Economy News

Economy

Fed's Barkin Signals Caution: Major Rate Cuts Unlikely Amid Strong Labor Market

Federal Reserve's Thomas Barkin indicates major interest rate cuts are unlikely due to strong labor market indicators. He discusses the interplay between consumer spending, unemplo...

Economy

James Bullard Eyes Fed Chair Role with Vision for Low Inflation and Rate Cuts

James Bullard, a top candidate for Fed chair, discusses his readiness for the role, his focus on low inflation, and predicts upcoming rate cuts, emphasizing the Fed's independence ...

Economy

President Trump Disputes Inflation Claims Linked to Tariffs, Criticizes Goldman Sachs' Predictions

President Donald Trump refutes claims that tariffs cause inflation, criticizing Goldman Sachs for incorrect predictions and praising the economy's strength under new tariffs.

Economy

South Korea's Economic Growth Stagnates at 0.8% for 2025 Amid Construction Slump

The Korea Development Institute maintains its 2025 economic growth forecast for South Korea at 0.8%, citing a construction investment slump despite upward revisions in consumption ...

Economy

July Sees a Surge in Small Business Optimism Across the US, NFIB Reports

The NFIB reports a rise in the Small Business Optimism Index to 100.3 in July, up by 1.7 points from June. While sales growth expectations slightly declined, inflation concerns rem...

Economy

German Economic Sentiment Takes a Dive in August: Experts Point to Disappointing EU-US Trade Deal

In August, Germany's economic sentiment saw a notable decline, with indices falling below expectations. The euro area also experienced a downturn. Experts cite the EU-US trade deal...

Economy

RBA Slashes Key Rate to 3.60%: A Strategic Move Amid Global Economic Shifts

The Reserve Bank of Australia has cut its key interest rate by 25 basis points to 3.60%, the lowest since April 2023, citing declining inflation and easing labour market conditions...

Economy

UK Unemployment Holds Steady at 4.7% in Q2 Amid Economic Uncertainties

The UK's unemployment rate stayed at 4.7% in Q2, with employment slightly up and economic inactivity unchanged. Vacancies fell, while earnings growth showed moderate increases.