U.S. economy News

Fed's Beige Book Reveals: U.S. Economic Activity Shows Minimal Change Amid Rising Uncertainties

The Federal Reserve's Beige Book indicates minimal change in U.S. economic activity, with mixed growth across districts, slight employment variations, and universal price increases...

Chevron CEO Optimistic: U.S. Economy Shows No Immediate Signs of Recession Despite Trade Tensions

Chevron CEO Michael Wirth expresses confidence in the U.S. economy's resilience, citing no immediate recession risks despite tariff-induced uncertainties. The IMF, however, has low...

Trump Calls for End to Decades of Unfair Foreign Trade Practices, Targets EU and Japan

President Donald Trump criticizes decades of unfair foreign trade practices, targeting the EU and Japan, and outlines eight forms of non-tariff cheating affecting U.S. interests.

Hassett Confirms Major Breakthrough in EU Tariff Negotiations Amid Economic Optimism

Kevin Hassett, U.S. National Economic Council Director, dismisses recession fears and announces progress in EU tariff talks. He also addresses insider trading allegations and previ...

Fed's Williams Warns: Trump Tariffs Could Skyrocket Inflation to 3.5%-4% This Year

Federal Reserve Bank of New York President John Williams predicts Trump's tariffs could push U.S. inflation to 3.5%-4%, with GDP growth slowing below 1% and unemployment rising. De...

BlackRock's CEO Larry Fink Warns: The U.S. Economy Might Already Be in a Recession

BlackRock CEO Larry Fink warns that the U.S. economy might already be in a recession, citing significant deterioration and prolonged uncertainty due to reciprocal tariffs, which is...

Powell Assures: U.S. Economy Remains Strong Despite Uncertainties, Fed Takes Patient Stance

Federal Reserve Chair Jerome Powell confirms the U.S. economy's solid performance, citing strong employment data. He discusses the unpredictability of tariffs and emphasizes a pati...

Jerome Powell Asserts U.S. Economy's Strength Amid Uncertainties and Tariff Debates

Federal Reserve Chair Jerome Powell remarks on the U.S. economy's solid performance, low unemployment, and the uncertainty surrounding tariffs and monetary policy decisions.

Jerome Powell Highlights Economic Strength Amid Uncertainty, Fed Takes Cautious Stance

Federal Reserve Chair Jerome Powell comments on the U.S. economy's strength, citing solid nonfarm payrolls and low unemployment. He addresses uncertainty, tariffs, and the Fed's ca...

Powell Assures U.S. Economy Remains Strong Despite Uncertainties, Eyes on Future Policies

Federal Reserve Chair Jerome Powell affirms the U.S. economy's solid performance, citing low unemployment and the latest nonfarm payrolls. Amid uncertainties, the Fed adopts a pati...

Trump Announces 25% Tariff on Korea, Signals Upcoming Levies on Semiconductors and Pharmaceuticals

President Trump has set a 25% tariff on South Korea and plans new tariffs on semiconductors and pharmaceuticals, causing stock market volatility and international trade discussions...

Exploring the Uncertain Future of Tariffs: Fed's Williams Weighs In on Economic Impact

Federal Reserve Bank of New York President John Williams discusses the early stages of understanding tariff impacts, emphasizing uncertainty and the need for data monitoring. He al...

Oil Prices Bounce Back: A 1% Surge to Recover from Yesterday's Plunge

Crude oil prices surged over 1% on Tuesday, attempting to recover from the previous day's market selloff. Investors are focused on U.S. economic indicators and the impact of tariff...

Trump's Inauguration Day Triumph: $3 Trillion Investment Surge Marks New Economic Era

President Donald Trump announced a historic $3 trillion investment into the U.S. economy on his inauguration day, marking a significant push for economic growth through pro-market ...

Wall Street Rises in Premarket as Investors Eye Economic Data and Mourn Jimmy Carter

Wall Street stocks climbed in premarket trading as investors awaited economic data and mourned the passing of former President Jimmy Carter. Updates on the U.S. services and manufa...

SoftBank to Invest $100 Billion in U.S., Trump Announces Job Creation

President-elect Donald Trump announces SoftBank's plan to invest $100 billion in the U.S., aiming to create 100,000 AI-focused jobs. This follows a previous $50 billion pledge by S...