Christopher T. Hanson, the chairman of the United States Nuclear Regulatory Commission (NRC) is paying a visit to Romania next week. “The US Embassy, with the support of the National University of Science and Technology Politehnica Bucharest and the National Commission for the Control of Nuclear Activities, hosts the visit of the president of the […]
(Reuters) -JPMorgan Chase CEO Jamie Dimon expressed confidence in a robust U.S. economy backed by strong employment and healthy consumer finances. The U.S. economic boom is "unbelievable," Dimon said at an Economic Club of New York event on Tuesday. Dimon, who has run the largest U.S. lender for more than 18 years, has cautioned that inflation could be more persistent than expected, keeping interest rates higher for longer.
U.S. economic growth in the first quarter fell below the Federal Reserve's estimates of the economy's long-run potential for the first time in nearly two years, but the signs of slowing were accompanied with fast inflation that, if sustained, would pose a particular dilemma for the central bank.
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Federal Reserve Chair Jerome Powell said Tuesday that the U.S. economy, while otherwise strong, has not seen inflation come back to the central bank’s goal, pointing to the further unlikelihood that interest rate cuts are in the offing anytime soon. Speaking to a policy forum focused on U.S.-Canada economic relations, Powell said that while inflation continues to make its way lower, it hasn’t moved quickly enough, and the current state of policy should remain intact. “More recent data shows...
Powell said that while inflation continues to make its way lower, the
CNBC's Jim Cramer referred to these factors as "brown shoots" that are disrupting U.S. economic growth.
The prolonged presence of 2 Chinese vessels suggests a deeper involvement than Phnom Penh admits.
Former OpenAI researcher once predicted a 50 percent chance of AI killing all of us.
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The US central bank's favored measure of inflation accelerated last month, according to government data published Friday, pushing back the chances of an interest rate cut this summer.The hotter print is likely to cement the view that inflation, while down sharply since 2022, remains a challenge, and could keep the Federal Reserve on pause as it seeks to battle rising prices.It also complicates US president Joe Biden's reelection message as he seeks to convince still-skeptical consumers that the...
The sweeping foreign aid package passed by congress has drawn the ire of China, but billions of dollars will actually stay in the USTaiwan’s president Tsai Ing-wen has praised the US Congress for passing a sweeping foreign aid package this week which included arms support for the island, and has drawn the ire of China.After months of delays and contentious debate, the bill was signed into law by Joe Biden on Wednesday. Described as $95bn in aid for Ukraine, Israel and Taiwan, the legislation...