The Fed Chair Jerome Powell is facing intense pressure from the president. The president's frustration stems from Powell's reluctance to lower interest rates. The president believes that the Fed should have reduced rates earlier, especially when compared to the European Central Bank's recent move. This tension comes at a time when the economy is facing challenges due...
The announcement of new tariffs on April 2, 2025, marked a significant turning point in U. S. trade policy. President Trump, flanked by union workers, declared this day as a moment of liberation from the free-trade agreements that had long been hailed as economic saviors. These tariffs are not minor tweaks but a bold challenge to the elite who have profited from the ...
The Chinese railway system is a complex web of tracks and trains, influenced by many factors. To understand how government rules affect this system, a new approach has been developed. This approach, known as the improved comparative static model, uses clever math tricks to figure out how changes in rules impact the economy. The model tackles tricky math problems tha...
The US job market is facing some tough times. The number of job openings has gone down. This is a sign that employers are not as eager to hire as they were before. This drop in job openings is a clear sign that something is changing in the job market. The federal government is one of the places where this change is most noticeable. Layoffs in the federal governm...
The latest data from the Commerce Department revealed that retail sales in the US saw a modest increase in February. This uptick was smaller than what analysts had predicted, raising questions about the strength of consumer spending. This is crucial because consumer spending is a major driver of the US economy. The February sales figures showed a 0. 2 percent increa...
Ken Griffin's Citadel isn't messing around, not even in a tricky market. In January, the hedge fund’s main strategy fund made a 1. 4%. looks pretty good when you're dealing with all five of its strategies - commodities, equities, fixed income, credit, and quantitative. 56-year-old Citadel's founder Kenny Griffin thinks about these things a lot. Eve...