CNBC's Jim Cramer referred to these factors as "brown shoots" that are disrupting U.S. economic growth.
OTTAWA - Bank of Canada governor Tiff Macklem says central banks will make monetary policy decisions geared toward their own economies, which means some countries may begin cutting interest rates before others. Macklem made the comments while speaking to reporters on the sidelines of International Monetary Fund meetings in Washington, D.C. Friday. “We've all been resolute in our commitment to restore price stability, and we've matched those words with action that has helped us all bring...
Fed Powell Says Progress in Reducing Inflation Stalled (Second column, 5th story, link) Related stories:Market fear signals flashing redIMF Steps Up Warning Over Spending and Ballooning DebtThe overlooked threats to global financial system Drudge Report Feed needs your support! Become a Patron
"Energy markets remain the key transmission mechanism from regional tension/conflict to the rest of the world economy."
TSMC's CEO recently stated that microchips produced outside of Taiwan, including those in the US, will incur higher manufacturing costs. The Taiwanese foundry is currently expanding its production capacity globally, but this move will necessitate a revised pricing strategy to align with shareholder interests.Read Entire Article
he conventional wisdom in the United States is that Iran has conducted a “blatant and powerful act of direct war” against Israel. However, the Iranian attack has been a long time coming in view of the past ten years of Israel’s cyberwar against Iran; the assassination of senior Iranian nuclear scientists on Iranian territory; and the killing of at least 18 Iranian generals and military commanders. The drone and missile attack on April 13th was carefully calibrated to target the Nevatim air...
Federal Reserve Bank of Chicago president Austan Goolsbee on Friday said "more sniffing" is needed before the Fed can cut interest rates. Here's what to know.
The Israeli Ambassador to the U.S. said Wednesday that Israel must respond to Iranian strikes on the country, brushing off warnings from American leaders and other allies fearful of a regional war between the two powers. Iran launched over 300 munitions toward Israel on Saturday evening in response to an Israeli strike that killed Iranian
Federal Reserve Chair Jerome Powell says recent data show a lack of further
Platform’s future in US in doubt after House approves bill ordering Bytedance to sell stakeTikTok has said it will fight any ban or forced sale of the app’s US operation in the courts, after the House of Representatives passed legislation targeting the viral video platform.The company’s future in the US was placed in further doubt over the weekend after lawmakers in Washington passed a bill that will ban the app if TikTok’s Chinese owner, ByteDance, does not sell its stake in the American...
Ukrainian president urges Senate to ratify aid package so that country can strengthen frontline with RussiaUkraine’s president has said the vote by the US House of Representatives to pass a long-delayed $61bn (£49bn) military aid package demonstrated that his country would not be abandoned by the west in its effort to fight the Russian invasion.Volodymyr Zelenskiy said in an interview with US television that Saturday’s vote showed Ukraine would not be “a second Afghanistan”, whose pro-western...
WASHINGTON (AP) — Federal Reserve Chair Jerome Powell cautioned Tuesday that persistently elevated inflation will likely delay any Fed rate cuts until later this year, opening the door to a period of higher-for-longer interest rates. “Recent data have clearly not given us greater confidence” that inflation is coming under control” and instead indicate that it’s […]