Economy News

Economy

US Inflation Dips to 2.8% in February: What Does This Mean for the Economy?

The US inflation rate slightly decreased to 2.8% in February, below the previous month's 3% and market expectations. The Consumer Price Index rose by 0.2% monthly, with the energy ...

Economy

OPEC Holds Steady on 2025 Oil Demand Growth Forecast Amid Global Economic Shifts

OPEC's March report maintains the 2025 global oil demand growth forecast at 1.4 million bpd, with non-OECD countries leading the increase due to strong air travel, road mobility, a...

Economy

OPEC Stays Optimistic: Global Economic Growth to Remain Steady at 3.1% Through 2025

OPEC maintains its global economic growth forecast for 2025 and 2026 at 3.1% and 3.2%, respectively, with stable projections for the US, Eurozone, and China. The organization empha...

Economy

Surge in US Mortgage Applications: A 11.2% Jump Signals Strong Market Movement

US mortgage applications surged by 11.2% for the week ending March 7, with interest rates dropping to their lowest since October 2024. This growth reflects a strong market, with si...

Economy

ECB's Mario Centeno Advocates for Immediate Rate Cuts to Revive Eurozone Economy

Mario Centeno of the ECB stresses the importance of immediate rate cuts to support the eurozone economy, citing high borrowing costs and potential US tariffs as significant risks t...

Economy

Lagarde Challenges the 2% Inflation Target: A New Economic Reality?

ECB President Christine Lagarde discusses the challenges of maintaining a 2% inflation target in the current economic environment, emphasizing the importance of adaptability and we...

Economy

EU Strikes Back: Imposes 26 Billion Euros in Retaliatory Tariffs on U.S. Goods Starting April

The European Union has announced retaliatory tariffs on U.S. goods worth 26 billion euros, responding to U.S. tariffs on steel and aluminum. This move aims to protect European indu...

Economy

Lagarde Challenges Inflation Targets: A New Economic Reality?

ECB President Christine Lagarde discusses the challenges of maintaining a 2% inflation target in the current economic environment, emphasizing the importance of well-anchored infla...