Economy News

Economy

IMF Warns Against Political Interference, Calls for Strong Central Bank Independence to Combat Inflation

IMF Managing Director Kristalina Georgieva emphasizes the importance of central bank independence to tackle inflation, warns of financial stress signals in bond and currency market...

Economy

Anna Paulson Appointed as New President of Philadelphia Fed, Bringing Fresh Leadership to Monetary Policy

The Federal Reserve Bank of Philadelphia names Anna Paulson, the Chicago Fed's executive vice president, as its new president starting July 1. She will influence monetary policy an...

Economy

US Oil Rig Count Sees Slight Increase to 481 Amid Annual Decline, Baker Hughes Reports

The U.S. oil rig count slightly increased to 481, with a notable annual decline. Gas rigs also rose by one to 98, but overall rig counts are down. Canada saw a decrease in total ri...

Economy

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

The US labor market shows signs of strength as initial jobless claims drop to 215,000, with the 4-week moving average also decreasing. The insured unemployment rate remains at 1.2%...

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...