Economy News

Economy

Tokyo's Inflation Holds Steady at 2.9% in March, Surpassing Expectations in Key Sectors

Tokyo's Ku-area inflation rate remained steady at 2.9% in March, with the CPI excluding fresh food and energy rising to 1.1%, and the figure excluding only fresh food reaching 2.4%...

Economy

Barkin Advocates for Current Fed Policy Amid Economic Uncertainty and Trump Tariffs

Federal Reserve Bank of Richmond President Tom Barkin supports the current monetary policy as appropriate amidst economic uncertainties, including Trump's tariffs. The Fed remains ...

Economy

Ontario Premier Doug Ford Delays Countermeasures Against US Imports Until April 2

Ontario Premier Doug Ford has agreed with Prime Minister Mark Carney to delay countermeasures against US imports until April 2, despite no assurances on tariff easing from US Comme...

Economy

Canada Strikes Back: Prime Minister Carney Announces Retaliatory Tariffs Against US Trade Policies

Canadian Prime Minister Mark Carney announces retaliatory tariffs against the US in response to recent trade measures, escalating tensions between the two countries. Details of the...

Economy

US Trade Deficit Narrows Unexpectedly to $147.9B in February, Defying Analyst Predictions

The US trade deficit unexpectedly narrowed to $147.9 billion in February, with exports rising and imports slightly declining. Wholesale inventories also showed growth, indicating a...

Economy

US Economy Shows Resilience: GDP Growth Revised Upward to 2.4% in Q4 2024

The US GDP growth for Q4 2024 was revised up to 2.4%, driven by consumer and government spending despite investment declines. Annual growth held at 2.8%, with sectors showing varie...

Economy

US Housing Market Sees a Slight Uptick: Pending Home Sales Rise 2% in February

The US housing market saw a 2% increase in pending home sales in February, with regional disparities highlighting an uneven recovery. Experts suggest lower mortgage rates could boo...

Economy

RFK Jr. Announces Bold HHS Overhaul: 10,000 Jobs Cut to Refocus on Core Mission

Health and Human Services Secretary Robert F. Kennedy Jr. plans a major overhaul, cutting 10,000 jobs and consolidating agencies to refocus on core missions, including chronic dise...