Economic News

The U.S. stock market is approaching record highs, buoyed by enthusiasm surrounding artificial intelligence (AI) innovations, even as trade tensions escalate following new tariffs imposed by President Donald Trump. According to former International Monetary Fund (IMF) chief economistGita Gopinath, the surge bears resemblance to …

In a move that was largely anticipated by Wall Street, the U.S. Federal Reserve's Federal Open Market Committee (FOMC) announced a quarter-percentage-point cut to the federal funds rate on September 17, 2025. This brings the new target range to 4% to 4.25%. The decision …