October 18, 2026
Trending now

Guterres urges urgent global action to protect biodiversity

Oil prices hit $110 a barrel on Middle East supply fears

Egypt remittances hit record $33.9 billion in eight months

Samsung unveils AI memory strategy and AMD CXL demo at OCP

OMP and Eastman Show Decision Velocity in Practice at Gartner Supply Chain Planning Summit 2026

Thailand floods kill 71 and hit nearly 909,000 households

Meta debuts Muse Wonder models for AI agents and coding

WHO launches 2030 plan for 24-hour health threat detection

Pakistan imposes governor’s rule in Khyber Pakhtunkhwa

Oman power output rises while water production falls

Tag : Federal Reserve

News

Trump criticizes Fed Chair Powell over interest rate delay

omandailynews.com
U.S. President Donald Trump has renewed his criticism of Federal Reserve Chair Jerome Powell, calling for his removal and blaming the central bank’s leadership for delaying interest rate cuts. Trump's comments, made both online and in the Oval Office, follow...
Business

US economy outperforms as 254,000 jobs added, unemployment falls

omandailynews.com
MENA Newswire News Desk: – The U.S. economy added 254,000 jobs in September, significantly surpassing economists' projections, according to data released by the Bureau of Labor Statistics (BLS). This unexpected surge in employment brought the unemployment rate down to 4.1%,...
Business

Fed Chair Powell signals smaller rate cuts to keep economy in solid shape

omandailynews.com
MENA Newswire News Desk: Federal Reserve Chair Jerome Powell reiterated Monday that the central bank will take necessary measures to maintain the economy’s strength, although future interest rate cuts will likely come in smaller increments. Speaking during a Q&A session...
Business

Chinese Yuan hits record lows against surging US dollar

omandailynews.com
The yuan has hit new record lows against the surging US dollar, with the internationally-traded yuan reaching its lowest point since 2011 and China's domestic currency hitting its weakest level since the 2008 global financial crisis. This depreciation comes as...
Business

JPMorgan Chase exceeds expectations with stellar first-quarter results

omandailynews.com
JPMorgan Chase announced a record-breaking first-quarter profit and revenue that surpassed expectations on Friday. The New York-based bank reported a profit of $12.6 billion or $4.10 per share, up 52% from $8.3 billion or $2.63 per share a year earlier....