Economy News

Economy

Fed's Musalem Warns: Rising Tariffs Could Spark New Inflation Wave Amid Economic Softening

Federal Reserve Bank of St. Louis President Alberto Musalem warns of potential inflation resurgence due to new tariffs, despite a softening labor market. Concerns include limited d...

Economy

Fed's Williams Warns: Trump Tariffs Could Skyrocket Inflation to 3.5%-4% This Year

Federal Reserve Bank of New York President John Williams predicts Trump's tariffs could push U.S. inflation to 3.5%-4%, with GDP growth slowing below 1% and unemployment rising. De...

Economy

Russia's Inflation Climbs to 10.3% in March: A Deep Dive into Rising Prices

Russia's inflation rate edged up to 10.3% in March, with food prices leading the charge at a 12.4% increase. Non-food products and services also saw significant rises, contributing...

Economy

Weekly Rig Count Reveals Significant Drop in US Oil Rigs: A Closer Look at the Numbers

The latest Baker Hughes rig count shows a weekly and annual decline in US oil rigs, with a slight increase in gas rigs. Canada also reports a decrease in both oil and gas rigs.

Economy

Russian Inflation Climbs to 10.3% in March: A Deep Dive into Rising Prices

Russia's inflation rate rose to 10.3% in March, with food prices increasing by 12.4%. The report highlights sector-wise price changes and monthly CPI movements.

Economy

Weekly Decline in US Oil Rigs: A Closer Look at the Latest Baker Hughes Report

The latest Baker Hughes report reveals a weekly decrease in US oil rigs by nine to 480, with a slight increase in gas rigs. Canada also reports a decline in rig counts.

Economy

March Sees a Significant 0.4% Drop in US Producer Prices, Signaling Economic Shifts

The US producer price index fell by 0.4% in March, with a significant portion attributed to a drop in goods prices. Despite this, annual figures show a 2.7% increase, highlighting ...

Economy

Chancellor Rachel Reeves Pledges No Hike in Income Tax, VAT, or National Insurance, Upholding Labour's 2024 Manifesto

British Chancellor Rachel Reeves commits to not increasing income tax, VAT, or National Insurance, aligning with Labour's 2024 election promises, despite fiscal challenges and revi...