News
US economy in recovery mode
There are clear signs that inflation is easing across the country but the Federal Reserve says it will continue to raise interest rates until it hits a target of 2%
Is inflation in the US slowing down?
The lastest reports released by the US government showed that consumer prices did not rise icompared to the previous month.
But the inflation rate is still a lot higher than the Fed’s goal.
Minneapolis Federal Reserve Bank President Neel Kashkari, said that the consumer price index report was “welcome” news, but the Fed is “far, far away from declaring victory” on inflation.
Kashkari also said that he hasn’t found a reason for the Fed to increase its policy rate to 3.9% by the end of the year and to 4.4% by the end of 2023.
The rate is currently in the 2.25% to 2.5% range.
The dollar also fell broadly following the U.S. inflation report for July.
And despite Kashkari’s statement, many are still wondering whether the latest figures will be enough to stop the Federal Reserve from an aggressive interest rate hike.
These developments were welcomed by consumers,
In particular good news came as the average price of US retail gasoline fell below $4 dollars per gallon for the first time in months.
According to Reuters, many economists believe, less policy tightening would be enough to bring prices under better control.
Nonetheless, there are clear signs the economy is improving and this has provided relief for the wider public.
News
U.S. – India trade deal cuts tariffs and reshapes global energy flows
US cuts tariffs on Indian goods to 18%; India reduces Russian oil imports and enhances US energy purchases.
US cuts tariffs on Indian goods to 18%; India reduces Russian oil imports and enhances US energy purchases.
The United States has reduced tariffs on Indian goods to 18 percent following a landmark trade agreement. This move comes after months of trade tensions between the two nations and is seen as a major win for India’s economy.
Under the deal, India will end its purchases of Russian oil while increasing imports of U.S. energy and other products. Prime Minister Narendra Modi praised the agreement, saying it will strengthen India’s economic growth and global trade relationships.
Following the announcement, U.S.-listed shares of major Indian companies have seen positive movement, signalling investor confidence in the trade deal.
Subscribe to never miss an episode of Ticker – https://www.youtube.com/@weareticker
News
Iran orders nuclear talks with the U.S. as tensions rise at home and abroad
Iran seeks nuclear talks with the U.S. in Turkey, amid concerns over missiles, uranium, and domestic unrest.
Iran seeks nuclear talks with the U.S. in Turkey, amid concerns over missiles, uranium, and domestic unrest.
Iran’s President has ordered the resumption of nuclear negotiations with the United States, with talks expected to take place in Turkey in the coming weeks.
Iran’s Foreign Ministry says regional countries will help facilitate the discussions, signalling a renewed diplomatic push after years of stalled engagement and rising tensions.
Despite the move, officials warn the talks won’t be easy, with deep disagreements still unresolved on both sides.
Subscribe to never miss an episode of Ticker – https://www.youtube.com/@weareticker
News
Trump responds as Kristi Noem mandates body cameras for federal officers in Minneapolis
Trump advocates body cameras for police to prevent false claims; Noem mandates all federal officers in Minneapolis to wear them.
Trump advocates body cameras for police to prevent false claims; Noem mandates all federal officers in Minneapolis to wear them.
Homeland Security Secretary Kristi Noem has ordered body cameras for all federal agents in Minneapolis following public outrage over the deaths of two U.S. citizens at the hands of immigration officers. Donald Trump says body cameras help prevent false claims against police.
The policy change comes as videos and eyewitness accounts have challenged official narratives and fuelled demands for transparency and reform.
-
Tech2 days agoNvidia and Amazon explore massive OpenAI funding round
-
Money16 hours ago
Australia’s inflation hits 3.8%: Budget decisions under pressure
-
Money20 hours ago
Wall Street gains momentum amid tech and earnings surge
-
Shows2 days ago
How AI is transforming real estate investment strategies
-
News5 days ago
Big Tech earnings spark investor unease over AI spending
-
Ticker Views14 hours ago
US-Russia nuclear arms control treaty comes to an end
-
Money5 days ago
U.S. dollar weakens while Australian dollar rises amid global market shifts
-
Ticker Views3 days ago
3 things to know about Kevin Warsh, Trump’s nod for Fed chair
