Economy News

Economy

Chicago Fed's Goolsbee Advocates for Patience in Monetary Policy Amid Economic Uncertainties

Chicago Fed President Austan Goolsbee calls for a cautious approach to monetary policy, emphasizing the high bar for changes and the potential economic impact of tariffs. His remar...

Economy

US Natural Gas Inventories Surge by 57 Bcf: A Closer Look at the Latest EIA Report

The EIA reports a 57 Bcf increase in US natural gas inventories for the week ending April 4, reaching 1,830 billion cubic feet. Despite this rise, stocks are down 450 Bcf from last...

Economy

Surge in Investor Confidence as US 30-Year Bonds Sell at Unexpectedly Low Yield

The US Treasury's latest 30-year bond auction exceeded expectations with a yield of 4.813%, indicating strong investor demand. The bid-to-cover ratio improved, and indirect bidders...

Economy

Janet Yellen Criticizes Trump's Tariffs as a Major Self-Inflicted Blow to the Economy

Former Treasury Secretary Janet Yellen criticizes Donald Trump's tariff policies as harmful to the US economy, suggesting they may lead to a recession. She also links the suspensio...

Economy

Trump Unaware of Market Turmoil: Dow Plummets 2,000 Points Amid Tariff Concerns

President Trump claims unawareness of the day's market drop as the Dow Jones falls 2,000 points amid concerns over new tariffs on China and their economic implications.

Economy

South Korea's Corporate Succession Crisis: KCCI Proposes Bold Inheritance Tax Reforms

The Korea Chamber of Commerce and Industry proposes inheritance tax reforms to ease corporate succession burdens, suggesting a shift towards capital gains tax and deferred payments...

Economy

Investors Flock to US 30-Year Bonds as Yields Dip Below Expectations, Signaling Strong Market Confidence

The US Treasury's 30-year bond auction saw yields lower than expected at 4.813%, with a strong bid-to-cover ratio of 2.43, indicating robust investor demand amidst market volatilit...

Economy

Trump Claims Ignorance on Market Plunge Amid Tariff Announcement Fallout

President Donald Trump claims unawareness of the day's market plunge during a cabinet meeting, as Treasury Secretary Scott Bessent downplays concerns with positive economic indicat...