Jerome Powell, chairman of the US Federal Reserve, takes a question during a news conference … [+] following a Federal Open Market Committee (FOMC) meeting in Washington, DC, US, on Wednesday, Dec. 14, 2022. Photographer: Al Drago/Bloomberg © 2022 Bloomberg Finance LP Short-term interest rates will be announced at the […]
economic news of last 6 months
Nevada’s budget gets big boost, says economic forum
Despite fears of a potential recession, Nevada’s coffers are expected to be stuffed full of tax revenue for the next several years as the state’s economy continues to hum. The Nevada Economic Forum Monday approved a projected budget of $11.4 billion for fiscal years 2024 and 2025, more than $2 […]
OPEC Plus oil production cut fuels fears of economic recession in Europe
PARIS — European economists worried about a heightened risk of recession and a bolstered Russia on Thursday, after OPEC Plus, the coalition of oil-producing nations led by Russia and Saudi Arabia, announced that it will slash oil production by 2 million barrels per day. The coalition’s plans prompted a blistering […]