Economy News

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. Stocks are down 480 Bcf year-over-year and 74 Bcf below the five-year ...

Economy

Anna Paulson Steps Up as Philadelphia Fed's New President, Succeeding Patrick Harker

The Federal Reserve Bank of Philadelphia appoints Anna Paulson, currently at the Chicago Fed, as its new president starting July 1. She will influence monetary policy and oversee b...

Economy

US Natural Gas Storage Sees Significant Weekly Increase Amid Yearly Decline

The U.S. saw a 16 Bcf increase in natural gas storage last week, totaling 1,846 Bcf, but stocks are down 480 Bcf from last year and below the five-year average.

Economy

IMF Warns Against Political Interference in Central Banks to Combat Rising Inflation

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

Economy

ECB Takes Bold Step: Slashes Interest Rates by 25 Basis Points Amid Economic Uncertainty

The ECB reduces key interest rates by 25 basis points, citing progress in disinflation but warns of economic growth challenges due to trade tensions. It maintains a flexible, data-...

Economy

U.S. Job Market Shows Resilience: Initial Jobless Claims Drop to 215,000

The U.S. Department of Labor reports a decrease in initial jobless claims to 215,000, alongside a slight rise in the total number of unemployed individuals, indicating mixed signal...

Economy

March Sees a Sharp 11.4% Decline in US Housing Starts Amid Fluctuating Market Trends

The US housing market experienced an 11.4% drop in starts in March, with single-family starts falling by 14.2%. Despite this, building permits rose by 1.6%, and completions were up...

Economy

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

ECB President Christine Lagarde discusses the economic uncertainty caused by U.S. tariffs and stresses the need for policy actions to strengthen the eurozone's resilience and compe...