Economy News

Economy

Senate to Grill Trump's Treasury Nominee Bessent in High-Stakes Hearing on January 16

The US Senate Finance Committee is set to hold a confirmation hearing for Scott Bessent, President-elect Donald Trump's Treasury Secretary nominee, on January 16. The hearing follo...

Economy

Federal Reserve's Bowman Highlights December Rate Cut as Final Policy Recalibration Step

Federal Reserve Governor Michelle Bowman supports the December rate cut as the final step in policy recalibration, noting the nearing of the policy rate to its neutral level and th...

Economy

Fed's Barkin Optimistic: US Economy Set for Continued Growth into 2025

Federal Reserve Bank of Richmond President Thomas Barkin expresses optimism about the US economy's resilience and growth prospects into 2025, highlighting lower consumer debt level...

Economy

Fed's Schmid Suggests Interest Rates May Be Approaching Long-Term Stability

Federal Reserve Bank of Kansas City President Jeff Schmid believes the Fed's interest rates are nearing their long-term level, advocating for a neutral policy stance and gradual ad...

Economy

UN Revises Upwards: Global Economic Growth to Hit 2.8% in 2025 Amid Resilience and Challenges

The United Nations has revised its global economic growth forecast for 2025 to 2.8%, citing resilience in the past year. Growth projections for the US and China have increased, whi...

Economy

Stabilization of Inflation Through Declining Impact of Energy Prices, Says BoE's Breeden

Bank of England's Sarah Breeden discusses the diminishing impact of energy price shocks on inflation, indicating a trend towards economic stability. Insights into the evolving dyna...

Economy

Federal Reserve's Rate-Cutting Strategy: Insights from Philadelphia President Patrick Harker

Federal Reserve Bank of Philadelphia President Patrick Harker discusses the central bank's ongoing interest rate-cutting strategy, emphasizing a data-dependent approach amidst glob...

Economy

Boston Fed's Susan Collins Advocates for Gradual Monetary Policy Amid Inflation Concerns

Susan Collins, President of the Federal Reserve Bank of Boston, emphasizes a cautious approach to monetary policy, noting the resilience of the labor market and the persistence of ...