Tag: economy
Powell says Fed will likely cut rates cautiously given persistent inflation pressures
WASHINGTON -- Chair Jerome Powell said Thursday that the Federal Reserve will likely cut its key interest rate slowly and deliberately in the...
The average rate on a 30-year mortgage in the US slips to 6.78%
The average rate on a 30-year mortgage in the U.S. edged lower this week, ending a six-week climb.The rate slipped to 6.78% from...
US wholesale inflation picks up slightly in sign that some pressures remain elevated
WASHINGTON -- Wholesale prices in the United States rose last month, remaining low but suggesting that the American economy has yet to completely...
The Singles' Day shopping festival loses its shine under China's lagging economy
HONG KONG -- Merchants and consumers alike found the Singles' Day shopping festival Monday less shiny than in years past as e-commerce firms...
Stock market today: Asian shares gain after US Fed cuts interest rates
HONG KONG -- Asian shares advanced Friday after most U.S. stocks rose as the Federal Reserve cut interest rates again to ease pressure...
China to unveil much-anticipated economic stimulus package
BEIJING -- China is expected to announce much-anticipated steps to boost its flagging economy Friday at the end of this week's meeting of...