Fed's Powell says economy may be on firmer footing
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Bessent says shutdown is costing US $15 billion a day
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By Olesya Astakhova and Vladimir Soldatkin MOSCOW (Reuters) -One of President Vladimir Putin's top economic officials on Wednesday pushed back at U.S. President Donald Trump's warning that the Russian economy was going to collapse amid lines for gasoline in some regions.
The ‘beige book’ survey of regional conditions showed a subdued economy facing inflation and little or modest growth.
JPMorgan, Citigroup and Wells Fargo all used "resilient" to describe U.S. consumers — even as they grapple with tariffs and a weakening job market.
The AI-driven productivity surge is real, it's already underway, and this will allow robust growth without inflation, a top White House economic adviser and potential next Federal Reserve chair argues.
Despite Donald Trump’s trade and immigration restrictions, America’s economy continues to grow, thanks in part to unprecedented exuberance about AI. Will that continue? Zanny Minton Beddoes, our editor-in-chief,
Donald Trump rode a poor economy back to the White House during his 2024 campaign, but seven months into his second term, most voters aren't seeing
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California falls to world's fifth-largest economy
The change in ranking is due to Japan's economic growth and a strong yen, as well as a slowdown in the Golden State's economic growth.
The federal government shutdown, which began on October 1, is now in its third week with no resolution in sight.
The Kremlin on Wednesday pushed back at U.S. President Donald Trump's warning that the Russian economy was going to collapse, saying that Russia had considerable reserves and was strong enough to allow President Vladimir Putin to achieve his goals.
Follow MarketWatch's live coverage of Tuesday's speech by Fed Chair Jerome Powell, his last comments on interest rates and the economy before the central bank's quiet period that begins after Friday.