Economy News

Economy

US Treasury's $25 Billion 30-Year Bond Auction Hits 4.813% Yield, Weakest Demand in Two Years

The US Treasury auctioned $25 billion in 30-year bonds at a 4.813% yield, facing the weakest demand in nearly two years, with a bid-to-cover ratio of 2.27. Post-auction, the 30-yea...

Economy

BoE Takes Bold Step: Cuts Key Interest Rate to 4% Amid Inflation Battle

The Bank of England has cut its key interest rate to 4%, a move aimed at addressing inflation with a cautious outlook for future adjustments based on economic indicators.

Economy

Unexpected Rise in US Jobless Claims: A Closer Look at the Latest Labor Department Report

The US saw an unexpected rise in initial jobless claims to 226,000, with insured unemployment hitting its highest since November 2021. The four-week moving average, however, showed...

Economy

BoE Governor Urges Caution: Why Cutting Rates Too Fast Could Harm the UK Economy

Bank of England Governor Andrew Bailey warns against rapid rate cuts despite easing inflation, as the MPC narrowly votes to reduce interest rates by 25 basis points to 4%.

Economy

US Commerce Secretary Hints at 90-Day Extension on China Tariff Deadline Amid Trade Talks

US Commerce Secretary Howard Lutnick anticipates a 90-day extension on the China tariff deadline, offering more time for trade negotiations. He also mentioned no tariffs for US-mad...

Economy

Uncertainty Looms Over Bank of England's Interest Rate Policy Path, Says Governor Bailey

Bank of England Governor Andrew Bailey discusses the uncertain path of monetary policy, emphasizing a downward trend in interest rates despite unclear neutral rates and timelines. ...

Economy

BoE Governor Bailey Raises Concerns Over Unexpectedly Weak Consumption and High Savings Rate

Bank of England Governor Andrew Bailey warns of higher-than-expected savings rates and weaker consumption, with inflation more influenced by UK domestic factors than global trends,...

Economy

US Natural Gas Storage Sees a Slight Increase: EIA Reports a 7 Bcf Rise in Inventories

The Energy Information Administration reports a 7 billion cubic feet increase in US natural gas inventories for the week ending August 1, with levels remaining above the five-year ...