Economy News

Economy

Janet Yellen Suggests COVID-19 Stimulus May Have Slightly Fueled Inflation

Treasury Secretary Janet Yellen discusses the potential impact of COVID-19 stimulus measures on inflation, emphasizing the pandemic's role as the main driver. She also comments on ...

Economy

US Wholesale Inventories Dip: A November Overview and What It Means for the Economy

In November, US wholesale inventories slightly decreased by 0.2%, reaching $901.6 billion, as reported by the US Census Bureau. Sales of merchant wholesalers increased by 0.6%, wit...

Economy

Canada's Economy on the Line: LeBlanc Warns of US Tariffs Impact

Canada's Minister of Finance Dominic LeBlanc warns of the serious threat US tariffs pose to Canada's economy and workers, calling for unified efforts to protect trade ties.

Economy

U.S. Job Market Shows Strength: Initial Jobless Claims Drop to 201,000

The U.S. job market shows signs of strength with initial jobless claims dropping to 201,000, below expectations. The 4-week moving average also decreased, indicating a positive tre...

Economy

December Sees a Surprising Dip: US Private Payrolls Increase by Only 122K

In December, the US private sector added 122,000 jobs, falling short of expectations and below November's figures. The healthcare sector was a standout performer, contributing sign...

Economy

Federal Reserve Governor Waller Advocates for Further Rate Cuts in 2025 Amid Inflation Concerns

Federal Reserve Governor Christopher Waller supports additional interest rate cuts in 2025, confident inflation will reach the 2% target despite challenges. He warns of risks from ...

Economy

US Mortgage Applications Dip by 3.7%: A Sign of Cooling Housing Market?

US mortgage applications decreased by 3.7%, following a 12.6% drop the previous week, signaling a potential cooling in the housing market. The Market Index and Purchase Index both ...

Economy

South Korean Cosmetics Exports Surge to a Record $10 Billion, Marking a Decade of Growth

South Korean cosmetics exports have reached a historic $10 billion, showcasing a decade of growth despite recent challenges. Skincare leads with $7.67 billion, while China remains ...