Economy News

Economy

ECB Forecasts: Short-Term Inflation to Hover Around Current Levels Amid Economic Uncertainties

The European Central Bank (ECB) forecasts short-term inflation to remain around current levels, with services inflation expected to slow down. Economic growth perspectives are mixe...

Economy

Surprising Spike: US Jobless Claims Jump by 22,000, Hitting 242,000

The US sees an unexpected rise in jobless claims, with a 22,000 increase to 242,000 for the week ending February 22, surpassing analysts' expectations. The 4-week moving average al...

Economy

Surge in US Durable Goods Orders: A 3.1% Jump in January Signals Economic Momentum

US durable goods orders saw a 3.1% increase in January, driven by a significant rise in transportation equipment orders. Excluding transportation, orders remained stable, showcasin...

Economy

Rising Tariffs and Trade Shifts: A New Challenge for UK Inflation and Monetary Policy

Swati Dhingra from the Bank of England warns that rising tariffs and trade fragmentation could disrupt global supply chains, increase import costs, and complicate monetary policy, ...

Economy

US Treasury's $44 Billion 7-Year Note Auction Yields 4.194%, Signaling Strong Market Confidence

The US Treasury's latest $44 billion 7-year note auction yielded 4.194%, reflecting strong market confidence. Direct bidders saw an increase in awarded bids to 25.2%, while indirec...

Economy

Fed's Barkin Advocates for Cautious Rate Strategy Amid Inflation Uncertainties

Federal Reserve Bank of Richmond President Tom Barkin discusses the challenges of managing inflation and interest rates amidst economic uncertainties, including tariffs and labor s...

Economy

January Sees a 1% Drop in French Producer Prices, Signaling Economic Shifts

French industry production prices decreased by 1% in January compared to the previous year, with a notable 2.1% drop in the home market. However, monthly data shows a slight recove...

Economy

February Sees a Boost in Italian Consumer Confidence, Surpassing Expectations

Italian consumer confidence index rose to 98.8 in February, exceeding expectations. While the manufacturing sector saw a slight increase, other sectors like construction and retail...