News
US economic growth weaker amid government shutdown
2+ hour, 45+ min ago (293+ words) WASHINGTON: U.S. economic growth slowed in the final three months of last year, dragged down by the six-week shutdown of the federal government and a pullback in consumer spending. The nation's gross domestic product " the total output of goods and services…...
Fed Minutes Show Policy Split: Fed Just Opened the Door to Raising Interest Rates Again (if Inflation Persists), After January Pause
3+ day, 55+ min ago (571+ words) Federal Reserve policymakers were broadly united behind a pause in interest rate cuts at their January meeting but revealed a sharp divide over the future path of policy, with some officials openly discussing the possibility of rate hikes if inflation…...
Get a Mortgage Loan with Affordable Interest Rates
3+ day, 14+ hour ago (461+ words) For borrowers using property to raise funds for business expansion, education, medical needs, or consolidation of liabilities, affordability becomes critical. Choosing the right mortgage loan with competitive mortgage loan interest rates can allow you to unlock your property's value while…...
INDIA’S CAPITALISM GAP: GROWTH WITHOUT A BROAD ECONOMIC BASE
1+ week, 2+ hour ago (212+ words) India's economic rise is often branded as inevitable, a story of demographic advantage, entrepreneurial capacity and global relevance. Yet behind the optimism lies a deeper structural weakness that deserves greater scrutiny. India has embraced capitalism only partially, and the consequences…...
IMF discusses power tariff hikes with Pakistan
1+ week, 2+ hour ago (167+ words) KARACHI: The International Monetary Fund is discussing proposed electricity tariff revisions with Pakistan authorities, the fund said in a statement to press on Saturday, adding that the burden of the revisions should not fall on middle- or lower-income households. The…...
US inflation cools to near five-year low, easing pressure on consumers
1+ week, 2+ hour ago (491+ words) WASHINGTON: A key measure of inflation fell to nearly a five-year low last month as apartment rental price growth slowed and gas prices fell, offering some relief to Americans grappling with the sharp cost increases of the past five years....
CPI Report Today: Inflation Cools More Than Expected in January, Falling to 2.4%; India Overhauls Index With New 2024 Base Year | Explained
1+ week, 1+ day ago (369+ words) Consumers benefit from falling gasoline and grocery prices. Investors responded positively, with the S&P 500 rising 0.7% and Nasdaq climbing 0.6% in early trading. The 10-year Treasury yield slipped to its lowest intraday levels since early December. Despite cooling inflation, the Fed…...
US Stock Market Today: Dow Trades Flat, S&P 500 & Nasdaq Mixed as Gold Climbs Above $5,100 & Bitcoin Dips Below $68,000
1+ week, 1+ day ago (451+ words) The Dow Jones Industrial Average is trading nearly flat, up just 0.03% at 49,468.47. Gains in the industrial and defensive sectors, which are gaining from a decline in Treasury yields after the CPI report, are providing support to the index. However, its…...
Fed's Logan: 'cautiously optimistic' that current rate-setting will do the job
1+ week, 4+ day ago (451+ words) Feb 10 (Reuters) " Dallas Federal Reserve President Lorie Logan said on Tuesday she's "cautiously optimistic" that the Fed's current policy rate setting will get inflation headed to" Copyright 2025 - All Right Reserved. Fed's Logan: 'cautiously optimistic' that current…...
Fed's Miran says weaker dollar not affecting monetary policy choices
1+ week, 4+ day ago (179+ words) Feb 9 (Reuters) " Federal Reserve Governor Stephen Miran said Monday a weaker dollar isn't much of an issue for the central bank right now. The kind of" The post Fed's Miran says weaker dollar not affecting monetary policy choices appeared first…...