Economy News

Economy

ECB Vice President Warns: US Tariffs Could Severely Impact European Economic Recovery

ECB Vice President Luis de Guindos warns that escalating trade tensions, especially new US tariffs, could severely impact the global and European economies, highlighting the risks ...

Economy

China Launches Groundbreaking Pilot Program for Insurance Funds to Invest in Gold

China's NFRA has initiated a pilot program allowing insurance funds to invest in gold, aiming to diversify investment channels and enhance financial stability. The program seeks to...

Economy

ECB Maintains Neutral Rate Estimate Amid Uncertainties: What It Means for Monetary Policy

The ECB confirms its neutral interest rate estimate remains between 1.75% and 2.25%, highlighting challenges in its application due to model uncertainties and the focus on short-te...

Economy

Bank of England's Pill Warns of Inflation Blip's Potential Second-Round Effects

Bank of England Chief Economist Huw Pill highlights the need for vigilance against potential second-round effects of an expected inflation uptick, emphasizing the importance of mai...

Economy

December Sees a 0.5% Drop in US Wholesale Inventories, Aligning with Expectations

In December 2024, US wholesale inventories fell by 0.5% to $898.5 billion, aligning with expectations. Merchant wholesalers' sales grew by 1% from November, with the inventory-to-s...

Economy

Unexpected Job Growth in January Highlights the Need for Trump's Economic Strategies

The latest U.S. nonfarm payrolls report reveals a modest job growth in January, falling short of analysts' expectations. White House Press Secretary Karoline Leavitt attributes thi...

Economy

Federal Reserve Governor Kugler Optimistic About US Economy's Solid Foundation

Federal Reserve Governor Adriana Kugler, speaking at the 2025 Miami Economic Forum, expressed confidence in the US economy's solid foundation, predicting robust GDP growth for the ...

Economy

Canada's Job Market Shows Resilience: Unemployment Dips to 6.6% in January

Canada's unemployment rate slightly decreased to 6.6% in January, with a significant drop in youth unemployment. The manufacturing sector led job growth, and average hourly wages i...