Economy News

Economy

US Job Market Shows Resilience: Initial Jobless Claims Dip to 220,000

The US job market shows resilience as initial jobless claims drop to 220,000, with the insured unemployment rate holding steady at 1.2%. The 4-week moving average, however, indicat...

Economy

Bank of Korea Considers Additional Rate Cuts to Navigate Housing Market Instability

The Bank of Korea is considering further interest rate cuts to address economic challenges and housing market instability, amidst concerns over rising apartment prices in Seoul and...

Economy

US Natural Gas Storage Drops by 62 Bcf: A Significant Shift in Energy Dynamics

The US has experienced a 62 Bcf decrease in natural gas inventories for the week ending March 7, as reported by the EIA. This marks a significant year-on-year decrease and a notabl...

Economy

Treasury Secretary Bessent Unfazed by Short-term Market Fluctuations

US Treasury Secretary Scott Bessent discusses the administration's focus on long-term economic growth over short-term market volatility, amidst ongoing tariff negotiations and effo...

Economy

US Job Market Shows Resilience: Initial Jobless Claims Dip to 220,000

The US job market shows resilience as initial jobless claims slightly decrease to 220,000, with the insured unemployment rate steady at 1.2%. The 4-week moving averages for both in...

Economy

US Job Market Shows Resilience: Initial Jobless Claims Dip to 220,000

The US labor market remains robust with initial jobless claims dropping to 220,000, signaling a steady economic recovery. The insured unemployment rate holds at 1.2%, reflecting a ...

Economy

Stagnant US Producer Prices in February Defy Analyst Expectations

The US Producer Price Index remained unchanged in February, defying analyst expectations. Despite this, the unadjusted index rose 3.2% over the past year, while the index for final...

Economy

US Job Market Shows Resilience: Initial Jobless Claims Dip to 220,000

The US labor market shows resilience as initial jobless claims drop to 220,000, with the insured unemployment rate steady at 1.2%. Despite a slight increase in the 4-week moving av...