Economic events

Fed close to pulling off the elusive economic soft landing in 2024 after great September jobs report

A hiring sign is posted on the exterior of Urban Outfitters at the Tysons Corner Center mall on August 22,…

Hurricane Helene recovery could cost $34 billion. Here’s who might pay

An aerial picture taken on September 28, 2024, shows storm damage in the aftermath of Hurricane Helene in Valdosta, Georgia.…

EU economy survived ‘terrible prophecies’, now faces trade with China: EU’s Gentiloni

The European Union has successfully avoided the “terrible prophecies” that threatened its economy in recent years, but must still contend…

Port strike could reignite inflation, with larger economic impact dependent on how long it lasts

Port of Miami dockworkers strike near the port entrance and demand a new labor contract, on October 1, 2024 in…

Ray Dalio says the Fed faces a tough balancing act

Ray Dalio, Bridgewater Associates co-chairman and co-chief investment officer, speaks during the Skybridge Capital SALT New York 2021 conference. Brendan…

Saudi Arabia slashes growth forecasts, sees wider budget deficits

Riyadh, Saudi Arabia. Xavierarnau | E+ | Getty Images Saudi Arabia cut its growth forecasts and raised its budget deficit…

Trump’s 10% credit card interest cap could hurt borrowers, experts say: ‘Access to credit would dry up’

Former President Donald Trump has made headlines over the past week with yet another surprise economic policy announcement. After promising…

China stimulus calls are growing louder — inside and outside the country

BEIJING — More economists are calling for China to stimulate growth, including those based inside the country. China should issue…

Ray Dalio says the Fed has a tough balancing act as the economy faces ‘enormous amount of debt’

As the U.S. Federal Reserve implemented its first interest rate cut since the early Covid-19 pandemic, billionaire investor Ray Dalio…

Powell downplays impact of rate cut on Trump-Harris presidential race

Federal Reserve Chair Jerome Powell suggested that Wednesday’s larger-than-expected interest rate cut may have a limited effect on the presidential…