Economy News

One of the most important U.S. economic metrics, the jobs report, was just released by the Bureau of Labor Statistics.

Thomas Barkin, President of the Richmond Fed, emphasized the importance of monitoring economic indicators and inflation trends to guide future interest rate adjustments.

U.S. Federal Reserve Chair Jerome Powell envisions a shift toward a more “neutral stance” in future monetary policy.

On Tuesday, cryptocurrency values experienced a downturn, with Ethereum dipping below the $2,500 mark amid rising geopolitical tensions triggered by Iran’s missile strikes on Israel.

Jrome Powell, Chair of the US Federal Reserve, continues to express optimism about achieving the inflation target of 2%.

Economists are now anticipating a 0.25% interest rate reduction from the European Central Bank (ECB) in October, moving away from prior predictions of a cut in December.

On Tuesday, Pan Gongsheng, the Governor of the People’s Bank of China, revealed a set of economic stimulus measures, marking what some economists view as the central bank’s largest intervention since the Covid-19 pandemic.