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.
All posts by Deena Zaidi
“Oil glut” looms amid rising non-OPEC production and China’s slowing demand
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.
UPDATED: Federal Reserve’s first interest rate cut since 2020
Posted on Author Deena ZaidiPosted in Banking and Finance, Banking News, Politics & Policy, United States of America, World Economy
The Federal Reserve lowered interest rates for the first time since 2020.