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Trump immigration policy may be shrinking labor force, economists say
If a reduction in the immigrant labor force is sustained, it would likely pose problems for the U.S. economy, some economists said.Read More...
Kansas City Fed’s Schmid shows hesitation about widely expected September rate cut
The policymaker pushed back on market pricing that points strongly to the FOMC lowering its key borrowing rate next month.Read More...
Divided Fed worried about tariffs, inflation and the labor market, minutes show
Fed officials worried at their July meeting about the state of the labor market and inflation, though most agreed it was too soon to cut rates, minutes showed.Read More...
Crypto firms urge UK to form national stablecoin strategy to avoid falling behind U.S.
In an open letter, several major crypto firms said the U.K. "must act now to avoid being a rule-taker rather than a rule-maker in the digital asset era."Read More...
Bessent says interviews for ‘incredible group’ of potential Fed chairs will start after Labor Day
In a CNBC interview, Bessent confirmed the race to replace current Chair Jerome Powell is between 11 candidates.Read More...
China’s EV industry is spending more on factories abroad than at home for the first time
For the first time on record, the Chinese electric car supply chain last year invested more overseas than domestically, according to Rhodium Group.Read More...
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