In November, the U. S. job market took a hit. Private companies let go of 32, 000 workers, and small businesses felt the pinch the most. This wasn't good news, and it was worse than experts thought it would be. Just a month before, in October, there was a small gain of 47, 000 jobs. But November's n
Kevin Hassett is likely to take over as the next Federal Reserve Chairman. This is what prediction markets and President Trump's recent comments suggest. Hassett, currently the National Economic Council director, has been a favorite for this role for months. He's been vocal about lowering interest r
Crypto prices have made a surprising comeback after a recent slump. Bitcoin, Ethereum, and XRP have all seen significant gains in the last 24 hours. Bitcoin has climbed back above $90, 000, marking its highest point since last week. It even came close to its biggest single-day gain since May. This
The U. S. Federal Reserve might lower interest rates in December. This is because the economy shows signs of slowing down. Job growth is weaker than before. Inflation is also lower. These changes make it likely that the Fed will cut rates. Investors are hopeful. They think cheaper money is coming.
People are placing bets on what the Federal Reserve will do with interest rates next month. The chances of a small cut, 25 basis points, have gone up to 81% on a platform called Polymarket. This is a big jump from the 67% seen the day before and 44% from the previous week. But the idea of a larger c
Last week, fewer Americans filed for unemployment benefits, hinting that job cuts are still relatively low. The numbers dropped by 6, 000 to 216, 000, which is below what experts predicted. This data is a good way to check the health of the job market. However, the situation isn't all positive. The
Indian stocks kicked off Wednesday on a high note. This surge came as investors around Asia felt more confident. They think the U. S. Federal Reserve might cut interest rates soon. Tech and metal companies led the charge, pushing the market up. The Nifty 50 and BSE Sensex both climbed by 0. 32%. Th
The U. S. Treasury Secretary, Scott Bessent, recently shared his thoughts on the Federal Reserve's approach to managing interest rates. He believes the current system is too complex and needs a major overhaul. According to Bessent, the Fed's strategy for controlling interest rates has become overly
People are feeling less sure about the economy and their own futures. A recent survey shows that worries about finding a job are growing. The survey's main number, which measures how people feel about the economy, dropped to 88. 7 in November. This is the lowest it's been since April and a big drop
In November, many thought the Federal Reserve would lower interest rates. But now, that idea is not so certain. Why? Because some Fed officials, like Susan Collins from the Boston Fed, are worried about inflation. She thinks it's more important to control inflation than to focus on jobs right now.
