Economy News

Economy

Global Economic Downturn Spurs Fitch to Predict Aggressive ECB and Emerging Markets Rate Cuts

Fitch Ratings forecasts deeper interest rate cuts by the ECB and emerging markets due to worsening global economic conditions and escalating trade wars, revising the 2025 world gro...

Economy

Federal Reserve Chair Warns: Long-term Inflationary Risks from Tariffs Could Surpass Expectations

Federal Reserve Chair Jerome Powell warns that the inflationary impact of tariffs could last longer than expected, highlighting the need for careful policy consideration and analys...

Economy

Fed Chair Powell Warns: Trump Tariffs Could Derail 2025 Economic Goals Amid Inflation Fears

Fed Chair Jerome Powell warns that Trump's tariffs could disrupt the Fed's 2025 goals, citing risks of higher inflation, supply chain issues, and unemployment. The Fed may face dif...

Economy

Fed Chair Powell Warns: Trump's Tariffs May Fuel Longer-Than-Expected Inflation Surge

Federal Reserve Chair Jerome Powell warns that Trump's tariffs could lead to a more persistent inflationary impact than expected, emphasizing the need for careful monitoring and an...

Economy

March Sees a 0.3% Dip in US Industrial Production Amid Varied Sector Performances

US industrial production fell by 0.3% in March, with utilities dropping 5.8% due to warmer weather. Manufacturing and mining saw slight increases, and business equipment rose by 1....

Economy

Bank of Canada Holds Interest Rates Steady at 2.75% Amid Global Trade Tensions

The Bank of Canada has kept its interest rate at 2.75% due to uncertainties from global trade tensions, particularly US tariff policies, affecting economic growth and inflation exp...

Economy

April Sees a Slight Uplift in US Home Builder Confidence Amid Market Fluctuations

In April, US home builder confidence slightly improved to 40, with current sales conditions rising to 45. However, future sales expectations dropped to 43, while prospective buyer ...

Economy

Global Economic Downturn Prompts Fitch to Predict Aggressive ECB and Emerging Markets Rate Cuts

Fitch Ratings forecasts deeper interest rate cuts by the ECB and emerging markets due to worsening global economic conditions and an escalating US-China trade war, adjusting its 20...