On Monday, the Japanese yen’s decline against the U.S. dollar was pronounced, plummeting to its lowest point in 34 years. Briefly, the currency breached the 160 yen per dollar mark, a threshold not seen since 1990, before clawing back some ground. As the Asian trading day drew to a close, it settled around 155 yen […]
In a resolute statement of economic optimism, Treasury Secretary Janet Yellen has asserted that the United States has the capability to tackle inflation. She emphasizes this can be achieved without resorting to measures that would undermine the robustness of the job market. Speaking during a live-streamed interview with Reuters on Thursday, Yellen dismissed the notion. […]
American Productivity Surges in a noteworthy development, the United States experienced a substantial surge in productivity during the fourth quarter of the year, further solidifying the economic rebound witnessed in 2023. The recently released data from the Bureau of Labor Statistics shows an impressive annualized growth rate of 3.2% in output per hour. This follows […]
High interest rates cast a shadow over the Federal Reserve and Chairman Jay Powell as optimism grows about the U.S. economy. According to the latest Gallup poll, Powell’s approval rating has plummeted even more than President Joe Biden’s. The central bank is grappling with public discontent over its handling of inflation and interest rates, with […]