latest news in economy
Federal Reserve Cuts Rates Again as Wall Street Rallies Despite Internal Dissent
New York, Thursday, 11 December 2025.
Wall Street rallied yesterday after the Federal Reserve cut rates by 0.25% to support the labor market. Notably, a rare 9-3 split vote signals growing internal division regarding the future pace of monetary easing in 2026.
Jerome Powell Cautions on 'Unusual' U.S. Economy Amid High Tariffs and Labor Market Strain
Washington, D.C., Wednesday, 10 December 2025.
Federal Reserve Chair Jerome Powell highlights challenges of high tariffs and weakening job growth, suggesting official employment figures may significantly overstate reality, prompting potential policy shifts.
Detroit Economic Growth Corporation Spurs City's Revival with Job Creation and Investments
Detroit, Wednesday, 10 December 2025.
The Detroit Economic Growth Corporation spearheads efforts to revitalize Detroit through innovative investment and job creation strategies, focusing on business support and community enhancement.