In a closely watched speech before the Council on Foreign Relations in New York on Tuesday, Federal Reserve Chairman Jerome Powell reiterated that the central bank will "act as appropriate" to sustain the U.S. economic expansion.
Powell acknowledged in his prepared remarks that crosscurrents have reemerged since the Fed's May meeting but did not appear to signal the imminent interest rate cut currently being priced in by the markets.
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Political News
May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.