US Fed chair won’t resign if Trump demands

US Fed chair won’t resign if Trump demands

US Federal Reserve Chairman Jerome Powell has said he will not resign if asked to by incoming President Donald Trump. He was speaking after the Fed dropped interest rates by another quarter of a percentage point. As Nick Harper reports from Washington.

November 8, 2024 15

Business / Economics

US jobs growth slower than expected last month

US job growth was slower than expected in October, as hurricanes and striking workers held down employment. The US job market is in the spotlight with just days to go until election day - where the economy has been at the centre of candidates' campaigns. Sally Patterson reports.

November 4, 2024 12

World

Harris gains in post-debate US national polls, but will her gains be sustained?

By Adrian Beaumont, The University of Melbourne The United States presidential election will be held on November 5. In analyst Nate Silver’s aggregate of national polls, Democrat Kamala Harris leads Republican Donald Trump by 48.9–46.0. In my previous US politics article on September 9, Harris led Trump by 48.7–46.2. Joe Biden’s final position before his withdrawal as Democratic candidate on July 21 was a national poll deficit […]

September 18, 2024 8

Business / Economics

US consumer inflation falls ahead of Fed interest rate decision

By Daniel AVIS Fresh US consumer inflation data published Wednesday is unlikely to sway the Federal Reserve's plans to leave its key lending rate unchanged, but could alter how many rate cuts policymakers pencil in for this year. The annual consumer price index (CPI) came in at 3.3 percent in May, down 0.1 percentage point from April, the Labor Department said in a statement -- […]

June 12, 2024 21

Business / Economics

17 April 2024 Morning Biz News: Exploring the Latest in Business News

As the global economic landscape continues to evolve, let's delve into the latest developments shaping the world of business and finance. Galp Energia Unveils Extensive Exploration Campaign Galp Energia, a key player in the energy sector, has set forth ambitious plans for a comprehensive exploration campaign spanning three years within Petroleum Exploration Licence 83. This initiative entails the drilling of 10 exploration and appraisal wells, coupled with extensive flow testing. […]

April 17, 2024 5

Business / Economics

Ripples of 2023: FBS’s insight on the 2024 global financial outlook

With 2023 coming to an end, leading global broker FBS looks back at the significant economic events and delves into the perspective of the financial landscape in 2024. FBS financial market analysts point out that next year, financial markets will stand at the cusp of transformation under the influence of the US economy, global and local military conflicts, and the sprawl of AI. As FBS experts further stress, the cautious stance […]

December 19, 2023 5