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latest news in economy

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

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Americans are keeping devices longer, leading to outdated technology that reduces productivity and innovation, costing the U.S. economy significantly.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

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

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

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.