latest news in economy

US Economy to Grow Slightly Amid Persistent Inflation in 2026

US Economy to Grow Slightly Amid Persistent Inflation in 2026

Washington, D.C., Monday, 24 November 2025.
Economic growth in the US is expected to rise modestly in 2026, with inflation remaining a key concern, as the Federal Reserve slows its rate cuts.

Treasury Secretary Denies Trump's Tariffs Caused Inflation Spike

Treasury Secretary Denies Trump's Tariffs Caused Inflation Spike

Washington D.C., Monday, 24 November 2025.
Treasury Secretary Scott Bessent clarifies that service sector dynamics, not Trump’s tariffs, are driving current inflation, aiming to shift economic policy discussions.

How Device Hoarding is Hurting U.S. Economic Growth

How Device Hoarding is Hurting U.S. Economic Growth

New York, Sunday, 23 November 2025.
Americans are keeping devices longer, leading to outdated technology that reduces productivity and innovation, costing the U.S. economy significantly.

Federal Reserve's Collins Maintains Stance Against December Rate Cuts

Federal Reserve's Collins Maintains Stance Against December Rate Cuts

Boston, Sunday, 23 November 2025.
Boston Fed President Susan Collins remains reluctant to support a rate cut in December, citing persistent inflation concerns and labor market risks, emphasizing cautious policy decisions amid economic uncertainties.

Bessent Predicts Possible Oil Price Drop Amid Venezuela Tensions

Bessent Predicts Possible Oil Price Drop Amid Venezuela Tensions

Washington, D.C., Sunday, 23 November 2025.
Scott Bessent suggests a Venezuela shock could significantly lower U.S. oil and gas prices, impacting the market amidst geopolitical tensions.

Submarine Cables and Operational Technologies Markets to Double by 2032

Submarine Cables and Operational Technologies Markets to Double by 2032

New York, Saturday, 22 November 2025.
By 2032, the submarine cables market is expected to grow to $14 billion, while operational technologies may reach $292.7 billion, driven by global demand for connectivity and automation.

US Government Cancels October Inflation Report Amid Shutdown

US Government Cancels October Inflation Report Amid Shutdown

Washington, D.C., Friday, 21 November 2025.
The cancellation of October’s CPI report due to the government shutdown leaves the Federal Reserve without essential data, complicating interest rate decisions amid ongoing inflation concerns.

Asthma and COPD Drugs Market to Surge to USD 50.42 Billion by 2033

Asthma and COPD Drugs Market to Surge to USD 50.42 Billion by 2033

New York, Friday, 21 November 2025.
The global market for asthma and COPD drugs is projected to expand from USD 33.16 billion in 2025 to USD 50.42 billion by 2033, driven by increasing respiratory disease prevalence and combination therapy adoption.

September Jobs Report Exceeds Expectations with 119,000 New Jobs

September Jobs Report Exceeds Expectations with 119,000 New Jobs

Washington, D.C., Friday, 21 November 2025.
The September jobs report, delayed due to a government shutdown, reveals 119,000 new jobs, far surpassing forecasts of 50,000. Unemployment rose slightly to 4.4%, the highest since 2021.

Japan's Inflation Hits Three-Month Peak in October

Japan's Inflation Hits Three-Month Peak in October

Tokyo, Friday, 21 November 2025.
Japan’s core inflation reached 3% in October, marking a three-month high. This rise signals continued inflationary pressure, prompting speculation about potential rate hikes by the Bank of Japan.