Economy News

Economy

Jerome Powell Asserts U.S. Economy's Strength Amid Uncertainties and Tariff Debates

Federal Reserve Chair Jerome Powell remarks on the U.S. economy's solid performance, low unemployment, and the uncertainty surrounding tariffs and monetary policy decisions.

Economy

Powell Reflects on COVID's Economic Impact and Today's Unique Challenges

Federal Reserve Chair Jerome Powell discusses the ongoing economic challenges post-COVID, highlighting the unique difficulties of balancing inflation and unemployment with the Fed'...

Economy

Federal Reserve Chair Powell Warns of Gradual Economic Impact from April Tariffs

Federal Reserve Chair Jerome Powell discusses the delayed but significant economic effects of April's tariffs, alongside other policy changes, emphasizing a gradual impact on price...

Economy

US Oil Rig Count Rises to 489: A Weekly Increase Amid Annual Decline

The US oil rig count increased by 5 to 489 in the week ending April 4, despite an annual decline. Gas rigs and total rigs saw decreases, while Canada's rig count showed mixed resul...

Economy

UK Construction Sector Shows Signs of Recovery in March Amid Ongoing Challenges

The UK construction sector showed a slight recovery in March with the PMI rising to 46.4, despite ongoing challenges including the fastest job shedding in nearly four-and-a-half ye...

Economy

Fed Chair Powell Warns: Trump's Tariffs Could Deepen Economic Risks Beyond Expectations

Federal Reserve Chair Jerome Powell warns that the economic impact of Trump's tariffs could be more severe than expected, with potential risks to inflation and monetary policy. Unc...

Economy

Powell Highlights Economic Resilience Amid Uncertainty: A Deep Dive into U.S. Economic Stability

Federal Reserve Chair Jerome Powell discusses the resilience of the U.S. economy, citing solid data and low unemployment. Amid uncertainties, the Fed adopts a cautious approach to ...

Economy

Powell Reflects on COVID-19's Economic Impact and Today's Unique Challenges

Federal Reserve Chair Jerome Powell compares the economic challenges of today with those during COVID-19, noting similarities but emphasizing the current unique situation of balanc...