WASHINGTON, United States — President Donald Trump has renewed his effort to remove Federal Reserve Governor Lisa Cook, giving her three weeks to respond to mortgage fraud allegations that her lawyer has called baseless. The move comes after the U.S. Supreme Court blocked Trump’s earlier attempt to fire Cook in June, keeping the dispute over presidential authority and Federal Reserve independence alive.
टैग: US Economy
US Economy Loses 23,000 Jobs in July as Hiring Slows Sharply, Unemployment Falls to 4.1%
The United States labour market unexpectedly weakened in July as employers cut jobs instead of adding them, signalling a slowdown in hiring at a time […]
S&P 500 Futures Steady After Record Rally as AI Earnings and Lower Oil Prices Boost Market Sentiment
US stock futures remained largely stable after a powerful rally pushed the S&P 500 index to a fresh record high, with investors continuing to assess strong corporate earnings, artificial intelligence-driven growth and improving geopolitical sentiment. The broad market index closed above the 7,700 level for the first time after a sharp advance across major Wall Street benchmarks.
Democrats Overtake Republicans on Economy in Reuters/Ipsos Poll as Trump’s Approval Rating Slips
For the first time in nearly a decade, American voters have given Democrats a slight edge over Republicans on handling the U.S. economy, according to a new Reuters/Ipsos poll released on August 3. The survey also found that President Donald Trump’s approval rating has fallen to 35%, highlighting growing public concerns over the economy ahead of November’s congressional midterm elections.
US Economy Slows to 1.5% Growth in Q2 as June Core Inflation Holds at 3.3%
The US economy grew at an annualized rate of 1.5% in the second quarter, falling short of economists’ expectations, while June core inflation remained well above the Federal Reserve’s 2% target, according to economic data released Thursday.
Fed Holds Interest Rates Steady as Warsh’s Inflation Message Leaves Markets Uncertain
The U.S. Federal Reserve kept its benchmark interest rate unchanged at 3.50%-3.75% on Wednesday, July 29, as a divided policy committee weighed persistent inflation pressures against a steady labour market. Fed Chair Kevin Warsh reiterated the central bank’s commitment to bringing inflation back to its 2% target, but offered few clues about whether rates could rise at the next meeting.