Red Sea tensions risk significantly higher inflation, OECD warns
Elevated shipping costs as a result of ongoing tensions in the Red Sea could impede the global fight against inflation,…
Turkey’s inflation sees biggest monthly jump since August, nears 65% year on year
In January, Turkish inflation logged its biggest monthly jump since August with a 6.7% rise from December, while year-on-year inflation…
Powell insists the Fed will move carefully on rate cuts, with probably fewer than the market expects
Federal Reserve Chair Jerome Powell vowed in an interview aired Sunday that the central bank will proceed carefully with interest…
The unemployment rate of Black men rose in January, underscoring continued inequality in labor market
Black men lost ground in the workforce last month, marking a continuation of the disparities that have permeated the U.S.…
U.S. economy added 353,000 jobs in January, much better than expected
Job growth posted a surprisingly strong increase in January, demonstrating again that the U.S. labor market is solid and poised…
January hiring was the lowest for the month on record as layoffs surged
Companies announced the highest level of job cuts in January since early 2023, a potential trouble spot for a labor…
Fed holds rates steady, indicates it is not ready to start cutting
WASHINGTON — The Federal Reserve on Wednesday sent a tepid signal that it is done raising interest rates but made…
Bank of England could be about to open the door to interest rate cuts
LONDON — The Bank of England is widely expected to hold interest rates steady at 5.25% on Thursday, but market…
