Economy News

Economy

Historic Drop: Mortgage Rates Hit Two-Month Low, Sparking Homebuyer Interest

Freddie Mac reports a significant drop in 30-year and 15-year fixed-rate mortgage rates, marking the lowest levels since December 2024. This decline, alongside improving housing in...

Economy

Cleveland Fed President Hammack: Rate Cuts Not on the Horizon Amid Inflation Concerns

Federal Reserve Bank of Cleveland President Beth Hammack discusses the cautious approach to adjusting interest rates, emphasizing patience amid efforts to reach the 2% inflation ta...

Economy

Federal Reserve's Harker: Inflation Target Progress Slows, Economic Outlook Remains Positive

Patrick Harker, President of the Federal Reserve Bank of Philadelphia, discusses the slowed progress towards the 2% inflation target, emphasizing the current policy rate's neutral ...

Economy

Trump Announces March 4 Tariff Implementation on Canada and Mexico Amid Global Trade Tensions

President Donald Trump has confirmed that tariffs on Canada and Mexico will be implemented on March 4th, with China also facing additional tariffs. He clarified the schedule amidst...

Economy

January Sees a Surge: US Durable Goods Orders Jump 3.1% Beyond Expectations

US durable goods orders rose by 3.1% in January, exceeding expectations, with transportation equipment leading the increase. Excluding transportation, orders remained stable, highl...

Economy

Trump Announces Tariffs on Canada and Mexico Effective March 4, Additional 10% on China

President Donald Trump confirms that tariffs on Canada and Mexico will start on March 4th, with an additional 10% on China. The April 2nd tariff date remains unchanged, despite ear...

Economy

Global Disinflation Persists Amid Policy Shifts, IMF Reports

IMF Managing Director Kristalina Georgieva discusses the ongoing global disinflation process, highlighting policy shifts in the US and their implications. She notes the complexity ...

Economy

Significant Drop in US Natural Gas Inventories: A Weekly Decline of 261 Bcf Revealed

The EIA reports a significant weekly decrease in US natural gas inventories, with a net drop of 261 Bcf, bringing total storage to 1,840 Bcf. Year-over-year, stockpiles are down by...