Economy News

Economy

ECB Slashes Interest Rates Amid Trade Tensions, Signals Cautious Optimism on Inflation

The ECB cuts interest rates by 25 basis points, citing progress in disinflation but warns of growth risks from trade tensions. It maintains a data-dependent policy approach without...

Economy

US Job Market Shows Resilience: Initial Jobless Claims Drop to 215,000, Signaling Economic Strength

Initial jobless claims in the US dropped by 9,000 to 215,000, signaling strength in the labor market. The 4-week moving average also decreased, while the insured unemployment rate ...

Economy

ECB's Lagarde Warns of 'Exceptional Uncertainty' Amid U.S. Tariffs and Calls for Euro Area Resilience

ECB President Christine Lagarde warns of 'exceptional uncertainty' due to U.S. tariffs, with unclear impacts on the euro area economy. Despite signs of stabilization in manufacturi...

Economy

ECB's Lagarde Highlights Rising Economic Risks Amid Geopolitical Tensions and Rate Cuts

ECB President Christine Lagarde warns of increased downside risks to eurozone economic growth due to geopolitical tensions and weak market dynamics, despite recent interest rate cu...

Economy

ECB Unanimously Decides on Interest Rate Cut: Lagarde Reveals Behind-the-Scenes Debate

ECB President Christine Lagarde confirms a unanimous decision to cut interest rates by 25 basis points, with no suggestions for a 50-point cut. The ECB remains data-dependent, focu...

Economy

Lagarde Advocates for Zero Tariff Strategy Amid Rising Global Trade Tensions

Christine Lagarde proposes a zero-for-zero tariff approach to counter global trade tensions, highlighting the impact of rising tariffs, the euro's appreciation, and falling energy ...

Economy

IMF Calls for Strong Central Bank Independence to Combat Rising Global Inflation Risks

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

Economy

Anna Paulson Steps Up as Philadelphia Fed's New President: A New Era for Monetary Policy

The Federal Reserve Bank of Philadelphia announces Anna Paulson, currently at the Chicago Fed, as its new president starting July 1. She will play a pivotal role in shaping monetar...