Economy News

The ‘Roaring Twenties,’ characterized by wealth and urban migration, ended abruptly as economic troubles emerged, particularly in Europe and the U.S. Scholars attribute this downturn to the Federal Reserve’s decision to cut the money supply, leading to a decline in economic output.

China is reportedly exploring a significant economic stimulus initiative aimed at rejuvenating its struggling economy.

According to many market analysts, the Federal Reserve may be preparing to cut interest rates by a quarter point next week.

The Bank of Japan (BOJ) has chosen to hold its benchmark policy rate steady at 0.25% amid political uncertainties following Japan’s recent election.

Recent US employment data indicates a modest increase in non-farm payrolls, which rose by only 12,000 in October, significantly lower than the expected 110,000.

In September, personal income in the U.S. rose by $71.6 billion, reflecting a monthly increase of 0.3%, as reported by the U.S. Bureau of Economic Analysis.

JPMorgan Chase’s CEO, Jamie Dimon, has raised alarms regarding escalating conflicts in Ukraine and the Middle East, as well as the increasing collaboration among U.S. adversaries such as Russia, China, North Korea, and Iran.