Economy News

Economy

Divisions Emerge at Bank of Japan Over Rate Hikes Amid Rising US Trade Policy Concerns

The Bank of Japan's May meeting highlighted a division among policymakers on rate hikes, with concerns over US trade policies potentially impacting Japan's economy. Despite uncerta...

Economy

Republicans Propose $4 Trillion Debt Ceiling Hike and Tax Cuts, Sidestepping Millionaire Tax

House Republicans propose a $4 trillion debt ceiling increase and tax cuts, favoring high earners while omitting a millionaire tax. The bill includes temporary deductions on tips a...

Economy

Goolsbee Warns: Lingering Tariffs Threaten Stagflation Despite US-China Trade Truce

Chicago Fed President Austan Goolsbee warns that despite the US-China tariff truce, remaining tariffs could lead to stagflation, slowing growth and raising prices. He calls for cau...

Economy

US Faces $258.4 Billion Budget Deficit in April: A Deep Dive into the Numbers

The US reported a $258.4 billion budget deficit in April, with $850 billion in receipts and $592 billion in outlays. Key expenditures included social security and net interest paym...

Economy

BoE's Alan Taylor Warns: UK Far from Neutral Interest Rate Amid Economic Uncertainties

Bank of England's Alan Taylor discusses the UK's distance from a neutral interest rate and expresses concerns over weak business confidence and the unpredictable nature of global t...

Economy

Fed's Kugler Warns: US Trade Policy Shifts Could Lead to Higher Prices and Slower Growth

Federal Reserve Governor Adriana Kugler warns that recent US trade policy changes could lead to higher prices, reduced real incomes, and slower economic growth, while the Fed remai...

Economy

Trump Promises No Harm to China, Sets Stage for Diplomatic Call with Xi Jinping This Week

US President Donald Trump assures no harm to China, plans a diplomatic call with Xi Jinping, and discusses a reset in US-China relations. He also mentions the US's role in India-Pa...

Economy

Anticipation Builds as Trump Voices Optimism for Upcoming Russia-Ukraine Diplomatic Talks

US President Donald Trump is optimistic about the upcoming Russia-Ukraine meeting, suggesting potential positive outcomes. The international community awaits the results of this hi...