US Natural Gas Storage Sees Significant Weekly Increase, EIA Reports
The EIA reports a 16 Bcf increase in US natural gas storage for the week ending April 11, totaling 1,846 Bcf, though stocks are down year-over-year and below the five-year average.
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IMF Calls for Central Bank Independence to Combat Rising Global Inflation Challenges
IMF Managing Director Kristalina Georgieva emphasizes the importance of central bank independence to tackle inflation, announces adjusted global growth and inflation forecasts, and...
Anna Paulson Steps Up: Philadelphia Fed Announces New President from Chicago Fed's Ranks
The Federal Reserve Bank of Philadelphia has appointed Anna Paulson, currently the Chicago Fed's executive vice president and director of research, as its new president effective J...
March Sees a Sharp 11.4% Decline in US Housing Starts Amidst Economic Shifts
US housing starts fell by 11.4% in March, with single-family starts dropping 14.2%. Building permits rose slightly by 1.6%, but single-family permits decreased. Housing completions...
ECB Slashes Interest Rates Amid Trade Tensions, Signals Cautious Optimism on Inflation
The ECB cuts interest rates by 25 basis points, citing progress in disinflation but warns of growth risks from trade tensions. It maintains a data-dependent policy approach without...
US Job Market Shows Resilience: Initial Jobless Claims Drop to 215,000, Signaling Economic Strength
Initial jobless claims in the US dropped by 9,000 to 215,000, signaling strength in the labor market. The 4-week moving average also decreased, while the insured unemployment rate ...
ECB's Lagarde Warns of 'Exceptional Uncertainty' Amid U.S. Tariffs and Calls for Euro Area Resilience
ECB President Christine Lagarde warns of 'exceptional uncertainty' due to U.S. tariffs, with unclear impacts on the euro area economy. Despite signs of stabilization in manufacturi...
ECB's Lagarde Highlights Rising Economic Risks Amid Geopolitical Tensions and Rate Cuts
ECB President Christine Lagarde warns of increased downside risks to eurozone economic growth due to geopolitical tensions and weak market dynamics, despite recent interest rate cu...
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