Economy News

Economy

Fed Chair Powell Warns: Rising Tariffs Could Halt Inflation Progress and Economic Growth

Federal Reserve Chair Jerome Powell warns that rising tariffs could disrupt inflation control and economic growth, emphasizing the need for careful monitoring of economic data befo...

Economy

Fed Chair Powell Advocates Patience in Monetary Policy Adjustments Amid Economic Strength

Fed Chair Jerome Powell highlights a patient approach to monetary policy adjustments, citing a solid U.S. economy and cooling inflation, but warns of potential tariff impacts.

Economy

German Chancellor Urges Swift EU Ratification of Mercosur Trade Deal Amid Opposition

German Chancellor Friedrich Merz calls for rapid EU ratification of the Mercosur trade deal during his Paris visit, highlighting the agreement's importance and the challenges it fa...

Economy

US and China Set for Crucial Trade Talks in Switzerland: A Step Towards De-escalation

US Treasury Secretary Scott Bessent announces preliminary trade talks with China in Switzerland, focusing on de-escalation. The discussions aim to set the stage for future negotiat...

Economy

Federal Reserve Holds Steady: Interest Rates Remain at 4.25%-4.5% Amid Economic Uncertainty

The Federal Reserve has decided to maintain the federal funds rate at 4.25%-4.5%, citing solid economic expansion and a stable labor market, despite elevated inflation and increase...

Economy

France's Trade Deficit Narrows to €6.25 Billion in March, Exports See Significant Growth

France's trade deficit improved to €6.25 billion in March, with exports rising by 5.6% and imports by 2.3%. The energy balance worsened slightly, while the manufactured goods balan...

Economy

UK Construction Sector Shows Signs of Recovery in April with Slight PMI Increase

The UK construction sector showed a slight recovery in April with the PMI increasing to 46.6. Civil engineering was the weakest sector, while residential and commercial constructio...

Economy

March Sees a Slight Dip in Euro Area Retail Sales, Highlighting Varied Sector Performances

Eurostat reports a 0.1% decrease in retail trade for the Eurozone and EU in March, with annual growth of 1.5% and 1.4% respectively. Sector-wise, food and non-food products saw dec...