Economy News

Economy

Cleveland Fed President Hammack Signals Potential June Rate Move Amid Economic Uncertainty

Cleveland Fed President Beth Hammack discusses the potential for a June rate move, emphasizing data-driven decisions amid trade tariff uncertainties and market volatility. The Fed ...

Economy

March Sees a Sharp 5.9% Decline in US Existing Home Sales Amid Affordability Crisis

US existing home sales plummeted by 5.9% in March, with affordability challenges and high mortgage rates cited as key factors. The median sales price rose slightly, while inventory...

Economy

US Natural Gas Storage Sees Significant Weekly Increase, EIA Reports

The EIA reports an 88 Bcf weekly rise in US natural gas inventories to 1,934 Bcf, still below the five-year average and down from last year's levels.

Economy

DOGE Cuts $845M in Federal Contracts to Combat Wasteful Spending and Inefficiency

The United States Department of Government Efficiency (DOGE) has terminated 269 federal contracts worth $845 million to combat wasteful spending, saving $255 million and impacting ...

Economy

UK's Bold Leap into Renewable Energy: Starmer Announces £300M Offshore Wind Farm Project

British Prime Minister Keir Starmer announces a £300M offshore wind farm project to boost renewable energy, alongside a £2B deal with Eni S.p.A for carbon capture, aiming to create...

Economy

BoE's Andrew Bailey Addresses Growth Shock Concerns Amid US Tariffs, UK Recession Fears

Bank of England Governor Andrew Bailey discusses the potential impact of US tariffs on UK growth, reassuring that the UK is not near a recession. The central bank is carefully cons...

Economy

March Sees a Stunning 9.2% Surge in US Durable Goods Orders, Signaling Economic Resilience

In March, US durable goods orders surged by 9.2%, with transportation equipment leading the growth. Excluding transportation, orders were stable, showing a balanced economic recove...

Economy

Germany Braces for Economic Stagnation in 2025 Amid Global Trade Tensions

The German government expects economic stagnation in 2025, with zero growth, down from previous forecasts. Inflation is projected to decrease, but concerns over US trade policies c...