Economic

Why strong economic data means no Fed rate cut in 2025 News ad

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Why strong economic data means no Fed rate cut in 2025 News ad

Nonfarm payrolls data came in hotter than expected, bolstered by other labor market indicators that suggest the FOMC won’t cut interest rates this year. The overall figure was more than double what was expected; unemployment fell to 4.1% and wages rose about 4%. Rising employment and wages signal that one Fed mandate has been met, … Read more

China’s economic planner vows to step up efforts to introduce a package of incremental policies – Newsad

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China’s economic planner vows to step up efforts to introduce a package of incremental policies – Newsad

BEIJING: The National Development and Reform Commission (NDRC), China’s top economic planner, vowed on Tuesday that it will step up efforts to introduce a package of incremental policies, including an emphasis on scaling up macro counter-cyclical adjustments, boosting domestic consumption, and shoring up capital markets – among others – as part of the efforts to … Read more