News
Iranian traders, shopkeepers protest currency's record fall
2+ hour, 48+ min ago (476+ words) Mounting inflation and market anxiety have pushed Tehran's merchants to shut shops and rally, as the rial's collapse deepens pressure on household finances and fuels broader economic unrest. Iranian traders and shopkeepers have staged a second day of protests after…...
TRT World - Trump says next Fed chair should consult him on interest rates
2+ week, 3+ day ago (346+ words) US President Donald Trump has said that he believes he should be able to influence the interest rate decisions of the next Federal Reserve chairman as he weighs candidates to assume the role. "I think I certainly should have a…...
TRT World - China’s trade surplus blows past $1T as export surge masks US slump
3+ week, 10+ hour ago (292+ words) China's annual trade surplus soared past $1 trillion for the first time, driven by a sharp rebound in exports that outweighed a deepening collapse in shipments to the United States, according to customs data released on Monday. Exports rose 5.9 percent year-on-year…...
TRT World - US consumer confidence plummets to lowest level in seven months
1+ mon, 4+ day ago (192+ words) US consumer confidence has declined sharply this month, reaching its lowest level since April, as consumers grew gloomier about business and job market conditions, while also fretting about the outlook ahead. The Conference Board's consumer confidence index dropped to 88.7 in…...
TRT World - US Federal Reserve lowers policy rate 25 basis points in 2nd cut of 2025
2+ mon, 1+ hour ago (529+ words) The US Federal Reserve has slashed its benchmark federal funds rate by 25 basis points, between the 3.75 percent " 4 percent target range, as widely expected. It is the second rate cut of 2025, as the bank had held the rate unchanged in the…...
TRT World - US Fed makes first rate cut of 2025 on employment risks amid Trump pressure
3+ mon, 1+ week ago (436+ words) The US Federal Reserve has lowered interest rates for the first time this year, flagging slower job gains and risks to employment as policymakers face heightened pressure under President Donald Trump. The Fed on Wednesday cut the benchmark lending rate…...