Updated 2:00 PM EDT, Wed, May 20, 2020

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U.S. economy

Janet Yellen

U.S. Fed Rate Hike To Be On 'Meeting-By-Meeting' Basis

In the Semiannual Monetary Policy Report to the Congress on Tuesday, US Federal Reserve Chair Janet Yellen told the committee that the monetary board would be mulling over raising federal rates on a "meeting-by-meeting" basis, confirming expectations of a rate hike this year, in the months to follow.

China Says U.S. Still World’s Largest Economy

The head of China's National Bureau of Statistics (NBS) said that contrary to reports, China has not overtaken the U.S. as the world's largest economy.

Crude Oil

Brent Crude Oil Price Falls to Lowest Level Since 2009

Brent crude oil has fallen below US$50, marking its lowest level since early 2009. It is now at a six-year low.

Jobs report

September US Jobs Report Strong But With Some Worrisome Signs

With nearly 250,000 jobs created in September following a disappointing August jobs report, the Bureau of Labor Statistics Friday said unemployment has fallen to just less than 6 percent. Wall Street responded with rising stock prices when the job news was announced.

United States President Barack Obama

Obama Shifts Focus On Economy As Midterm Election Approaches

U.S. President Barack Obama on Thursday shifted his focus on the country's economy, the issue that voters consider most important as the November midterm election approaches.

Beijing Buildings

China's Economy to Overtake U.S. as World's Largest by 2024

Global industrial data and analysis company IHS said China is poised to overtake the United States as the world's largest economy by 2024 due to a rise in consumer spending.

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