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