Economy News

Economy

Fed's Bowman Anticipates Three Rate Cuts This Year Amid Economic Shifts

Federal Reserve Vice Chair Michelle Bowman forecasts three rate cuts this year, citing economic shifts and labor data. She emphasizes the importance of proactive policy adjustments...

Economy

Malaysia Investigates Viral Incident: Singapore Luxury Car Caught Using Subsidized Fuel Reserved for Locals

Malaysia is investigating a viral image of a Singapore luxury car using subsidized RON95 fuel, reserved for locals, sparking legal and public concern. Authorities warn of strict pe...

Economy

China's Inflation Stalls in July: CPI Flatlines Amid Economic Uncertainties

China's CPI showed no change in July year-over-year, with a slight monthly increase. The PPI continued its decline, reflecting ongoing economic challenges.

Economy

Weekly Oil Rig Count Shows Slight Increase in US, Significant Annual Drop

The US oil rig count slightly increased to 411, with a significant annual drop of 74. Gas rigs decreased weekly but rose annually. Canada's rig count showed mixed trends, with a we...

Economy

Trump Expands His Shortlist for Fed Chair Successor Beyond Powell, Including Surprising Names

President Trump has updated his list of potential Federal Reserve Chair successors, including notable figures like James Bullard and Marc Sumerlin, alongside previously mentioned c...

Economy

Survey Predicts Bank of England's Rate to Drop to 3.25% by April 2026 Amid Inflation Expectations

Market participants predict the Bank of England's interest rate will fall to 3.25% by April 2026, with inflation expected to decrease to 2.9% in early 2026. Quantitative tightening...

Economy

Beijing Unleashes New Property Market Stimulus: Easing Homebuying Rules to Revive Demand

Beijing has introduced measures to stimulate the property market by easing homebuying restrictions, including lifting purchase limits for households outside the Fifth Ring Road and...

Economy

BoE's Chief Economist Huw Pill Cautions on Rising Inflation Risks Despite Current Progress

BoE's Chief Economist Huw Pill warns of the risk of inflation becoming more persistent despite current disinflation progress, highlighting challenges in aligning interest rate cuts...