Economy News

Economy

Russia's Inflation Rate Drops to 8.77%: A Glimpse into Economic Recovery?

Russia's annual inflation rate decreased to 8.77% in the week ending August 4, with consumer prices dropping by 0.13%. Food prices fell by 0.34%, while non-food prices slightly inc...

Economy

Slovenia Takes a Stand: Prohibits Imports from Israeli Settlements in Occupied Territories

Slovenia has banned imports from Israeli settlements in occupied Palestinian territories, citing violations of international law. The government also considers halting exports to t...

Economy

Fed Governor Lisa Cook Advocates for Caution and Humility in Economic Policymaking Amid Uncertainty

Federal Reserve Governor Lisa Cook calls for cautious and humble approach in economic policymaking, highlighting concerns over recent jobs data and the importance of monitoring a w...

Economy

Surge in US Mortgage Applications: A 3.1% Weekly Increase Signals Market Shift

US mortgage applications rose by 3.1% in the week ending August 1, with a slight decrease in interest rates for 30-year fixed-rate mortgages. The Purchase and Refinance Indexes als...

Economy

BOK Advocates for Structural Reforms to Enhance Monetary Policy Effectiveness Amid Criticism

The Bank of Korea defends its call for structural reforms, arguing they are crucial for effective monetary policy amidst criticism of overreach. The BOK highlights the impact of ag...

Economy

US Crude Oil Inventories Drop by 3M Barrels: Refinery Operations and Imports See Significant Shifts

The Energy Information Administration reports a 3 million barrel drop in US commercial crude oil inventories, now 6% below the five-year average. Refinery operations increased, but...

Economy

Fed's Kashkari Urges Action on Slowing Economy, Eyes Rate Cuts Amid Uncertainties

Federal Reserve's Neel Kashkari calls for action against the slowing economy, suggesting potential rate cuts. He discusses the unclear impact of tariffs on inflation and expresses ...

Economy

Trump Imposes Hefty 25% Tariffs on India Amidst Tensions Over Russian Oil Purchases

President Trump has imposed an additional 25% tariff on Indian goods, citing India's continued purchase of Russian oil as the reason. This brings the total duties on Indian imports...