Economy News

Economy

ECB Unanimously Decides on Interest Rate Cut: Lagarde Reveals Behind-the-Scenes Debate

ECB President Christine Lagarde confirms a unanimous decision to cut interest rates by 25 basis points, with no suggestions for a 50-point cut. The ECB remains data-dependent, focu...

Economy

Lagarde Advocates for Zero Tariff Strategy Amid Rising Global Trade Tensions

Christine Lagarde proposes a zero-for-zero tariff approach to counter global trade tensions, highlighting the impact of rising tariffs, the euro's appreciation, and falling energy ...

Economy

IMF Calls for Strong Central Bank Independence to Combat Rising Global Inflation Risks

IMF Managing Director Kristalina Georgieva highlights the importance of central bank independence to tackle inflation, warns of adjusted global growth and inflation forecasts, and ...

Economy

Anna Paulson Steps Up as Philadelphia Fed's New President: A New Era for Monetary Policy

The Federal Reserve Bank of Philadelphia announces Anna Paulson, currently at the Chicago Fed, as its new president starting July 1. She will play a pivotal role in shaping monetar...

Economy

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. Stocks are down 480 Bcf year-over-year and 74 Bcf below the five-year ...

Economy

Anna Paulson Steps Up as Philadelphia Fed's New President, Succeeding Patrick Harker

The Federal Reserve Bank of Philadelphia appoints Anna Paulson, currently at the Chicago Fed, as its new president starting July 1. She will influence monetary policy and oversee b...

Economy

US Natural Gas Storage Sees Significant Weekly Increase Amid Yearly Decline

The U.S. saw a 16 Bcf increase in natural gas storage last week, totaling 1,846 Bcf, but stocks are down 480 Bcf from last year and below the five-year average.

Economy

IMF Warns Against Political Interference in Central Banks to Combat Rising Inflation

IMF Managing Director Kristalina Georgieva emphasizes the importance of central bank independence to tackle inflation, warns of adjusted global growth and inflation forecasts, and ...