Economy News

Economy

Fed Governor Kugler Affirms US Economy's Robust Health Amid Inflation Concerns

Federal Reserve Governor Adriana Kugler expresses confidence in the US economy's strength, citing solid GDP growth expectations for the first quarter. Despite inflation challenges ...

Economy

ECB Vice President Warns: US Tariffs Could Severely Impact European Economic Growth

ECB Vice President Luis de Guindos warns that new US tariffs could negatively impact the global and European economies, highlighting the high level of uncertainty in the eurozone a...

Economy

China Launches Groundbreaking Pilot Program for Insurance Funds to Invest in Gold

China's NFRA has launched a pilot program allowing insurance funds to invest in gold, aiming to diversify investment channels and improve asset-liability management. This initiativ...

Economy

ECB Holds Firm: Neutral Interest Rate Stays Between 1.75% and 2.25% Amid Uncertainties

The European Central Bank maintains its estimate for a neutral interest rate between 1.75% and 2.25%, despite acknowledging uncertainties in calculation models and limitations in p...

Economy

BoE's Huw Pill Warns of Inflation Blip's Potential Second-Round Effects

Bank of England's Chief Economist Huw Pill highlights the need for vigilance against potential second-round effects of an expected inflation uptick, stressing the importance of res...

Economy

Canada Sees a Slight Dip in Unemployment Rate to 6.6% in January

Canada's unemployment rate slightly decreased to 6.6% in January, with a notable drop in youth unemployment. The manufacturing sector saw job growth, and average hourly wages incre...

Economy

Federal Reserve's Neel Kashkari Views Rising 10-Year Yield as Non-Threatening Amid Fiscal Deficits

Neel Kashkari, President of the Federal Reserve Bank of Minneapolis, discusses the rise in the 10-year Treasury yield, attributing it to fiscal deficits and expressing confidence i...

Economy

December Sees a 0.5% Dip in US Wholesale Inventories, Aligning with Expectations

In December 2024, US wholesale inventories decreased by 0.5%, aligning with expectations. Merchant wholesalers' sales grew by 1% from November, with a 2.8% increase year-over-year....