Economy News

Economy

Trump's Tariff Surge: US Imposes 145% Duties on Chinese Goods Amid Trade Tensions

The US has dramatically increased tariffs on Chinese goods to 145%, sparking criticism from China. This move is part of a broader shift in US trade policy under President Trump, ra...

Economy

Codelco Forecasts Surge in Copper Demand from China Amid Market Recovery

Codelco anticipates a strong demand for copper from China in Q2, with prices rebounding after a recent low. Copper futures rose significantly, reflecting market optimism.

Economy

Kansas City Fed President Schmid Warns of Rising Inflation Expectations Amid Economic Strength

Kansas City Fed President Jeff Schmid warns of the dangers of rising inflation expectations, emphasizing the difficulty in containing inflation once it's embedded in expectations. ...

Economy

US Natural Gas Stocks 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, with total storage at 1,830 Bcf. Despite this rise, stocks are down 450 Bcf year-over-y...

Economy

Fed's Bowman Advocates for Customized Bank Oversight to Streamline Financial Regulation

Federal Reserve Governor Michelle Bowman proposes a tailored approach to bank supervision to reduce complexities and costs, aiming for regulatory reform and innovation in the banki...

Economy

US Inflation Drops to 2.4% in March: A Significant Decrease from February's 2.8%

The US annual inflation rate fell to 2.4% in March from 2.8% in February, with the CPI down 0.1% month on month. Energy prices dropped significantly, while food prices rose. The co...

Economy

US Job Market Shows Slight Uptick: Initial Jobless Claims Rise to 223,000

Initial jobless claims in the U.S. increased slightly to 223,000, with the insured unemployment rate steady at 1.2%. The total unemployment claims decreased by 43,000, indicating a...

Economy

BoE's Sarah Breeden on US Tariffs: Early Days for UK Inflation Impact, Sterling Stability in Question

Sarah Breeden, Deputy Governor of the Bank of England, discusses the uncertain impact of US tariffs on UK inflation and sterling stability, while affirming the resilience of the UK...