Economy News

Economy

Jerome Powell Highlights Economic Strength Amid Uncertainty, Fed Takes Cautious Stance

Federal Reserve Chair Jerome Powell comments on the U.S. economy's strength, citing solid nonfarm payrolls and low unemployment. He addresses uncertainty, tariffs, and the Fed's ca...

Economy

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

Federal Reserve Chair Jerome Powell discusses the ongoing economic challenges post-COVID-19, noting the unique difficulties of balancing inflation and unemployment in today's econo...

Economy

Federal Reserve Chair Powell Warns of Gradual Economic Impact from April 2 Tariffs

Federal Reserve Chair Jerome Powell discusses the delayed economic impact of April 2 US tariffs, emphasizing their larger-than-expected scale and gradual effects on prices, supply ...

Economy

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

The UK construction sector saw a slight recovery in March with the PMI increasing to 46.4, despite civil engineering experiencing its fastest contraction since October 2020. Rising...

Economy

Electric Vehicles Drive UK's Car Registrations to a Record High in March

UK car registrations soared by 12.4% in March, with electric vehicles leading the charge. BEVs, PHEVs, and HEVs saw significant growth, marking a record month for EV registrations.

Economy

Surprising March Jobs Report: US Nonfarm Payrolls Soar by 228,000, Doubling Forecasts

The US nonfarm payrolls unexpectedly rose by 228,000 in March, significantly surpassing forecasts. The unemployment rate slightly increased to 4.2%, with healthcare, social assista...

Economy

Global Markets React Sharply as Rubio Assures Adjustment Amid Trade Turmoil

US Secretary of State Marco Rubio comments on the global market selloff, attributing it to US tariffs and advocating for reduced foreign manufacturing dependence. Markets react sha...

Economy

Powell Warns: Trump's Tariffs Could Escalate Economic Risks Beyond Expectations

Federal Reserve Chair Jerome Powell expresses concerns over the escalating economic risks posed by Trump's tariffs, highlighting potential inflation increases and the challenges in...