Trump announces trade deal with Japan that lowers threatened tariff to 15%
President Trump announced a trade framework with Japan on Tuesday, placing a 15% tax on goods imported from that nation.“This Deal will create Hundreds of…
S&P lowers city of L.A.’s bond ratings amid budget crisis
S&P Global Ratings has lowered the bond ratings for the city of Los Angeles, which is trying to close a nearly $1-billion budget deficit.On Friday,…
Fed lowers interest rates again but more cuts uncertain
WASHINGTON — The Federal Reserve on Wednesday made another cut in interest rates, but dialed back expectations for lowering rates in the near future. The rate…
Charting the Global Economy: IMF Lowers Global Growth Forecast
Breadcrumb Trail LinksPMN BusinessThe International Monetary Fund shaved its global growth forecast for next year, citing accelerating risks from wars and trade protectionism.Author of the…
Charting the Global Economy: ECB Lowers Rates as Inflation Wanes
Breadcrumb Trail LinksPMN BusinessThe European Central Bank reduced interest rates for the third time this year as a hastier retreat in inflation allows policymakers to…
US sharply lowers number of jobs added in year ending in March | Unemployment News
Economists are divided on the extent of the rate cuts that the US Federal Reserve should undertake this year in light of the latest employment…