Economy News

Economy

Global Economic Downturn Prompts Fitch to Predict Aggressive ECB and Emerging Markets Rate Cuts

Fitch Ratings forecasts deeper interest rate cuts by the ECB and emerging markets due to worsening global economic conditions and an escalating US-China trade war, adjusting its 20...

Economy

Fitch Adjusts 2025 Oil Price Forecasts Amid Global Economic Shifts and OPEC+ Plans

Fitch Ratings lowers its 2025 oil price forecasts due to weaker global growth and OPEC+ production increases, with Brent and WTI prices adjusted downward. Concerns over oversupply ...

Economy

Cleveland Fed President Hammack Advocates for Steady Monetary Policy Amid Economic Uncertainties

Federal Reserve Bank of Cleveland President Beth Hammack emphasizes the need for steady monetary policy to balance inflation risks and labor market slowdown, amid uncertainties fro...

Economy

Fed Official Advocates for Steady Monetary Policy Amid Inflation and Labor Market Uncertainties

Federal Reserve Bank of Cleveland President Beth Hammack advocates for a steady monetary policy to balance inflation and labor market risks, citing uncertainties from new US trade ...

Economy

March Sees a Surprising 1.4% Surge in US Retail Sales, Outpacing Expectations

US retail sales rose by 1.4% in March, reaching $734.9 billion, exceeding expectations. Motor vehicle and parts dealers saw an 8.8% increase, while nonstore retailers grew by 4.8%.

Economy

WTO Forecasts a Surprising 0.2% Drop in Global Goods Trade for 2025 Amid Trade War Fears

The WTO has revised its 2025 global merchandise trade forecast to a 0.2% contraction, with North America's exports expected to fall by 12.6%. A further decline is possible if trade...

Economy

March Sees a 0.3% Dip in US Industrial Production Amid Varied Sector Performances

US industrial production fell by 0.3% in March, with a notable 5.8% drop in utilities due to warmer weather. Manufacturing and mining saw modest gains, while business equipment ros...

Economy

Bank of Canada Holds Interest Rate Steady at 2.75% Amid Global Trade Tensions

The Bank of Canada has decided to maintain its policy rate at 2.75%, citing global trade tensions and US tariff policy as key concerns. These factors are affecting economic growth,...