Economy News

Economy

December Sees a 3.8% Surge in Japan's Producer Prices Amid Economic Shifts

Japan's producer price index rose by 3.8% in December, meeting expectations. Export prices increased by 0.7% annually, while import prices fell by 3.3%, reflecting the nuanced stat...

Economy

Slight Uplift in US Economic Activity: Insights from the Latest Fed's Beige Book

The latest Federal Reserve Beige Book reports a slight to moderate increase in US economic activity, with mixed employment trends across Districts and cautious manufacturing sector...

Economy

Fed's Austan Goolsbee Forecasts Optimistic Economic Soft Landing by 2025

Federal Reserve Bank of Chicago President Austan Goolsbee is optimistic about achieving a soft economic landing by 2025, citing progress in disinflation and the Fed's focus on PCE ...

Economy

Alan Taylor Advocates for Immediate Rate Cuts to Counter UK Economic Slowdown

Alan Taylor, a Bank of England policymaker, calls for swift interest rate cuts to address the UK's economic slowdown, emphasizing the need for a soft landing as inflation cools.

Economy

Uncertain Economic Outlook: Fed's Williams Highlights Policy Impacts on Growth and Inflation

Federal Reserve Bank of New York President John Williams discusses the uncertain economic outlook, highlighting the impacts of various policies on growth and inflation. He projects...

Economy

US Inflation Hits 2.9% in December, Surpassing Expectations and Previous Rates

The US annual inflation rate rose to 2.9% in December, up from 2.7% in November, matching expectations. The CPI grew by 0.4% monthly, with energy and food indices showing mixed tre...

Economy

Larry Fink of BlackRock Highlights Impending Insurance Crisis Post LA Wildfires

BlackRock's CEO Larry Fink warns of a looming insurance crisis in the U.S. following the LA fires, which have caused significant damage and loss. Amidst this, BlackRock reports a 2...

Economy

OPEC Optimistic: Global GDP Growth to Hit 3.1% by 2025 Amid Economic Shifts

OPEC forecasts global GDP growth to reach 3.1% by 2025, with significant contributions from the US, India, and China. Economic expansion is contingent on falling inflation and caut...