Inflation
Trump promises $5,000 dividend to US adults if GOP wins midterms
President Donald Trump has pledged a $5,000 cash dividend to every American adult if the GOP wins the midterm elections, sparking immediate debate over its $1.2 trillion cost.
US economy grows at sluggish 1.5 percent rate in second quarter
The U.S. economy expanded at a slower-than-expected 1.5% annualized rate in the second quarter, weighed down by trade imbalances and persistent inflation.
Bank of England holds interest rates at 3.75% in a 6-3 vote
The Bank of England maintained its key interest rate at 3.75% in a split vote, balancing stubborn inflation pressures against economic growth.
Federal Reserve holds interest rates steady as three officials dissent
The Federal Reserve left interest rates unchanged in a 9-3 vote, as three officials dissented and pushed for a hike amid persistent inflation concerns.
Fed Chair Kevin Warsh says central bank has 'no tolerance' for elevated …
In his debut congressional testimony, Federal Reserve Chair Kevin Warsh emphasized a commitment to restoring price stability and criticized previous policy frameworks. Warsh signaled a cautious approach to future interest rate decisions while addressing economic risks posed by inflation and AI.