According to a prominent economist, the US economy may be heading towards a hard-landing recession, despite hopes for a softer landing. Stephanie Pomboy, who spent a decade at ISI before…
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Fed
The “Fed” refers to the Federal Reserve System, the central banking system of the United States. It manages monetary policy, regulates banks, and maintains the stability of the country’s financial system, impacting interest rates, inflation, and overall economic health.
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A federal judge in Texas has blocked a US labour board rule that would have made it easier for workers to form unions.
by Celiaby CeliaA federal judge in Texas has halted the implementation of a new rule by the National Labor Relations Board (NLRB), which aimed to streamline the process for workers to form…
- Business
Equity futures inching higher as all eyes are on the key reading on inflation
by Celiaby CeliaIn overnight trading on Monday, stock futures edged higher as investors awaited a pivotal inflation report that could influence the Federal Reserve’s monetary policy trajectory. Futures tied to the Dow…
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Investors are eagerly awaiting Tuesday’s release of the February consumer price index (CPI) survey by the U.S. Bureau of Labor Statistics, a pivotal report expected to shed light on recent…
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President Biden Targets “Junk Fees” in Economic Agenda, Experts Question Efficacy
by Celiaby CeliaPresident Joe Biden’s focus on cracking down on “junk fees” as part of his economic agenda has drawn scrutiny from experts who argue that the emphasis on fees is a…
- Business
Dow’s worst weekly performance since October sends US stock futures lower
by Celiaby CeliaU.S. stock futures experienced a slight decline Sunday night following the Dow Jones Industrial Average’s closure of its worst week since October. Investors are eagerly awaiting inflation data slated for…
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Powell says the Fed is ‘not that far away’ from the point where it can cut interest rates
by Celiaby CeliaFederal Reserve Chair Jerome Powell hinted on Thursday that interest rate cuts could be on the horizon if inflation signals align favorably. During his testimony to the Senate Banking Committee,…
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The Federal Bureau of Investigation (FBI) disclosed in a report released Wednesday that a record $12.5 billion in losses from online scams were reported in 2023, driven primarily by a…
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Major averages claw back some of this week’s losses as stock futures edge lower
by Celiaby CeliaStock futures edged lower on Thursday after the major averages broke a two-day losing streak with gains in the prior session. Futures linked to the Dow Jones Industrial Average slipped…
- Business
Federal Reserve Chairman Faces Market Expectations and Economic Uncertainty
by Celiaby CeliaFederal Reserve Chairman Jerome Powell is set to appear before Congress on Wednesday and Thursday, where he will confront market expectations and economic uncertainties amidst changing dynamics in monetary policy.…
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