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Breaking News: Economy

Powell insists the Fed will move carefully on rate cuts, with probably fewer than the market expects

by Adrian Jhonsan
Powell insists the Fed will move carefully on rate cuts, with probably fewer than the market expects

Federal Reserve Chair Jerome Powell holds a press conference following the release of the Fed’s interest rate policy decision at the Federal Reserve in Washington, U.S., January 31, 2024.  Evelyn …

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Kashkari backs sentiment that the Fed can take its time cutting interest rates

by Adrian Jhonsan
Kashkari backs sentiment that the Fed can take its time cutting interest rates

Neel Kashkari, president and chief executive officer of the Federal Reserve Bank of Minneapolis, during an interview in New York, US, on Tuesday, Nov. 7, 2023. Victor J. Blue | …

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Turkey’s new central bank governor seen as a ‘credible choice’

by Adrian Jhonsan
Turkey’s new central bank governor seen as a ‘credible choice’

Newly appointed Governor of Turkish Central Bank, Fatih Karahan is seen in Ankara, Turkey on February 04, 2024.  Emin Sansar | Anadolu | Getty Images Turkey’s newly appointed central bank …

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Red Sea tensions risk significantly higher inflation, OECD warns

by Adrian Jhonsan
Red Sea tensions risk significantly higher inflation, OECD warns

Elevated shipping costs as a result of ongoing tensions in the Red Sea could impede the global fight against inflation, the Organisation for Economic Co-operation and Development said Monday. The …

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Shares of Italy’s UniCredit jump 10% and hit eight-year high on earnings beat

by Adrian Jhonsan
Shares of Italy’s UniCredit jump 10% and hit eight-year high on earnings beat

A logo on the UniCredit SpA headquarters in Milan, Italy, on Saturday Jan. 22, 2022. Bloomberg | Getty Images Shares of Italian bank UniCredit hit their highest level since 2015 …

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Turkey inflation sees biggest monthly jump since August

by Adrian Jhonsan
Turkey inflation sees biggest monthly jump since August

A tram passes shoppers as it travels along Istiklal Street in the Beyoglu district of Istanbul, Turkey, on Tuesday, Dec. 19, 2023. Bloomberg | Bloomberg | Getty Images In January, …

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Costco, TJX crushed rivals in high inflation. What happens as prices ease?

by Adrian Jhonsan
Costco, TJX crushed rivals in high inflation. What happens as prices ease?

Costco and TJX Companies should be able to manage the emerging transition to deflation by leveraging their deep value propositions to get customers to buy more. As inflation headwinds continue …

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Payrolls grew by 353,000, much better than expected

by Adrian Jhonsan
Payrolls grew by 353,000, much better than expected

Job growth posted a surprisingly strong increase in January, demonstrating again that the U.S. labor market is solid and poised to support broader economic growth. Nonfarm payrolls expanded by 353,000 …

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Here’s where the jobs are for January 2024 — in one chart

by Adrian Jhonsan
Here’s where the jobs are for January 2024 — in one chart

The U.S. labor market continues to surprise economists and Wall Street with its resilience, as broad job gains in January led to employment growth of 353,000. The hiring was led …

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Unemployment rate of Black men rose in January

by Adrian Jhonsan
Unemployment rate of Black men rose in January

A networking and hiring event for professionals of color in Minneapolis, Minnesota. Michael Siluk | Getty Images Black men lost ground in the workforce last month, marking a continuation of …

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