Economy News

Economy

Fed's June Decision Hinges on Clear Economic Signals, Says Cleveland President Hammack

Cleveland Fed President Beth Hammack discusses the potential for a June Fed action based on clear economic signals, the impact of trade tariffs on businesses, and the Fed's focus o...

Economy

March Sees a Sharp 5.9% Drop in US Existing Home Sales Amid Rising Prices and Inventory

In March, US existing home sales fell by 5.9%, with prices rising 2.7% year-over-year. High mortgage rates and affordability challenges are impacting the market, as noted by NAR's ...

Economy

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

US existing home sales fell by 5.9% in March, with the median price rising to $403,700. High mortgage rates and affordability issues are cited as key factors slowing the market.

Economy

China and US Yet to Begin Trade Talks Amid Rising Tariffs Tensions

China's Foreign Ministry denies any trade negotiations with the US, criticizing the recent tariffs as a violation of WTO rules and calling for mutual respect for dialogue. Presiden...

Economy

German Business Climate Shows Resilience: Slight Uptick in April Amid Economic Turbulence

In April, Germany's business climate improved slightly, with the Business Climate Index rising to 86.9, exceeding expectations. While current assessments grew more positive, future...

Economy

Norway's Sovereign Wealth Fund Faces $40 Billion Q1 Loss Amid Tech Sector Turmoil

Norway's sovereign wealth fund, the world's largest, reported a $40 billion loss in Q1 2025, attributed to market fluctuations and a downturn in the tech sector. The fund's equity ...

Economy

Bundesbank Warns of Potential Economic Setback in Germany's Q2 Amid Weak Demand and Labor Market Concerns

The Bundesbank warns of a potential economic setback in Germany's Q2 due to weak demand and a softening labor market, despite a slight GDP rise in Q1. Industrial recovery may be te...

Economy

Rising Jobless Claims in the US: A 6,000 Increase to 222,000 Signals Economic Shifts

Initial jobless claims in the U.S. rose by 6,000 to 222,000 for the week ending April 19, with the 4-week moving average slightly decreasing. The insured unemployment rate remained...