Economy News

Economy

Fed's Kugler Asserts US Economy Stands Strong: A Deep Dive into Q1 GDP Growth

Federal Reserve Governor Adriana Kugler, speaking at the 2025 Miami Economic Forum, expressed confidence in the US economy's resilience, projecting solid Q1 GDP growth. However, sh...

Economy

Vietnam's Coffee Exports Skyrocket to Nearly $800M in January, Defying Global Trends

Vietnam's coffee exports achieved a remarkable $800 million in January, with green and processed coffee leading the charge. Despite a decrease in volume, the value of exports incre...

Economy

US Tariffs Pose Threat to European Economy, ECB Vice President Warns

ECB Vice President Luis de Guindos warns that new US tariffs and escalating trade tensions could negatively impact the global and European economies, highlighting the high level of...

Economy

ECB Maintains Neutral Rate Estimate Amidst Policy Uncertainty: A Deep Dive

The European Central Bank (ECB) maintains its neutral interest rate estimate between 1.75% and 2.25%, acknowledging the challenges in its application due to model uncertainties and...

Economy

January Sees a Surge in US Nonfarm Payrolls with 143,000 New Jobs Added

The US nonfarm payrolls added 143,000 jobs in January, with healthcare leading the growth. Unemployment slightly decreased to 4%, and average hourly earnings rose to $35.87, indica...

Economy

Canada Sees Slight Dip in Unemployment Rate to 6.6% in January Amid Youth Employment Boost

Canada's unemployment rate slightly decreased to 6.6% in January, with significant improvements in youth employment. The manufacturing sector led job growth, and wages saw a 3.5% i...

Economy

December Sees a 0.5% Drop in US Wholesale Inventories, Signaling Economic Shifts

US wholesale inventories fell by 0.5% in December 2024, totaling $898.5 billion, closely matching expectations. Despite this, merchant wholesalers' sales grew by 1% from November a...

Economy

Trump's Pro-Growth Policies: A Necessity Highlighted by Latest Jobs Data

The latest U.S. nonfarm payrolls report underscores the necessity of President Trump's pro-growth policies, according to White House Press Secretary Karoline Leavitt. She highlight...