Economy News

Economy

Fed's Cook Warns: Rising Tariffs Could Fuel Inflation Across Key Industries

Federal Reserve Governor Lisa Cook warns that tariffs by the Trump administration could lead to broader inflationary effects, impacting industries like steel, aluminum, and motor v...

Economy

Mexico Unveils Strategic Measures to Shield Auto, Aluminum, and Steel Industries from US Tariffs

Mexican President Claudia Sheinbaum announces protective measures for the auto, aluminum, and steel sectors against US tariffs, aiming for energy independence and industrial growth...

Economy

FTC Chairman Warns Against Price Fixing Amid New Tariffs, Vows Consumer Protection

FTC Chairman Andrew Ferguson warns against interpreting new tariffs as a green light for price fixing, vows to protect consumers. Fitch Ratings highlights increased recession risks...

Economy

Exclusive: Klaus Schwab Steps Down from WEF, Marking the End of an Era in Global Economic Leadership

Klaus Schwab, founder and chairman of the World Economic Forum, announces his departure, marking a significant shift in global economic leadership. His decision comes amid organiza...

Economy

Federal Reserve's Jefferson Assures Current Monetary Policy is Ready to Tackle New Trade Policy Risks

Federal Reserve Vice Chair Philip Jefferson reassures that the current monetary policy is equipped to handle risks from new trade policies, while acknowledging the challenges posed...

Economy

Brazil's President Lula Stands Firm Against US Tariffs, Vows to Protect National Sovereignty

Brazil's President Lula pledges to protect the country from US tariffs, emphasizing sovereignty and trade equality. The government considers WTO action while remaining open to dial...

Economy

US Treasury Yields Plummet to October Lows Amid Trump's Tariff Announcement

The 10-year US Treasury note yield dropped to 4.04%, its lowest since October 2024, following President Trump's new tariffs. The 30-year and 2-year yields also saw significant decr...

Economy

China's Credit Rating Drops to 'A' by Fitch Amid Rising Public Debt and Economic Challenges

Fitch Ratings has downgraded China's credit rating to 'A' due to concerns over public finances and rising debt. Despite a stable outlook, the debt-to-GDP ratio is expected to incre...