Economy News

The Federal Reserve’s November 6-7 meeting is expected to determine the course of interest rates, with key inflation and employment data likely shaping the outcome.

As the U.S. presidential election approaches, JPMorgan Chase CEO Jamie Dimon has again refrained from endorsing any candidate during his recent trip to Washington, D.C.

Former Goldman Sachs chief economist Jim O’Neill, commenting on the potential of a common BRICS currency.The 16th BRICS summit, held in Kazan, Russia, concluded on Thursday and was marked by several important discussions and announcements.

In a surprising move, the Bank of Canada announced its fourth consecutive interest rate reduction on Wednesday, dropping the key rate by 50 basis points to 3.75%.

China’s recent economic policies are unlikely to significantly boost its struggling economy, according to Haibin Zhu, chief China economist at JPMorgan Chase.

Global inflation is anticipated to decline to 3.5% by the end of 2025, largely due to a resilient global economy, as reported by the International Monetary Fund (IMF).

Billionaire hedge fund manager Paul Tudor Jones has raised concerns about the unsustainable rise in U.S. debt and its potential to trigger inflation.