The recent comments from Federal Reserve Chair Jerome Powell have left the US economic outlook and labor markets in a state of uncertainty. While his emphasis on the […]
U.S. Consumer Spending Slows in September: Economic Indicators Point to Cooling Trend
Recent data reveals a slowdown in U.S. consumer demand last month, indicating a shift away from the robust growth witnessed over the past three months. Credit card transactions […]
U.S. Consumer Spending Slows Down: Economic Indicators Signal Shift
Recent economic indicators suggest a slowdown in U.S. consumer demand during September. Data from credit card transactions and private sector spending reveal a decline compared to the previous […]
Fed Chair Shortlist Narrowed to Five, Decision Pending
The selection process for the next Federal Reserve Chairman has been narrowed down to five candidates. President Trump will make a final decision after consulting with various experts […]
Government Shutdown Threatens U.S. Economic Growth Amid Investment Surge
U.S. Treasury Secretary, Janet Yellen, expressed optimism about the American economy’s sustained growth despite a wave of investment, attributing its momentum to policies implemented by former President Donald […]
BlackRock CEO Highlights Economic Deficit Risk as Top Threat
Larry Fink, CEO of BlackRock, has warned about a significant economic risk: the U.S.’s growing fiscal deficit. He believes this is the biggest threat to the nation’s economy […]
U.S. Economic Strength Could Curb Further Fed Rate Cuts
Standard Chartered analysts Nicholas Chia and Steve Englander suggest that despite expected rate cuts for the remainder of 2025, chances of further reductions in 2026 may diminish if […]
Circle narrows Fed Chair shortlist to five, as process continues
US Treasury Secretary Scott Bessent has narrowed down his list of potential Federal Reserve chair candidates from 11 to just five. The final choice is expected to be […]
U.S. Treasury Unveils Special Measures for Market Stability
The U.S. Treasury is taking decisive action to maintain market stability amidst growing economic concerns. Reports from BlockBeats reveal that they’re implementing ‘special measures’ designed to address current […]
Bitcoin Mining Exec Meets with Treasury Secretary, Discusses Future of Digital Assets
Matthew Schultz, CEO of CleanSpark, met with US Treasury Secretary Scott Bessent and Senate Banking Committee Chairman Tim Scott for dinner, where they reportedly discussed market structure, the […]
US Services Sector Flourishes in September, Exceeding Expectations
The US services sector experienced robust growth in September, as evidenced by the S&P Global Services PMI reaching 54.2. This reading surpassed expectations and signals a positive outlook […]
Chicago Fed Predicts September Unemployment Rate at 4.3%
The Chicago Federal Reserve’s President, Austan Goolsbee, has provided an estimate for the September unemployment rate, predicting it to be around 4.3%. This projection aligns with ongoing discussions […]
Government Shutdown Halts Key Economic Data Release, Impacting Fed Decisions
The U.S. government is facing its first shutdown in nearly seven years, impacting crucial economic data releases and the Federal Reserve’s ability to assess the economy. The shutdown, […]
Jobless Claims Surge, Driving Fed Rate Cut Expectations
The U.S. saw a significant increase in initial jobless claims last week, reaching their highest level since October 2021. This development has fueled speculation for the Federal Reserve […]
Unexpected Inflation Surge Raises Market Uncertainty
The US inflation rate for August exceeded expectations, prompting concerns and a shift in market sentiment. The Consumer Price Index (CPI) jumped 0.4% from the projected 0.3%, followed […]