Economy News

Economy

ECB's Lagarde Signals a Significant Shift Towards Less Restrictive Monetary Policy

ECB President Christine Lagarde announces a significant shift towards a less restrictive monetary policy, highlighting a 150 basis point reduction in interest rates and emphasizing...

Economy

ECB President Lagarde Announces 2% Inflation Target to Be Achieved by Early 2026

ECB President Christine Lagarde updates the inflation target to 2% by early 2026, citing energy prices as a key factor. Future monetary policy adjustments will consider energy pric...

Economy

US Job Market Shows Resilience: Jobless Claims Drop to 221,000

The US labor market shows signs of improvement as jobless claims drop to 221,000, below analysts' expectations. The insured unemployment rate remains steady, but there's a slight i...

Economy

US Trade Deficit Hits Record High in January, Surpassing Expectations

The US trade deficit reached a record $131.4 billion in January, the highest since May 2022, due to a significant increase in imports. Exports also rose, but not enough to offset t...

Economy

US Sees Significant Drop in Jobless Claims, Signaling Economic Resilience

The United States has seen a significant decrease in jobless claims, with a drop of 21,000 to 221,000 for the week ending March 1, surpassing analysts' expectations. The insured un...

Economy

Lagarde Warns of Downside Risks to Growth Amid Trade Tensions and Geopolitical Concerns

ECB President Christine Lagarde discusses the downside risks to economic growth due to trade tensions and geopolitical concerns, while highlighting potential boosts from domestic c...

Economy

ECB President Lagarde Warns: High Trade Policy Uncertainty is Undermining European Exports

ECB President Christine Lagarde discusses the impact of trade policy uncertainty on European exports and investment, following a decision to cut key interest rates. She urges EU go...

Economy

ECB Slashes Interest Rates by 25 Basis Points Amid Economic Slowdown

The European Central Bank (ECB) has cut interest rates by 25 basis points to stimulate the economy, with new rates effective from March 12. The ECB also revised its inflation and g...