Economy News

Economy

Stability in US Treasury Bonds Amid Advisory Panel's Stark Deficit Warnings

US Treasury markets remain stable with robust auction demand, but the TBAC warns of looming deficits exceeding $2 trillion by 2027. New revenues and stablecoin legislation may help...

Economy

US Housing Market Shows Signs of Cooling as Pending Home Sales Dip 0.8% in June

Pending home sales in the US dipped by 0.8% in June, with a 2.8% decrease year-over-year. The Northeast saw a 2.1% increase, while the West experienced a 3.9% drop. NAR's chief eco...

Economy

Bank of Canada Maintains Steady Interest Rates Amid US Tariff Uncertainties

The Bank of Canada has decided to maintain the interest rate at 2.75%, citing economic resilience despite challenges from US tariffs. The economy saw a GDP decline in Q2 after a st...

Economy

US Treasury Announces $35.2 Billion New Cash Raise Through Upcoming Bond Auctions

The US Treasury plans to issue $125 billion in securities, refinancing $89.8 billion in maturing debt and raising $35.2 billion in new capital. Auctions include 3-year, 10-year, an...

Economy

Hassett Predicts Fed Rate Cuts Amid Data Dependency and Global Trade Optimism

Kevin Hassett discusses the Federal Reserve's potential rate cuts based on data trends and expresses optimism about US trade negotiations with India, Canada, and China.

Economy

US Crude Oil Inventories Surge by 7.7M Barrels: A Deep Dive into the Latest EIA Report

The EIA reports a 7.7 million barrel increase in US crude oil inventories, with refinery operations slightly down but gasoline production up. Imports and total petroleum inventorie...

Economy

US Economy Shows Strong Momentum with 3% GDP Growth in Q2, Says Treasury Secretary Bessent

US Treasury Secretary Scott Bessent reports a 3% GDP growth in Q2, signaling a return of confidence and momentum to the economy. He credits President Trump's policies and anticipat...

Economy

Klingbeil Warns: Germany's 2027 Budget Faces a Daunting €30 Billion Shortfall

German Finance Minister Lars Klingbeil warns of a €30 billion budget shortfall by 2027 due to increased spending and interest rates, urging immediate government action and fiscal c...