Economy News

Economy

Trump's Tariff Threats Loom Large: Fitch Sounds Alarm on Global Trade Disruptions

Fitch warns that Trump's proposed tariffs could negatively affect global commodity markets, especially base metals, chemicals, and oil, due to reduced Chinese demand. The tariffs c...

Economy

Atlanta Fed Lowers Q4 GDP Growth Estimate to 3.1% Amid Economic Data Updates

The Atlanta Fed's GDPNow model estimates Q4 2024 U.S. GDP growth at 3.1%, down from 3.3%. This revision follows updated economic data from the Census Bureau, US Bureau of Labor Sta...

Economy

Breaking: House Speaker Johnson Announces Progress on Stopgap Bill

House Speaker Mike Johnson announces progress on the next stopgap bill, aimed at keeping the government funded through March 14, with $10 billion for farmers.

Economy

December Sees No Change in US Home Builder Confidence Amidst Economic Challenges

US home builder confidence in newly-built single-family homes remained unchanged in December, according to the NAHB/Wells Fargo HMI. The index stood at 46, with various sub-indices...

Economy

US Industrial Production Sees Slight Decline in November: Key Insights

US industrial production decreased by 0.1% in November compared to the previous month and by 0.9% compared to 2023, with manufacturing output up by 0.2% but down 1% year-on-year. M...

Economy

US Manufacturing and Trade Inventories Climb by 0.1% in October, Reaching $2.58 Trillion

US Census Bureau reports a 0.1% increase in manufacturing and trade inventories, reaching $2.58 trillion in October, reflecting a 2.4% annual growth.

Economy

Navarro Promises Trump Admin Will Tackle Inflation Head-On

Peter Navarro, Trump's pick for senior counselor for trade and manufacturing, claims the new administration will tackle inflation head-on, starting with energy sector reforms and r...

Economy

US Retail Sales Surge: November Sees 0.7% Increase, Beating Expectations

The US Census Bureau reports a 0.7% increase in retail and food services sales in November, reaching $724.6 billion and exceeding analysts' expectations. Year-on-year sales advance...