US Federal Reserve cuts rate by 25 bps: Jerome Powell-led FOMC says economic outlook uncertainty elevated; December cut ‘not a foregone conclusion’

US Federal Reserve Chairman Jerome Powell-led Federal Open Market Committee (FOMC) on Wednesday cut the key benchmark rate by 25 basis points, bringing it down to the 3.75-4.00 per cent range. According to the FOMC statement, “uncertainty about the economic outlook remains elevated.”“Available indicators suggest that economic activity has been expanding at a moderate pace. … Read more

U.S. Federal Reserve cuts interest rate by 0.25 points

The Federal Reserve cut its key interest rate by a quarter point Wednesday (September 17, 2025) and projected it would do so twice more this year as concern grows at the central bank about the health of the nation’s labour market. The move is the Fed’s first cut since December and lowered its short-term rate … Read more

US, EU lock in trade deal; US official sees auto tariff relief in weeks

The United States and the European Union on Thursday locked in a framework trade deal reached last month that includes a 15% U.S. tariff on most EU imports, including autos, pharmaceuticals, semiconductors and lumber. In a 3-1/2-page joint statement, the two sides listed the commitments made, including the EU’s pledge to eliminate tariffs on all … Read more

US farms recession: US farms in trouble? Falling crop prices, and diminishing incomes summing up to a potentially biggest farm recession in American history

The agricultural forces in the United States are slowly giving up on themselves, with decreasing incomes and falling of crop prices becoming the biggest issues for farmers across key agricultural regions in the US. Is the United States nearing a farm recession? According to a Wall Street Journal report, farmers in northeastern North Dakota, reportedly, … Read more