Economy News

Economy

US Oil Rig Count Dips to 486: A Weekly Decline Amidst Shifting Energy Trends

The US oil rig count decreased by one to 486, with a year-on-year drop of 23. Gas rigs increased by two to 102, but overall rig numbers are down by 31 from last year. Canada's tota...

Economy

Federal Reserve's Goolsbee Predicts Lower Interest Rates Within 12 to 18 Months Amid Inflation Progress

Federal Reserve's Austan Goolsbee forecasts a potential decrease in U.S. interest rates within 12 to 18 months, contingent on inflation progress. He also discusses the impact of Tr...

Economy

Fed's John Williams Advocates for Current Monetary Policy Amid Economic Uncertainty

John Williams, President of the Federal Reserve Bank of New York, discusses the Federal Reserve's current monetary policy stance, its alignment with economic conditions, and the ou...

Economy

March Sees a Dip in Eurozone Consumer Confidence, Signaling Economic Uncertainty

The Eurozone and EU face a decline in consumer confidence in March, with indicators moving further from their long-term averages, hinting at economic uncertainties ahead.

Economy

Federal Reserve's Waller Advocates for Steady Rates Amid Ongoing Asset Reduction Efforts

Christopher Waller of the Federal Reserve supports steady interest rates and ongoing asset reduction, highlighting the need for readiness to address short-term reserve pressures, d...

Economy

January Sees a 0.6% Dip in Canadian Retail Sales: What's Behind the Decline?

Canadian retail sales dropped by 0.6% in January, with significant declines in motor vehicles and food sectors, while gasoline and furniture sales saw an increase.

Economy

March Sees a Dip in Eurozone Consumer Confidence: A Closer Look at the Numbers

The Eurozone and EU face a downturn in consumer confidence in March, with indicators falling further from their long-term averages, reflecting growing consumer pessimism.

Economy

Federal Reserve's Waller Advocates for Steady Rates Amid Ongoing Asset Reduction Strategy

Christopher Waller of the Federal Reserve supports steady rates and ongoing asset reduction, emphasizing the need for readiness against potential short-term reserve pressures despi...