latest news in economy

Dimon Warns DOJ Probe Into Federal Reserve Could Trigger Higher Interest Rates

Dimon Warns DOJ Probe Into Federal Reserve Could Trigger Higher Interest Rates

New York, Wednesday, 14 January 2026.
JPMorgan’s CEO warns the administration’s criminal probe into Chair Powell will backfire, creating market instability that forces the very interest rate hikes the White House hopes to prevent.

Massive National Debt Has Already Eroded Federal Reserve Independence

Massive National Debt Has Already Eroded Federal Reserve Independence

Washington D.C., Wednesday, 14 January 2026.
Economist Tyler Cowen argues the $38 trillion national debt has already nullified Federal Reserve independence, predicting years of 7% inflation may be necessary to erode the burden.

December Inflation Data Reveals Cooling Trend as Price Growth Slows Unexpectedly

December Inflation Data Reveals Cooling Trend as Price Growth Slows Unexpectedly

Washington D.C., Tuesday, 13 January 2026.
Core inflation hit a four-year low of 2.6% in December, missing forecasts. This cooling trend offers the Federal Reserve a confident signal of stability despite recent government shutdown distortions.

China Projected to Sustain 5-6% Growth Through 2035 Driven by Tech Innovation

China Projected to Sustain 5-6% Growth Through 2035 Driven by Tech Innovation

Beijing, Monday, 12 January 2026.
Leveraging a “latecomer advantage” and over 6 million annual STEM graduates, China is positioned to sustain 5-6% economic expansion through 2035, defying global headwinds.

Yardeni Attributes Economic Resilience to Massive Baby Boomer Wealth Advantage

Yardeni Attributes Economic Resilience to Massive Baby Boomer Wealth Advantage

New York, Monday, 12 January 2026.
Controlling a staggering $85.4 trillion, Baby Boomers now drive US economic resilience, creating a “gen-shaped” dynamic that sustains growth despite the affordability crisis squeezing younger generations.

Federal Reserve Criminal Inquiry Threatens to Halt 2026 Interest Rate Cuts

Federal Reserve Criminal Inquiry Threatens to Halt 2026 Interest Rate Cuts

Washington, Monday, 12 January 2026.
Despite administration pressure for cheaper money, the DOJ’s criminal probe into Chair Powell is expected to freeze rate cuts throughout 2026, directly contradicting the President’s economic goals.

US Envoy Confirms Critical Trade Talks Resume Jan 13 as India Joins Strategic Alliance

US Envoy Confirms Critical Trade Talks Resume Jan 13 as India Joins Strategic Alliance

New Delhi, Monday, 12 January 2026.
Ambassador Sergio Gor confirmed trade negotiations resume January 13. Crucially, he announced India’s invitation to the exclusive US-led Pax Silica alliance next month, signaling deeper cooperation despite recent tariff tensions.

South Korean Won Slides to Three-Week Low Ahead of Central Bank Review

South Korean Won Slides to Three-Week Low Ahead of Central Bank Review

Seoul, Monday, 12 January 2026.
Despite record-breaking stock market highs, the won weakened past 1,460 per dollar, erasing recent intervention gains as persistent demand for safe-haven assets drives volatility.

Oil Prices Climb as Iranian Instability Threatens Global Supply

Oil Prices Climb as Iranian Instability Threatens Global Supply

Tehran, Monday, 12 January 2026.
Civil unrest in Iran now threatens 1.9 million barrels of daily exports, driving crude prices higher despite parallel U.S. efforts to secure Venezuelan oil inventories.

Criminal Investigation Opened Into Fed Chair Powell Over Renovation Testimony

Criminal Investigation Opened Into Fed Chair Powell Over Renovation Testimony

Washington D.C., Monday, 12 January 2026.
In an unprecedented move challenging the Federal Reserve’s independence, U.S. prosecutors have opened a criminal investigation into Chair Jerome Powell. The probe centers on allegations that Powell misled Congress regarding the scope and costs of the central bank’s headquarters renovation. While the inquiry focuses on construction details, Powell contends this legal action is a political pretext used by the Trump administration to pressure the Fed into lowering interest rates, raising critical questions about the future of monetary policy autonomy.