Economy News

Economy

Smooth Sailing for Fed's Balance Sheet Reduction, Says NY Fed's Roberto Perli

Roberto Perli from the New York Federal Reserve reports a smooth reduction in the Fed's balance sheet, with strong financial system reserves and a stabilizing repo market. The Fed ...

Economy

Australia's Trade Surplus Surges to 5.6B AUD in January, Exceeding Expectations

Australia's trade surplus soared to 5.6 billion AUD in January, driven by a 1.3% increase in exports and a 0.3% decrease in imports, exceeding expectations and signaling strong eco...

Economy

South Korea's Inflation Rate Takes a Slight Dip to 2% in February

South Korea's annual inflation rate slightly decreased to 2% in February from 2.2% in January, according to Statistics Korea. This change is significant for economic analysis and f...

Economy

US Economic Activity Shows Slight Improvement Amidst Tariff Concerns

The Federal Reserve's Beige Book reports a slight increase in US economic activity since January, with mixed performances across districts. Labor market remains stable, but concern...

Economy

Surge in US Mortgage Applications: A 20.4% Leap Signals Spring Homebuying Season

US mortgage applications surged by 20.4% last week, with a drop in interest rates to 6.73%. This increase, alongside a rise in purchase and refinance applications, signals a strong...

Economy

Bank of England's Bailey Suggests Diminished Risk of Second-Round Inflation Effects Amid Economic Slowdown

Bank of England Governor Andrew Bailey discusses the reduced likelihood of second-round inflation effects due to the UK's economic slowdown, highlighting energy and food prices as ...

Economy

Surge in US Mortgage Applications: A 20.4% Jump Signals Strong Market Momentum

US mortgage applications surged by 20.4% in late February, with a notable decrease in interest rates to 6.73% for 30-year fixed-rate mortgages. Both purchase and refinance indices ...

Economy

January Sees a 1.7% Surge in US Factory Orders, Signaling Economic Resilience

US factory orders rose by 1.7% in January, with shipments and unfilled orders also showing growth. Inventory levels increased slightly, maintaining a stable inventories-to-shipment...