Economy News

Economy

U.S. Races Against Time to Forge Trade Deals with Allies Amid 90-Day Tariff Truce

The U.S. is actively negotiating trade deals with allies during a 90-day tariff suspension, prioritizing countries like South Korea and Japan. Treasury Secretary Scott Besant highl...

Economy

Fed's Bostic Warns: Rising Tariffs Could Delay Inflation Targets and Economic Growth

Atlanta Fed President Raphael Bostic discusses the potential for tariffs to increase prices and delay inflation targets, amid ongoing trade tensions and efforts to revive US manufa...

Economy

RBA Holds Firm: Australia's Central Bank Stays Cautious Amid Global Economic Uncertainties

The Reserve Bank of Australia keeps interest rates steady amid global economic uncertainties, citing restrictive financial conditions and the potential impact of US tariffs on infl...

Economy

South Korea Proposes $8.43 Billion Extra Budget to Tackle AI, Trade, and Welfare Challenges

South Korea's Finance Minister proposes a 12 trillion won extra budget to focus on disaster recovery, trade, AI competitiveness, and public welfare, marking a 2 trillion won increa...

Economy

Fed's Waller Highlights Trade Policy Uncertainties and Inflation Concerns in St. Louis Speech

Federal Reserve's Christopher Waller discusses the uncertainties of trade policies and tariffs, their impact on financial markets, and potential inflation spikes in a speech to fin...

Economy

OPEC Adjusts 2025 Global Oil Demand Forecast to 1.3M bpd Amid Economic Shifts

OPEC revises its 2025 global oil demand growth forecast down to 1.3M bpd, citing Q1 data and US tariffs. OECD and non-OECD countries show varied demand growth adjustments, with a s...

Economy

OPEC Lowers Global Growth Forecast to 3% Amid Trade Uncertainty and Economic Slowdown

OPEC has downgraded its global economic growth forecast for 2025 to 3%, citing trade uncertainties and slowdowns in major economies like the US, Eurozone, and China, with a slight ...

Economy

IMF Raises Alarm: Escalating Trade Wars Could Undermine Global Financial Stability

The IMF warns that trade wars and geopolitical risks could lead to significant declines in stock prices and increased sovereign risk premiums, threatening global financial stabilit...