Goldman Sachs has revised its recession probability for the U.S., decreasing it from 45% to 35%. This shift stems from a recently agreed-upon trade truce between the U.S. […]
U.S. Inflation Drops to 2.3%, Signals Potential Fed Rate Cuts
The U.S. Consumer Price Index (CPI) showed a significant drop in April, falling to 2.3% – the lowest level since 2021. This unexpected decline suggests potential for lower […]
US Inflation Data Impacts Bitcoin, USD, as Key Metrics Revealed
Bitcoin (BTC) experienced a volatile reaction to the latest inflation data released by the Federal Reserve (FED). Following positive momentum fueled by US-China trade war developments, BTC surged […]
U.S. Pushes for Global Tariff: Aiming to Reduce Deficit
The U.S. government is taking a decisive stance, proposing a global 10% tariff as a key tool to reduce reliance on specific trading partners for critical commodities. This […]
U.S. Treasury Reports Record $258 Billion Budget Surplus in April 2025
The U.S. Treasury released its financial report for April 2025, revealing a record budget surplus of $258 billion. This exceptional figure was driven by strong tax revenues and […]
Bitcoin Potential Benefit From Massive Tax Cut, New Deficit Expected
A new tax-cut bill released by Republicans is expected to increase the US deficit by $2.5 trillion. This legislation proposes a $4 trillion tax cut while cutting spending […]
Federal Reserve Official Warns of Tariff Impact on U.S. Economy
A Federal Reserve Board member, Kugler, expressed concern about the potential economic repercussions of US tariffs. According to a report by Odaily, he warned that even after tariff […]
U.S. Treasury Secretary Seeks Resolution for Trade & Tariff Disputes by Year-End
In a bid to navigate current economic complexities, U.S. Treasury Secretary Janet Yellen has stated her intention to resolve most trade and tariff disputes before the end of […]
White House Claims Substantial Progress in China Trade Talks
The White House has declared progress in trade negotiations between the US and China, but no official deal has been announced. This announcement has left investors uncertain about […]
Trump Rejects China Tariff Cuts Without Deals, Signaling Stalemate in Trade Talks
President Trump has dismissed the possibility of reducing tariffs on Chinese imports unless Beijing makes concessions. This stance emerged following reports that he had previously suggested lowering the […]
US Tariff Actions Spark Crypto Market Surge
The United States has taken decisive action on trade negotiations, culminating in the ratification of its first trade agreement. These moves have triggered a significant surge in the […]
Trump Claims Costs Declining in US Economy
U.S. President Donald Trump recently refuted prevailing economic conditions, claiming costs are decreasing and inflation doesn’t exist as per Odaily reports. His remarks contradict the Federal Reserve’s forecasts […]
Trump Cuts UK Car Tariffs: Boost Expected for Automotive Industry
President Trump announced a reduction in tariffs on UK car exports to the U.S., marking a significant development in trade relations between both nations. Key details of this […]
U.S. Jobless Claims Drop, Signaling Labor Market Stability Amid Rising Tariff Concerns
A surprising decrease in U.S. initial jobless claims last week offers a glimmer of hope for the labor market despite increasing tariff risks. According to BlockBeats, the number […]
Federal Reserve Chair Powell Addresses Meeting Protocol with President
Federal Reserve Chair Jerome Powell has clarified his meeting protocol with U.S. Presidents, stating he has never requested a meeting and will not do so in the future. […]