Economy News

Economy

BlackRock's CEO Larry Fink Warns: The U.S. Economy Might Already Be in a Recession

BlackRock CEO Larry Fink warns that the U.S. economy might already be in a recession, citing significant deterioration and prolonged uncertainty due to reciprocal tariffs, which is...

Economy

Federal Reserve's Williams Predicts Tariffs Will Elevate U.S. Inflation to 3.5%-4% This Year

Federal Reserve's John Williams predicts tariffs will increase U.S. inflation to 3.5%-4%, with GDP growth slowing and unemployment possibly rising. The Fed's monetary policy remain...

Economy

Fed's Musalem Warns of Potential Inflation Spike Amid New Tariffs and Economic Uncertainties

Federal Reserve's Alberto Musalem warns of potential inflation reacceleration due to new tariffs and economic uncertainties, despite a softening labor market. He highlights challen...

Economy

ECB's Lagarde Vows to Utilize All Tools Amid U.S. Tariffs for Market Stability

ECB President Christine Lagarde announces the bank's preparedness to use all necessary tools to ensure financial stability against U.S. tariffs, amid observed market volatility but...

Economy

French PM Francois Bayrou Cautions Against Swapping US for Chinese Goods Amid Trade Tensions

French Prime Minister Francois Bayrou warns against replacing US goods with Chinese products during trade disputes, calling the move dangerous and naive. He stresses the need for e...

Economy

March Sees a 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 of the decrease due to a drop in goods prices. Excluding certain categories, prices showed a slight mo...

Economy

Chancellor Rachel Reeves Pledges No Hike in Income Tax, VAT, or National Insurance Amid Economic Challenges

British Chancellor Rachel Reeves commits to not increasing income tax, VAT, or National Insurance, adhering to Labour's pre-election promises. Despite economic challenges and a red...

Economy

U.S. Trade Representative Greer Engages in Critical Trade Talks with Taiwan and Israel Amid Global Diversification

U.S. Trade Representative Jamieson Greer is set for crucial trade discussions with Taiwan and Israel, emphasizing the need to diversify U.S. exports beyond China, following talks w...