“Trump’s Bold Agenda Raises Questions Amid a Thriving U.S. Economy”
A Solid Economy for Trump’s Second Term When President Barack Obama took office in 2009, he faced an economy in turmoil with rising unemployment, plunging markets, and widespread foreclosures. In contrast, President Donald Trump inherits a much healthier economy as he begins his
Jerome Powell’s Leadership: Navigating Inflation and New Economic Challenges
Federal Reserve Chair Jerome Powell has skillfully navigated the U.S. economy through crises like the pandemic and record-high inflation. While inflation has dropped near the Fed’s 2% target, challenges loom large, with President-elect Donald Trump’s policies threatening to push prices back up. Inflation
Dow Drops Over 1,100 Points, Hits Longest Losing Streak Since 1974
Dow Experiences Historic Decline The Dow Jones Industrial Average fell sharply on Wednesday, dropping over 1,123 points (2.6%). This marks the longest losing streak since 1974, extending its slide to 10 consecutive days. The plunge came after the Federal Reserve’s policy statement indicated
China’s Manufacturing Rebounds in October as Demand Recovers, Survey Reveals
October PMI Indicates Growth Among Smaller Manufacturers China’s manufacturing sector witnessed a return to growth in October, as smaller manufacturers reported expansion. According to a private survey by Caixin/S&P Global, the Manufacturing Purchasing Managers’ Index (PMI) hit 50.3, surpassing the forecasted 49.7 from
Gold Prices Dip from Near-Record Highs Amid Uncertain US Fed Rate Cut Expectations
Gold Price Update On September 7, 2024, gold prices dropped from near-record highs due to mixed US job data, which has cast doubt on a significant interest rate cut by the Federal Reserve. After approaching a peak of $2,531 per ounce, gold prices
Pakistan’s Foreign Exchange Reserves Climb to $9.4 Billion
On September 5, 2024, the State Bank of Pakistan reported that its foreign exchange reserves totaled approximately $9.4 billion as of August 30. This marks an increase of $33 million from the previous week. The bank also noted that net foreign reserves held
China Stock Market Set for More Losses Amid Global Economic Worries
Market Overview The Chinese stock market has been declining for several days, losing about 40 points or 1.4%. The Shanghai Composite Index is now just above 2,800 points and is expected to fall further on Wednesday. Global Impact Global economic concerns are affecting