Economy News

Economy

Joachim Nagel Advocates for a Gradual Shift Towards Neutral Rates Amid Economic Uncertainty

Joachim Nagel, a key figure in the European Central Bank, advocates for a cautious, gradual approach to adjusting monetary policy as the ECB approaches the neutral rate, emphasizin...

Economy

Mexico Challenges US Steel and Aluminum Tariffs: A Strategic Move by President Sheinbaum

Mexican President Claudia Sheinbaum is set to challenge US President Trump's tariffs on steel and aluminum imports, arguing that the US benefits more from exports to Mexico. The mo...

Economy

Mexico Challenges US Steel and Aluminum Tariffs: A Strategic Move Against Trump's Policies

Mexican President Claudia Sheinbaum plans to challenge US President Donald Trump's tariffs on steel and aluminum imports, arguing they are not beneficial for the US due to its trad...

Economy

US Mortgage Applications Surge by 2.3%: A Closer Look at the Latest Trends

US mortgage applications increased by 2.3% as of February 7, with the Refinance Index reaching its highest since October 2024. The Market Index also grew, despite a slight drop in ...

Economy

US Mortgage Applications See a 2.3% Uptick, Refinancing Hits Highest Since October 2024

US mortgage applications rose by 2.3% recently, with refinancing hitting its highest since October 2024. The Market and Refinance Indices increased, while the Purchase Index saw a ...

Economy

South Korea's Household Loans Dip for the First Time in 10 Months Amid Rising Economic Concerns

South Korea's household loans saw their first decline in 10 months, decreasing by 900 billion won in January. This shift is attributed to economic uncertainties and a slowdown in h...

Economy

Fed Chair Powell Hints at Stable Interest Rates Following Strong Labor Market Report

Federal Reserve Chairman Jerome Powell signals steady interest rates in light of positive labor market data, emphasizing the strength of the U.S. economy and the Fed's cautious app...

Economy

Federal Reserve's John Williams Asserts Diminishing Inflation Risks Amid Economic Stability

New York Federal Reserve President John Williams signals confidence in easing inflation, suggesting current monetary policy is restrictive enough to control inflation and support e...