Economy News

Larry Fink, the CEO of BlackRock, shared his outlook on U.S. interest rates, suggesting that while a rate cut might be possible in the near future, an increase could be on the horizon if the economy continues its strong performance.

Japan’s central bank has made a bold move, increasing its benchmark lending rate to 0.5% – a level not seen since 2008.

Donald Trump, on his first day back in office, repealed several Biden-era executive orders, including a 2023 framework aimed at regulating artificial intelligence (AI).

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.