Global public debt in 2024 is expected to reach over $100 trillion, IMF warns
Global public debt in 2024 is expected to reach over $100 trillion (about 93% of global GDP), according to the IMF. By 2030, the...
Rising US producer prices signal inflation challenges for the Federal Reserve
The latest US Producer Price Index (PPI) from the Bureau of Labor Statistics revealed a notable increase for October, raising concern among economists, investors,...
Why Are US mortgage rates rising despite fed rate cuts?
The Federal Reserve, America’s Central Bank, has cut interest rates several times so far this year. Its last cut was in December (earlier this...
UK economy contracted by 0.1% in October 2024
Britain’s economy slipped again in October, dropping 0.1%, and people are growing restless. This marks the second straight month of decline. Economists had expected...
Federal Reserve lowers rates but warns of slower easing in 2025
The Federal Reserve lowered its benchmark interest rate by a quarter of a percentage point on Wednesday, moving the target range to 4.25% to...
U.S. job openings decline in September, signaling a cooler labor market
In the United States, job openings in September declined significantly to 7.4 million, their lowest level since January 2021, according to the September Job...
The U.S. Economy on the Verge of a Modern-Day “Roaring ’20s,” UBS Predicts
Optimistic Economic Indicators Emerge
The U.S. economy is showing signs of a potential modern-day version of the "Roaring '20s," according to recent analysis from UBS...
China’s consumer prices barely rose in November
China’s consumer prices barely rose in November, inching up by only 0.2% from a year ago. That’s the weakest pace since June and suggests...
China’s industrial profits declined in September
China’s industrial sector had a difficult September, with profits plunging by 27.1% compared to the same month in 2023. The drop marks the worst...
Trump tariffs: economic impact, business reactions, and what lies ahead
There is a renewed focus across the United States, China, the European Union (EU), Mexico, Canada, and much of the rest of the world...