact On US Economy Explained

Learn about the Federal Reserve's role in shaping the US economy through interest rates and data-driven decision-making.

AAP

Healthy jobs numbers to keep RBA on the sidelines

Australia's economy may be limping along but jobs are still going, although mostly part-time gigs and predominantly roles in the public sector.

The Guardian - UK

IMF postpones Russia visit after heavy criticism across Europe

Trip to Moscow to review economy delayed indefinitely after protests it would ‘normalise relations with aggressor’

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