Economy News

Economy

US Housing Market Shows Resilience: S&P/Case-Shiller Reports 2.3% Price Increase in May

The US housing market experienced a 2.3% increase in house prices in May, according to S&P CoreLogic/Case-Shiller. Regional variations were significant, with New York seeing a 7.4%...

Economy

June Sees a Dip in US Job Openings to 7.4 Million, Missing Market Expectations

In June, the US job market saw a decrease in openings to 7.4 million, missing expectations. Hires and separations showed minor changes, while the quit rate remained stable, reflect...

Economy

US Trade Deficit Shrinks to $86B in June, Surpassing Analysts' Expectations

The US trade deficit decreased to $86 billion in June, down from $96.4 billion in May, surpassing analysts' expectations. Exports and imports both declined, with a more significant...

Economy

ECB's Makhlouf Warns: US-EU Trade Deal Could Slow Down Economic Growth Amid Tariffs

ECB's Gabriel Makhlouf warns that the US-EU trade deal, featuring 15% tariffs on EU goods, may slow economic growth by affecting firms and consumers, though it could reduce global ...

Economy

IMF Optimistically Adjusts Global Growth Forecast to 3% for 2025, Signaling Economic Recovery

The IMF has raised its global growth forecast for 2025 to 3%, up from 2.8%, with adjustments for 2026 and country-specific growth rates, amid expectations of changing tariff impact...

Economy

Weak Jobs Data Sparks Drop in US Treasury Yields: A Sign of Economic Cooling?

US Treasury yields fell sharply after the Bureau of Labor Statistics reported a significant drop in job openings, indicating potential cooling in the labor market. The 10-year Trea...

Economy

China and US Forge Ahead: Trade War Truce Extended Amid Constructive Stockholm Talks

China and the US have agreed to extend their trade war truce following constructive talks in Stockholm, with both sides reviewing the Geneva consensus and committing to continued d...

Economy

Trump Proposes 15-20% Reciprocal Tariff Rate for Over 200 Countries, Excluding Major Partners

President Trump announces a 15-20% reciprocal tariff on over 200 countries without U.S. trade agreements, potentially disadvantaging South Korea and pressuring China to open its ma...