Economy News

Economy

Bank of Japan Takes Bold Step: First Rate Hike in 17 Years to Combat Inflation

The Bank of Japan raises its benchmark interest rate to 0.5%, the highest in 17 years, in response to a 3.6% annual inflation rate in December, causing the yen to strengthen agains...

Economy

Trump's Inauguration Day Triumph: $3 Trillion Investment Surge Marks New Economic Era

President Donald Trump announced a historic $3 trillion investment into the U.S. economy on his inauguration day, marking a significant push for economic growth through pro-market ...

Economy

Japan's Economy Shows Signs of Growth with Services Sector Leading in January

Japan's private sector showed a slight expansion in January, with the services sector leading growth while manufacturing faced a decline. The composite PMI indicated modest overall...

Economy

January Sees a Sharp Decline in UK Consumer Confidence, GfK Survey Reveals

The latest GfK survey indicates a notable decline in UK consumer confidence in January, with the index dropping by five points to negative 22, signaling growing economic concerns a...

Economy

Japan's Inflation Surges to 3.6% in December: A Closer Look at the Rising Consumer Prices

Japan's annual inflation rate increased to 3.6% in December, up from 2.9% in November, as reported by the Statistics Bureau of Japan. The consumer price index, excluding fresh food...

Economy

January Sees a Surge in Australian Private Sector Output: A Detailed Insight

The Australian private sector experienced a notable expansion in output in January, driven by increased consumer confidence, strategic government policies, and strong demand for go...

Economy

Significant Weekly Drop in US Crude Oil Inventories: A Closer Look at the Numbers

The latest EIA report shows a significant weekly drop in US commercial crude oil inventories, alongside decreases in refinery inputs and production levels. Crude oil imports rose, ...

Economy

US Natural Gas Reserves Witness a Significant Drop: EIA Reports a 223 Bcf Decrease

The Energy Information Administration reports a 223 Bcf decrease in US natural gas inventories for the week ending January 17, with current levels still above the five-year average...