Economy News

Economy

January Sees a 1.1% Dip in Japan's Industrial Production, Yet Annual Growth Persists

Japan's industrial production index fell by 1.1% in January to 100.5, as reported by METI. Despite the monthly decline, there was a 2.6% increase compared to the same month last ye...

Economy

US Natural Gas Inventories See Significant Drop: A 261 Bcf Decrease Unveiled

The Energy Information Administration reports a significant decrease in US natural gas inventories, with a 261 Bcf drop in the week ending February 21. This marks a considerable sh...

Economy

IMF Reports Ongoing Global Disinflation Amid Policy Shifts

IMF Managing Director Kristalina Georgieva discusses the ongoing global disinflation process amidst significant policy changes worldwide, highlighting the complexity and uncertaint...

Economy

Bank of Japan Governor Ueda Raises Alarms Over US Tariffs' Global Impact

Bank of Japan Governor Kazuo Ueda voices concerns over US tariffs' unpredictability and their global economic impact, highlighting the need for close monitoring of trade policies a...

Economy

Federal Reserve Governor Advocates for Simplified Banking Regulations to Empower Community Banks

Federal Reserve Governor Michelle W. Bowman urges for a streamlined regulatory framework to support community banks, emphasizing the need for tailored policies to prevent overregul...

Economy

Historic Drop: Mortgage Rates Hit Two-Month Low, Sparking Homebuyer Interest

Freddie Mac reports a significant drop in 30-year and 15-year fixed-rate mortgage rates, marking the lowest levels since December 2024. This decline, alongside improving housing in...

Economy

Cleveland Fed President Hammack: Rate Cuts Not on the Horizon Amid Inflation Concerns

Federal Reserve Bank of Cleveland President Beth Hammack discusses the cautious approach to adjusting interest rates, emphasizing patience amid efforts to reach the 2% inflation ta...

Economy

Federal Reserve's Harker: Inflation Target Progress Slows, Economic Outlook Remains Positive

Patrick Harker, President of the Federal Reserve Bank of Philadelphia, discusses the slowed progress towards the 2% inflation target, emphasizing the current policy rate's neutral ...