Economy News

Economy

Fed's Musalem Warns: Labor Market Nears Full Employment Amid Inflation Risks

Federal Reserve Bank of St. Louis President Alberto Musalem announces the labor market is at or near full employment, with inflation risks due to tariffs and other factors. He warn...

Economy

US Treasury's $70B 5-Year Note Auction Draws Global Interest with 4.1% Yield

The US Treasury auctioned $70 billion in five-year notes at a 4.1% yield, showing slight changes in investor interest and participation rates from global and domestic bidders.

Economy

Reeves Unveils Bold Planning Reforms: A £3.4B Boost to UK Economy and 0.4% GDP Growth Ahead

Chancellor Rachel Reeves outlines planning reforms expected to boost UK GDP by 0.4% over a decade, alongside a £3.4B gain for public services and a £2.2B defense budget increase fo...

Economy

US Crude Oil Inventories Drop by 3.4M Barrels: A Significant Shift in Energy Markets

The Energy Information Administration reports a 3.34 million barrel decrease in US commercial crude oil inventories, with refinery inputs and gasoline production seeing declines, w...

Economy

SNB Highlights Growing Economic Uncertainties Amid Global Geopolitical Tensions

The Swiss National Bank warns of increasing economic uncertainties due to global geopolitical tensions and potential tariffs. It forecasts modest GDP growth and stable inflation bu...

Economy

US Crude Oil Inventories See Significant Drop: A 3.4M Barrel Decrease Sparks Market Interest

The EIA reports a 3.34 million barrel drop in US commercial crude oil inventories, with refinery inputs decreasing and gasoline production down. Crude imports rose, while total pet...

Economy

EU Seeks Fairer Trade Terms with China: High-Level Talks Aim for Balance and Cooperation

The European Commission announces a visit by Trade Commissioner Maros Sefcovic to China, aiming to enhance trade relations through discussions on balance, cooperation, and mutual b...

Economy

Rachel Reeves Stands Firm: Fiscal Rules Are Essential for UK's Economic Stability

Rachel Reeves, the British Chancellor, emphasizes the non-negotiable nature of fiscal rules in ensuring economic stability and public trust, while addressing global economic uncert...