Economy News

Economy

U.S. Manufacturing Sector Faces Setback: December Factory Orders Drop by 0.9%

The U.S. manufacturing sector saw a 0.9% decrease in factory orders in December, totaling $578.5 billion, with durable goods and unfilled orders also declining. However, shipments ...

Economy

Uncertainty Looms Over Economic Impact of Trump's New Tariffs, Says Fed's Collins

Federal Reserve Bank of Boston President Susan Collins discusses the uncertain economic impacts of Trump's new tariffs, highlighting potential price increases and the need for a ca...

Economy

Fed's Goolsbee Cautions Against Hasty Rate Cuts Amid Economic Uncertainties

Chicago Federal Reserve President Austan Goolsbee emphasizes the need for caution in cutting interest rates due to economic uncertainties and the challenge of distinguishing betwee...

Economy

President Trump Eagerly Anticipates Mexico Talks, Aims for Breakthrough Agreement

President Donald Trump is set to participate in crucial talks with Mexico, aiming for a deal that benefits both nations. An initial agreement halts tariffs for a month, with Mexico...

Economy

President Trump Considers Imposing 10% Tariffs on All EU Imports Amid Rising Trade Tensions

President Donald Trump is reportedly considering a 10% tariff on all EU imports, a move that could escalate global trade tensions. This follows recent tariffs on Mexico, Canada, an...

Economy

Trump and Trudeau's Diplomatic Dialogue: A Closer Look at US-Canada Relations

President Trump's recent conversation with Canadian Prime Minister Justin Trudeau highlighted ongoing trade disputes between the US and Canada. Despite a "good talk," tensions over...

Economy

Uncertainty Looms as Fed's Bostic Discusses the Impact of New Tariffs

Federal Reserve Bank of Atlanta President Raphael Bostic discusses the uncertainty and potential economic impacts of new tariffs on imports from Mexico, Canada, China, and possibly...

Economy

Goolsbee Advises Caution: Navigating the Complexities of Rate Cuts Amid Economic Uncertainties

Chicago Federal Reserve President Austan Goolsbee emphasizes the need for caution in cutting interest rates due to economic uncertainties, highlighting concerns over potential infl...