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This aerial view taken from a commercial flight shows cargo ships docked along the strait in Singapore on April 7, 2025. Mohd Rasfan | Afp | Getty Images Singapore’s economy expanded faster than expected in the third quarter, even as the country’s central bank warned that growth is likely to slow in 2026. Gross domestic … Read more
The Bank of England on Thursday cut its key interest rate by a quarter point to 4.25 percent as the threat of US tariffs starts to weigh on economic growth. The central bank’s fourth such reduction in nine months, which had been widely expected by markets, contrasts with a decision by the US Federal Reserve … Read more
In a bid to more aggressively compete with rival AI companies like Google, OpenAI is launching Flex processing, an API option that provides lower AI model usage prices in exchange for slower response times and “occasional resource unavailability.” Flex processing, which is available in beta for OpenAI’s recently released o3 and o4-mini reasoning models, is … Read more
Key Takeaways Tariffs are likely to lead to higher inflation and slower economic growth. The Federal Reserve is monitoring tariff effects but remains cautious about monetary policy changes. Share this article Fed Chair Jerome Powell said today that Trump’s newly announced tariffs are higher than expected and these measures are likely to lead to higher … Read more
Respondents to the March CNBC Fed Survey have raised the risk of recession to the highest level in six months, cut their growth forecast for 2025 and hiked their inflation outlook. Much of the change appears to stem from concern over fiscal policies from the Trump administration, especially tariffs, which are now seen by them … Read more
Federal Reserve officials at their December meeting expressed concern about inflation and the impact that President-elect Donald Trump’s policies could have, indicating that they would be moving more slowly on interest rate cuts because of the uncertainty, minutes released Wednesday showed. Without calling out Trump by name, the meeting summary featured at least four mentions … Read more
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