Economy News

Economy

President Trump Announces New Tariffs on Oil and Gas Imports by February 18

President Donald Trump has announced new tariffs on steel, aluminum, copper, and energy imports, with oil and gas tariffs effective by February 18. This move aims to reduce trade d...

Economy

White House Denies Reports of Trump Delaying Tariffs on Mexico and Canada

The White House has denied reports of delaying tariffs on Mexico and Canada, confirming a 25% tariff on both countries and a 10% tariff on China starting February 1. The decision o...

Economy

Fed's Goolsbee Open to Slowing Rate Cuts, Hints at Economic Stability

Austan Goolsbee, President of the Federal Reserve Bank of Chicago, discusses the potential for slowing down rate cuts, the economy's strong performance, and legal constraints on ad...

Economy

ECB's Villeroy Predicts Euro Area Inflation to Hit 2% Target by Summer

Francois Villeroy de Galhau of the ECB forecasts euro area inflation to sustainably decrease to the 2% target by summer, alongside a predicted 100 basis points rate cut in the firs...

Economy

Canada Stands Firm: Ready to Retaliate Against Potential Trump Tariffs

Canadian Prime Minister Justin Trudeau has declared that Canada will retaliate with equal measures if the US imposes tariffs. This move could significantly impact both economies, e...

Economy

December Sees a 0.7% Surge in US Personal Spending Amid Rising Inflation

US personal spending increased by 0.7% in December, with personal income also rising by 0.4%. Inflation, as measured by the PCE price index, grew by 0.3% month-on-month, with core ...

Economy

Fed's Bowman Warns of Bumpy Road Ahead in Inflation Progress

Federal Reserve Governor Michelle Bowman anticipates a slowdown in inflation but warns of a potentially uneven process, citing risks like fragile global supply chains. She advocate...

Economy

Germany's Inflation Rate Drops to 2.3% in January: A Closer Look at the Numbers

Germany's inflation rate decreased to 2.3% in January, with the Consumer Price Index dropping by 0.2%. Food prices rose by 0.8%, while energy prices fell by 1.6%, according to the ...