Tag Archives: US economy

Asian stock markets moved higher on Wednesday as investors reacted positively to U.S. President Donald Trump’s assurance that he does not plan to remove Federal Reserve Chairman Jerome Powell. The comments came after earlier speculation that Powell’s job was at risk following the Fed’s pause on rate cuts. Japan’s Nikkei 225 rose by 1.9%, reaching 34,875.64 in the afternoon session. …

The International Monetary Fund has revised its economic outlook, warning that global and U.S. growth prospects have deteriorated due to rising trade tensions and policy uncertainty linked to President Donald Trump’s tariff strategy. According to the IMF’s latest World Economic Outlook, global growth for 2025 is expected to slow to 2.8%, a notable drop from its January projection of 3.3%. …