US Federal Reserve Chair Jerome Powell speaks at the Economic Club of Chicago in Chicago, Illinois, on April 16, 2025. Kamil Krzaczynski | Afp | Getty Images The Federal Reserve heads into its closely watched policy decision Wednesday with a strong incentive to do absolutely nothing. Faced with unresolved questions over President Donald Trump’s tariffs…
A Forever 21 store in New York, in March 2025. Yuki Iwamura | Bloomberg | Getty Images The shadow of a U.S. recession is growing longer and darkening the outlook for both consumers and CFOs alike, according to various surveys tracking sentiment in March. That said, Wall Street has risen over the past three days…
The “good ship Transitory,” despite an ominous record, appears ready to sail again for the Federal Reserve. Economic projections the central bank released Wednesday indicate that while officials see inflation moving up this year more rapidly than previously expected, they also expect the trend to be short-lived. The outlook spurred talk again about “transitory” inflation…
U.S. Federal Reserve Chair Jerome Powell testifies before a Senate Banking, Housing and Urban Affairs Committee hearing on “The Semiannual Monetary Policy Report to the Congress,” at Capitol Hill in Washington, U.S., Feb. 11, 2025. Craig Hudson | Reuters Federal Reserve officials at this week’s meeting are expected to hold interest rates steady but adjust…
Eggs for sale in a Manhattan grocery store on Feb. 25, 2025, in New York City. Spencer Platt | Getty Images The U.S. consumer hasn’t felt so glum about the economy since November 2022, according to a survey by the University of Michigan. That’s when annual inflation was at 7.1% and Federal Reserve Chair Jerome…
A person browses a grocery store following the announcement of tariffs on Canadian and Mexican goods by U.S. President Donald Trump, in Toronto, Ontario, Canada, on March 4, 2025. Arlyn Mcadorey | Reuters With concerns running high that President Donald Trump’s tariff policies will aggravate inflation, a report Wednesday could deliver some mildly encouraging news….
U.S. President Donald Trump signs executive orders in the Oval Office of the White House on March 06, 2025 in Washington, DC. President Trump signed a series of executive orders, including lifting 25% tariffs for all goods compliant under USMCA trade agreement. Alex Wong | Getty Images News | Getty Images Global markets have been…
Lawrence Wong, Singapore’s then deputy prime minister and finance minister, speaking during the Milken Institute Asia Summit in Singapore, on Sept. 13, 2023. Wong, now the country’s prime minister, is due to deliver the budget on Feb. 18. Bloomberg | Bloomberg | Getty Images Singapore is gearing up for its first budget under Prime Minister…
US Federal Reserve Chairman Jerome Powell speaks at a press conference after the Monetary Policy Committee meeting in Washington, DC, on December 18, 2024. Andrew Caballero-Reynolds | AFP | Getty Images The Federal Reserve gathers this week for the first time in the second presidential term of Donald Trump, who has already signaled that he…
Reuters Almost all Gaza’s population has been displaced by the war Israel and Hamas are thought to be close to agreeing a deal which could halt the war in Gaza and see the release of Israeli hostages and Palestinian prisoners. It would be the most dramatic breakthrough in 15 months of war, which began when…
