Economy News

Economy

Significant Drop in US Natural Gas Inventories: A Weekly Decline of 261 Bcf Revealed

The EIA reports a significant weekly decrease in US natural gas inventories, with a net drop of 261 Bcf, bringing total storage to 1,840 Bcf. Year-over-year, stockpiles are down by...

Economy

Historic Drop: Mortgage Rates Hit Two-Month Low, Sparking Homebuyer Interest

Freddie Mac reports a significant drop in mortgage rates, with the 30-year fixed-rate decreasing to 6.76%, the lowest since mid-December 2024. This, along with a modest improvement...

Economy

Unexpected Surge: US Jobless Claims Jump by 22,000 to 242,000

The US has seen a notable increase in jobless claims, with a rise of 22,000 to 242,000 for the week ending February 22, exceeding analysts' expectations. The 4-week moving average ...

Economy

Fed's Bowman Advocates for Streamlined Regulations to Empower Community Banks

Federal Reserve Governor Michelle W. Bowman calls for a streamlined regulatory framework to support community banks, emphasizing the need for tailored policies that recognize their...

Economy

US Economy Shows Resilience: GDP Climbs 2.3% in Q4 2024 Amidst Global Challenges

The US GDP grew by 2.3% in Q4 2024, matching expectations. Inflation rose slightly, with the PCE price index up by 2.4%. For 2024, the economy expanded by 2.8%, with inflation indi...

Economy

Trump Announces New Tariffs on Canada and Mexico Effective March 4, Extends Additional Charges to China

President Donald Trump has confirmed that tariffs on Canada and Mexico will start on March 4th, with additional charges for China. There was initial confusion over the dates, but T...

Economy

January Sees a Sharp 4.6% Decline in US Pending Home Sales, Hitting Record Low

US pending home sales fell by 4.6% in January, reaching a record low. The South saw the largest drop, while the Northeast experienced a slight increase. Factors like severe weather...

Economy

Surprising Uptick in Italy's Consumer Confidence Signals Economic Resilience in February

Italy's consumer confidence index rose to 98.8 in February, exceeding expectations. The economic and business confidence indices showed mixed trends, with manufacturing confidence ...