United States Federal Reserve officials said that the strong economy toward the end of 2024 and inflation staying above its “2% target” may mean the economy “needs neither restriction nor support.”
Ahead of Donald Trump taking office, Federal Reserve's top banking regulator has resigned from his role as vice chair of supervision.
Michael Barr, the vice chair for supervision at the Federal Reserve, said he will leave his post in February, giving President Donald Trump a chance to fill one of the top positions on the powerful central bank.
A proposal from two top nominees would let the president fire board members at will, and give Congress budget authority.
Donald Trump tariff plans and Fed policies raise questions on their impact on global trade, inflation, and the cryptocurrency market in 2025.
The headline The economy added 256,000 jobs in December, and the unemployment rate fell a tenth of a percentage point to 4.1%, the Bureau of Labor Statistics reported Friday. Investors expected roughly 155,
President Donald Trump nominated former Republican Nevada Senate candidate Sam Brown as Under Secretary for Memorial Affairs at the Department of Veterans Affairs. Trump, who previously endorsed Brown in his Senate run,
Employers added 256,000 jobs in December despite uncertainty over President-elect Donald Trump's policies. Unemployment dipped to 4.1%
Oil prices rose to a three-month high on Friday on strong Chinese demand and concerns about dwindling US inventories. Brent crude, the international oil benchmark, gained 2.5 per cent to $78.85 a barrel, its highest level since mid-October. WTI, the US equivalent, also rose 2.5 per cent to $75.78.
Gold is headed for a weekly gain of roughly 2% as uncertainty around future U.S. policy under President-elect Donald Trump boosts safe-haven demand. In early trade, futures were up 0.6% to $2,706.70 a troy ounce,