At its two-day policy meeting this week, the Federal Reserve is anticipated to keep interest rates unchanged while noting that inflation has started to approach the 2% objective set by the American central bank. This might lead to a reduction in interest rates as early as September.   Prior...

In his most recent attempt to lure cryptocurrency supporters—which Beijing has banned and which he previously called a "scam"—Republican presidential candidate Donald Trump stated at a bitcoin conference on Saturday that the United States must lead the industry or China would.   Speaking at...

June saw a modest increase in U.S. prices as the cost of goods declined and the cost of services rose, highlighting a better inflation environment that may pave the way for the Federal Reserve to start reducing interest rates in September.   Consumer spending somewhat decreased last month,...

Official statistics released on Saturday revealed that China's industrial earnings increased quicker in June despite firms facing a slowdown in consumer mood amidst an uncertain economic rebound.   According to National Bureau of Statistics (NBS) statistics, profits increased 3.6% year over...

Fresh evidence of success in the fight against inflation was provided to U.S. Federal Reserve officials on Friday, raising hopes that they will use their meeting next week to announce interest rate decreases beginning in September.   The Bureau of Economic Analysis of the Commerce Department...

As per the final copy of a joint communiqué obtained by Reuters, the G20 finance leaders are expected to express optimism about a global economic "soft landing" on Friday, but they will also caution that wars and other conflicts might jeopardise this view.   The announcement will be made as...

June saw a modest increase in U.S. prices as the cost of goods declined and the cost of services rose, highlighting a better inflation environment that may pave the way for the Federal Reserve to start reducing interest rates in September.   The Commerce Department's data, released on...

If Donald Trump wins the White House again, the Federal Reserve's fight to control inflation is likely to confront new obstacles, which may put the American central bank back in the former Republican president's crosshairs.   Many economists believe that Trump's tariff plan, along with his...

Wall Street's primary indexes had mixed results on Thursday as traders evaluated GDP data that was better than anticipated and exercised caution following a tech-related sell-off the previous day.   Data revealed that the second quarter U.S. economic growth was 2.8%, above predictions of 2%;...