Essayer OR - Gratuit
US Fed resists Trump's pressure tactics
Gulf Today
|September 23, 2025
The United States Federal Reserve had on Wednesday cut the interest rate by 25 percentage points, to be in the range between 4 per cent and 4.25 per cent. There was an indication that there would be further cuts in the rate in 2025.
-
(CagleCartoons.com)
The decision was opposed only by the latest President Donald Trump appointee, Stephen Miran, who was sworn in Tuesday morning. Miran voted for a 50 percentage point cut. Two other Trump appointees from the president's first term went with the majority for the moderate cut.
Political confrontation is simmering between President Trump and Fed Reserve chairman Jeremy Powell. Trump wants greater reduction in interest rates with the expectation that businesses and manufacturers could borrow at cheaper rates and the economy could move forward at a brisker pace. Powell and the Fed Reserve have their eyes set on the inflation rate, which is hovering at 3 per cent, above the mandated 2 per cent.
Cette histoire est tirée de l'édition September 23, 2025 de Gulf Today.
Abonnez-vous à Magzter GOLD pour accéder à des milliers d'histoires premium sélectionnées et à plus de 9 000 magazines et journaux.
Déjà abonné ? Se connecter
PLUS D'HISTOIRES DE Gulf Today
Gulf Today
Raum happy to be the gum that gels Germany squad
Germany fullback David Raum has grown into a key player for the national team looking to confirm their World Cup qualification but he is happy to leave the spotlight to more talented teammates, he said on Tuesday.
1 mins
November 12, 2025
Gulf Today
UAE key hub for educational technologies
In a landmark move for the global education industry, Demi Lune Group officially launched the Shiksak Learning System — a groundbreaking, Al-powered Education Management System (EMS) — during an exclusive high-profile ceremony in Dubai. The launch marks a major step in Shiksak’s international expansion, establishing the UAE as a central hub for educational technology and innovation.
1 min
November 12, 2025
Gulf Today
Israel blocking syringes needed to vaccinate Gaza children: UN
Unicef said on Tuesday essential items including syringes to vaccinate children and bottles for baby formula are being denied entry into Gaza by Israel, preventing aid agencies from reaching those in need in the war-devastated territory.
3 mins
November 12, 2025
Gulf Today
SEDD unveils new corporate identity
The Sharjah Economic Development Department (SEDD) has announced the launch of its new corporate identity under the slogan “New Prospects for Sustainable Economy.”
1 min
November 12, 2025
Gulf Today
Atalanta turn to Palladino after sacking coach Juric
Atalanta announced the arrival of Raffaele Palladino as coach on Tuesday, following on from the sacking of Ivan Juric.
1 min
November 12, 2025
Gulf Today
Pistons extend winning streak with victory over Wizards
Cade Cunningham's triple double, Daniss Jenkins's three-pointer at the buzzer and Javonte Green's overtime dunk lifted Detroit past Washington 137-135 on Monday stretching the Pistons’ win streak to seven games.
2 mins
November 12, 2025
Gulf Today
Awesome Alcaraz aces Australian adversary as ailing Auger-Aliassim annihilated at ATP Finals
Carlos Alcaraz battled to victory over Taylor Fritz at the ATP Finals on Tuesday, moving to within one win of securing the year-end number one ranking for the second time.
3 mins
November 12, 2025
Gulf Today
David Szalay wins Booker Prize for fiction with his earthy novel 'Flesh'
Canadian-Hungarian-British writer David Szalay won the Booker Prize for fiction on Monday for \"Flesh,\" the story of one man's life from working-class origins in Hungary to mega-wealth in Britain, in which what isn't on the page is just as important as what is. Szalay, 51, beat five other finalists, including favorites Andrew Miller of Britain and Indian author Kiran Desai, to take the coveted literary award, which brings a 50,000-pound ($66,000) payday and a big boost to the winner's sales and profile. He was chosen from 153 submitted novels by a judging panel that included Irish writer Roddy Doyle and \"Sex and the City\" star Sarah Jessica Parker.
2 mins
November 12, 2025
Gulf Today
Sharjah to boost cooperation among entities in energy sector
Sharjah Asset Management SAM), the investment arm of the Government of Sharjah, received a high-level delegation from the Ministry of Energy and Infrastructure (MoEI) and the Sharjah National Oil Corporation (SNOC).
2 mins
November 12, 2025
Gulf Today
German investor morale falls unexpectedly in November
German investor morale unexpectedly fell in November, the ZEW economic research institute said on Tuesday, reporting a decrease in its economic sentiment index to 38.5 points from 39.3 points in October.
2 mins
November 12, 2025
Listen
Translate
Change font size