Economy News

Economy

December Sees a 0.5% Drop in US Wholesale Inventories, Signaling Economic Shifts

US wholesale inventories fell by 0.5% in December 2024, totaling $898.5 billion, closely matching expectations. Despite this, merchant wholesalers' sales grew by 1% from November a...

Economy

Trump's Pro-Growth Policies: A Necessity Highlighted by Latest Jobs Data

The latest U.S. nonfarm payrolls report underscores the necessity of President Trump's pro-growth policies, according to White House Press Secretary Karoline Leavitt. She highlight...

Economy

ECB Raises Alarm: US Tariffs Pose Significant Risk to European Economic Stability

ECB Vice President Luis de Guindos warns that new US tariffs and escalating trade tensions could severely impact the global and European economies, highlighting unprecedented uncer...

Economy

ECB Maintains Neutral Rate Estimate Amidst Economic Uncertainties

The European Central Bank (ECB) reaffirms its neutral interest rate estimate between 1.75% and 2.25%, acknowledging the challenges in its application due to economic uncertainties ...

Economy

January Sees a Surprising Rise in US Nonfarm Payrolls by 143,000

The US nonfarm payrolls increased by 143,000 in January, below expectations. Healthcare, retail trade, and social assistance led job growth. Unemployment slightly decreased to 4%, ...

Economy

Canada's Job Market Shows Resilience: Unemployment Rate Dips to 6.6% in January

Canada's unemployment rate decreased to 6.6% in January, with a notable drop in youth unemployment. The employment rate rose slightly, led by manufacturing sector growth, and avera...

Economy

Neel Kashkari on Rising 10-Year Yields: A Sign of Strength or Fiscal Deficits?

Neel Kashkari, President of the Federal Reserve Bank of Minneapolis, discusses the rise in 10-year Treasury yields, attributing it to fiscal deficits. He emphasizes the Fed's commi...

Economy

December Sees a 0.5% Drop in US Wholesale Inventories, Signaling Economic Shifts

In December 2024, US wholesale inventories fell by 0.5% to $898.5 billion, aligning with expectations. Meanwhile, sales of merchant wholesalers rose by 1% from November, showcasing...