Category: Economy

EconomyPolicy

Federal Reserve Independence Crucial Amid Economic Pressures, Officials Emphasize

Federal Reserve officials emphasize the institution’s independence from political influence as crucial for effective monetary policy. The central bank’s dual mandate of price stability and maximum employment requires long-term thinking beyond political cycles, according to recent statements.

Federal Reserve’s Structural Independence

Amid ongoing economic uncertainties and political pressures, Federal Reserve officials are reiterating the importance of the central bank’s independence, according to recent statements from San Francisco Fed President Mary Daly. Sources indicate this structural separation from direct political influence has been fundamental to the Federal Reserve‘s operations since its founding in 1913.

by Elijah Porter
BusinessEconomy

China’s Economic Expansion Slows to Annual Low Amid Property Market Declines

China’s economic growth has decelerated to its slowest pace in a year, with GDP expanding 4.8% year-on-year in the third quarter. The slowdown comes as property prices decline further and retail sales weaken despite stronger industrial production.

Economic Growth Moderates Amid Trade Tensions

China’s economic expansion has reportedly slowed to its lowest level in twelve months, with the gross domestic product growing 4.8% year-on-year in the July-September quarter, according to the National Bureau of Statistics. This represents a moderation from the 5.2% growth recorded in the second quarter and falls below the 5.4% expansion seen in the first three months of the year. The cooling growth coincides with ongoing trade tensions between Beijing and Washington, which analysts suggest have dampened economic activity.

by Elijah Porter