The Federal Reserve closely monitors the job market to determine future interest rate adjustments, with inflation and wage gains being key factors in decision-making. [ more ]
Employment data is crucial for assessing the health of the economy; the April 2024 US data fell short of expectations, signaling potential job creation and economic growth slowdowns. [ more ]
Trump's allies propose more control over the Federal Reserve, including consultation on interest rate decisions and potential removal of Powell as Fed chair. [ more ]
Fed Holds Rates Steady, Noting Lack of Progress on Inflation
High borrowing costs may persist as Fed officials are concerned about stubborn inflation and require more evidence of decline before rate cuts. [ more ]
Global Growth Forecast Is Lifted but Risks Loom, O.E.C.D. Says
Global inflation is starting to cool and economies are recovering, but risks lie ahead due to uneven speed of rebound and geopolitical tensions. [ more ]
Beating inflation: How do Europe and the US compare? DW 05/02/2024
Inflation rates rising globally are reducing expectations for multiple interest rate cuts by central banks like the US Federal Reserve and the European Central Bank. [ more ]
Why Japan is investing in semiconductors once more DW 04/29/2024
Japan significantly increased semiconductor industry support, investing 3.9 trillion yen from 2021-2023, motivated by geopolitical changes, COVID-19 impacts, and desire to protect the economy. [ more ]
How to realize the potential of rising global digital jobs
218 job types out of 5,400 conducive to global digital jobs; expected to rise to 92 million by 2030 with higher pay; a global digital framework could address barriers. [ more ]
How climate policies can drive voters to the far right
Polish farmers protest EU green policies and cheap imports. NL cut carbon by taxing gas, funding solar panels, raising adoption rate to 20%. Gas prices up by 50%. [ more ]
Economic growth 'projected to remain below its longer-run average'
Global economy growing modestly with steady GDP growth projected by OECD. Tight monetary conditions persist but global activity remains resilient. [ more ]
Amazon's exceptional first-quarter results were driven by the robust performance of its cloud business, particularly due to the increasing demand related to artificial intelligence (AI). [ more ]
US stocks continue to rally on investors' optimism
Investors are optimistic about potential interest rate cuts by the Federal Reserve after nonfarm payrolls data indicated fewer job additions and rising unemployment. [ more ]