Economy News

Economy

ECB's Lagarde Warns of Exceptional Uncertainty Amid U.S. Tariffs and Economic Challenges

ECB President Christine Lagarde addresses the economic uncertainty fueled by U.S. tariffs, noting potential growth in the euro area but warning of consumer and investment impacts. ...

Economy

ECB's Lagarde Signals Growing Economic Risks Amid Geopolitical Tensions and Rate Cuts

ECB President Christine Lagarde warns of heightened risks to eurozone economic growth due to geopolitical tensions and market dynamics, despite some stabilization in manufacturing ...

Economy

ECB Unanimously Cuts Interest Rates: Lagarde Reveals No Push for Larger Reduction

ECB President Christine Lagarde confirmed a unanimous decision to cut interest rates by 25 basis points, with no push for a larger reduction. The impact of tariffs on inflation rem...

Economy

Lagarde Proposes Zero-for-Zero Tariff Strategy as EU's Answer to Escalating Global Trade Tensions

ECB President Christine Lagarde suggests a "zero-for-zero" tariff strategy as the EU's response to increasing global trade tensions, amid concerns over a "negative demand shock" du...

Economy

US Natural Gas Storage Sees Significant Weekly Increase, EIA Reports

The EIA reports a 16 Bcf increase in US natural gas storage for the week ending April 11, totaling 1,846 Bcf, though stocks are down year-over-year and below the five-year average.

Economy

IMF Calls for Central Bank Independence to Combat Rising Global Inflation Challenges

IMF Managing Director Kristalina Georgieva emphasizes the importance of central bank independence to tackle inflation, announces adjusted global growth and inflation forecasts, and...

Economy

Anna Paulson Steps Up: Philadelphia Fed Announces New President from Chicago Fed's Ranks

The Federal Reserve Bank of Philadelphia has appointed Anna Paulson, currently the Chicago Fed's executive vice president and director of research, as its new president effective J...

Economy

March Sees a Sharp 11.4% Decline in US Housing Starts Amidst Economic Shifts

US housing starts fell by 11.4% in March, with single-family starts dropping 14.2%. Building permits rose slightly by 1.6%, but single-family permits decreased. Housing completions...