Economy News

Vivek Ramaswamy, a former presidential candidate, appears ready to shift his focus to Ohio’s political landscape, with reports suggesting he is preparing to run for governor.

US inflation data revealed an annual increase of 2.9% in December, up from 2.7% in November, according to the Bureau of Labor Statistics (BLS).

Despite earlier optimism, it sees that the chances of more rate cuts in 2025 are becoming less likely.

Wholesale inflation in the U.S. showed signs of easing in December, offering a glimmer of hope that price pressures may not be accelerating as feared.

The cryptocurrency market stumbled into 2025 with a shaky start as Bitcoin briefly dropped below $90,000, its sharpest decline since the beginning of the year.

Efforts to reduce global reliance on the US dollar have yet to make a significant dent, as the currency surged to a two-year high, bolstered by rising Treasury yields and a resilient US economy.

JPMorgan Chase predicts that the US dollar could remain strong throughout the year, supported by a resilient American economy that is expected to outpace other developed nations.