Economy News

Economy

John Williams Asserts Current Monetary Policy on Track to Achieve 2% Inflation Target

John Williams, President of the Federal Reserve Bank of New York, discusses the current monetary policy's effectiveness in achieving 2% inflation, emphasizing economic stability an...

Economy

EIA Predicts Minimal Impact on Oil Production Despite Russian Sanctions

The EIA forecasts minimal impact on global oil production from Russian sanctions, with a significant increase in production expected by 2026. Early 2025 may see decreased inventori...

Economy

Cleveland Fed President Hammack Expresses Uncertainty Over Inflation's Path to 2% Target

Cleveland Fed President Beth Hammack discusses the uncertainty of inflation reaching the 2% target, the cooling labor market's impact on wage growth, and the need to assess the eff...

Economy

Fed Chair Jerome Powell Emphasizes No Rush to Alter Monetary Policy Amid Economic Assessments

Federal Reserve Chair Jerome Powell, in his Senate Banking Committee address, reiterated the Fed's cautious stance on monetary policy adjustments, emphasizing a data-driven approac...

Economy

United We Stand: France Calls for European Solidarity Against Trump's Trade Tactics

French Minister Marc Ferracci urges European unity against US tariffs, warning of Trump's strategy to divide Europe. He highlights the indirect effects on the European market and t...

Economy

Vietnam's Online Shopping Boom: $35M Daily Spend Signals Digital Revolution

Vietnamese consumers are spending $35M daily on online shopping, with a significant preference for branded and foreign products. The e-commerce market in Vietnam is booming, with a...

Economy

Neel Kashkari on Rising 10-Year Yield: A Sign of Fiscal Deficits, Not Cause for Alarm

Federal Reserve Bank of Minneapolis President Neel Kashkari discusses the rise in the 10-year Treasury yield, attributing it to fiscal deficits and not seeing it as worrisome. He a...

Economy

US Wholesale Inventories Witness a 0.5% Decline in December, Signaling Economic Shifts

In December 2024, US wholesale inventories fell by 0.5%, aligning with expectations, while sales increased by 1%. The inventory-to-sales ratio also adjusted, indicating a shift tow...