Economy News

Economy

President Trump Pledges Major Overhaul to Tackle Soaring US Trade Deficit

President Donald Trump has announced plans to address the US trade deficit, which saw a significant increase in January. Trump criticized his predecessor, Joe Biden, for the curren...

Economy

ECB's Lagarde Highlights Downside Risks to Growth Amid Trade Tensions

ECB President Christine Lagarde discusses the downside risks to Eurozone growth due to trade tensions and geopolitical concerns, while also pointing out potential growth drivers li...

Economy

Christine Lagarde Warns: High Trade Policy Uncertainty Undermines Eurozone Exports and Investments

ECB President Christine Lagarde discusses the impact of trade policy uncertainty on Eurozone exports and investments, urging EU governments to enhance competitiveness. She also com...

Economy

US Wholesale Inventories See a Significant 0.8% Rise in January 2024

The US Census Bureau reported a 0.8% increase in wholesale inventories for January 2024, totaling $906.2 billion. This growth, slightly below expectations, marks a 1.2% annual rise...

Economy

Philadelphia Fed President Harker: US Economy Stable but Faces Potential Threats

Patrick Harker, President of the Federal Reserve Bank of Philadelphia, shared his views on the US economy, describing it as stable but facing potential threats. He emphasized the i...

Economy

ECB Unanimously Decides on Rate Cuts: Lagarde Highlights Economic Uncertainties

ECB President Christine Lagarde announced a unanimous decision to cut interest rates, highlighting the positive impact on borrowing and lending. Despite uncertainties, the ECB rema...

Economy

Christine Lagarde Advocates for Defense Spending to Spur Innovation Amid Rising Geopolitical Risks

ECB President Christine Lagarde sees increased defense spending as a potential boost for innovation and productivity amidst rising geopolitical tensions, though she notes it's ulti...

Economy

ECB's Lagarde Signals a Significant Shift Towards Less Restrictive Monetary Policy

ECB President Christine Lagarde announces a significant shift towards a less restrictive monetary policy, highlighting a 150 basis point reduction in interest rates and emphasizing...