Deena Zaidi

Data & financial journalist covering global economics and policy

All posts by Deena Zaidi

The Future of the Federal Reserve under Trump

Posted on Author Deena ZaidiPosted in Banking and Finance, Banking News, World Economy

The Fed’s interest rate decision on Thursday coincides with the electoral victory of Donald Trump, who won both the popular and Electoral College votes in a strong political comeback in U.S. history, with promises of lowering inflation.

IMF forecasts rising unemployment in U.S. and Canada in 2025

Posted on Author Deena ZaidiPosted in Europe, Japan, United States of America, World Economy

The IMF forecasts rising unemployment rates in 2024 and 2025 for G7 countries, driven by significant increases in the U.S. and Canada, despite initial declines since the 2020 pandemic.

“Oil glut” looms amid rising non-OPEC production and China’s slowing demand

Posted on Author Deena ZaidiPosted in China, World economy, World Economy

Global commodity prices are set to tumble to a five-year low in 2025 amid an oil glut—so large that it is likely to limit the price effects even of a wider conflict in the Middle East

Here’s why gold prices hit record high (again)

Posted on Author Deena ZaidiPosted in Banking and Finance, Banking News, Gold/ gold ETF, World Economy, World economy

Central bank purchases have been key in driving up gold, often considered a haven in times of uncertainty and turmoil. Global uncertainties and the Federal Reserve slashing interest rates this year giving bullion a lift.