Author: Avijit Sah

AI’s rise stirs excitement, sparks job worriesRead More

Hassett says rate cut likely at next Fed meetingRead More

US President Donald Trump teased that a possible pick from his list of potential Federal Reserve (Fed) Chair candidates could be Kevin Hassett, the current chairman of the National Economic Council, who was tapped by Donald Trump for the position.Hassett’s economic policy tenure includes short stints as an economics professor and an economist for the Division of Research and Statistics for the Federal Reserve Board of Governors. None of the positions lasted more than five years. Hassett’s most notable economic contributions involve a scholar position at the American Enterprise Institute, where he would write weekly op-ed pieces for newsprint.Hassett is…

Gold (XAU/USD) dips some 0.80% on Tuesday as traders seem to be booking profits ahead of next week’s Federal Reserve (Fed) monetary policy meeting, amid a firm US Dollar. At the time of writing, XAU/USD trades at $4,193, after hitting a daily high of $4,240.XAU/USD falls as traders unwind positions before next week’s FOMC decisionAn upbeat market mood weighed on Gold’s haven appeal, while the Greenback, according to the US Dollar Index (DXY), holds firm at 99.44, up 0.04%.On Monday, the ISM Manufacturing Purchasers Managers Index (PMI) was weaker than expected in November, exerting pressure on the Fed to reduce…

No recession risk for US economy as a whole, Bessent tells NBCRead More

Exclusive-DOGE ’doesn’t exist’ with eight months left on its charterRead More