Fed rate cut is attempt to prevent recession without sending prices soaring
The Fed's job can seem like a balancing act. Dimitri Otis/DigitalVision via Getty ImagesThe Federal Reserve on Sept.
The Fed's job can seem like a balancing act. Dimitri Otis/DigitalVision via Getty ImagesThe Federal Reserve on Sept.
The U.S. central bank is widely expected to cut interest rates for the first time this year, despite the economy sending mixed signals.
Cast Of Thousands/ShutterstockThese days, institutions and companies love to announce what they’re doing to tackle the climate crisis. Terms like “sustainable”, “environmentally friendly” and “low-carbon” are often used to trumpet messages about production and consumption. But in reality, the claims are not always accompanied by real, effective action – a shady practice known as greenwashing.
House Republicans extended a maneuver they engineered earlier in the year that effectively strips Congress of the power to disapprove of President Trump’s tariffs.
Olympic swimmer Ben Proud has become the first British athlete to join the Enhanced Games – a controversial new event that allows athletes from all over the world to compete using performance-enhancing drugs. The prize money on offer can hit US$1 million (£730,000). But the swimmer, who won a silver medal at last year’s Paris Olympics, has sparked sharp criticism from sporting bodies after announcing he would be taking part.
r.nagy/ShutterstockEconomists have argued for years that council tax in the UK was rushed in and badly thought out. After the poll tax fiasco of the early 1990s, a substitute was urgent. The answer was council tax, but this was almost as unfit for purpose as the poll tax it replaced.
Interest rates are a tricky balancing act, as Fed Chair Jerome Powell knows well. AP Photo/Alex BrandonThe Federal Reserve is in a nearly impossible spot right now.
Go directly to jail? Not quite. Sergey Chayko/Getty Images PlusWith the indictment on Oct.
Women typically earn less than men per hour that they work. MoMo Productions/DigitalVision via Getty ImagesWomen in the U.S. typically earned 85% as much as men for every hour they spent working in 2024. However, working women are faring much better than their moms and grandmothers did 40 years ago.
Top economic officials met in Madrid for a second day, with deadlines looming on tariffs and a ban on TikTok in the United States if it is not sold by its Chinese owner, ByteDance.