Economy-kmnewsmedia

OECD lifts U.S., global growth forecasts as economies surprise to the upside

webadmin 2025-09-25

Container backlog occurs at Longtan Port Container Terminal in Nanjing, Jiangsu Province, China, on September 21, 2025. (Photo by Costfoto/NurPhoto via Getty Images) Costfoto| Nurphoto | Getty ...

The Fed cut its interest rate, but mortgage costs went higher

webadmin 2025-09-24

Torsten Asmus | Istock | Getty Images Longer-term Treasury yields jumped this week, flying in the face of the Federal Reserve’s interest rate cut, as bond investors didn’t get t...

Steve Bannon floats idea of Bessent running both Treasury and the Fed

webadmin 2025-09-23

U.S. Treasury Secretary Scott Bessent speaks to the press, on the day of U.S.-China talks on trade, economic and national security issues, in Madrid, Spain, September 15, 2025. Violeta Santos ...

Germany was billed as Europe’s growth driver. Now, economists aren’t convinced

webadmin 2025-09-20

German Chancellor Friedrich Merz addresses the Bundestag during a debate over the 2025 federal budget on September 17, 2025 in Berlin, Germany. Nadja Wohlleben | Getty Images News | Getty Image...

Hassett says Fed made ‘prudent call,’ signaling White House OK with quarter-point cut

webadmin 2025-09-20

The Federal Reserve’s decision to cut its key borrowing rate by a quarter percentage point seems to be sitting well with the White House, if National Economic Council Director Kevi...

Sales of heavy trucks are falling like the U.S. is headed for a recession

webadmin 2025-09-19

Data tracking the sales volume of large trucks in the U.S. is flashing a warning sign about the state of the economy. Heavy trucks sales — or those exceeding 14,000 pounds in gross vehicle weight...