Economy News

Economy

Trump Criticizes Federal Reserve's Bank Regulation Efforts as 'Terrible Job'

President Donald Trump criticizes the Federal Reserve's bank regulation and handling of inflation, attributing economic challenges to misplaced priorities. He proposes a plan focus...

Economy

Powell Signals Potential Rate Cuts Before Inflation Hits 2% Target

Federal Reserve Chair Jerome Powell suggests the possibility of reducing interest rates before inflation reaches the 2% target, focusing on economic health and labor market stabili...

Economy

Fed Chair Powell Signals No Rate Cuts Without Significant Inflation or Labor Market Progress

Federal Reserve Chair Jerome Powell stated that the central bank will not proceed with rate cuts without significant progress on inflation or labor market weakness, emphasizing the...

Economy

BoE Governor Andrew Bailey Urges for a Boost in UK's Economic Growth Rate

Bank of England Governor Andrew Bailey emphasizes the need for increasing the UK's economic growth rate, supporting government efforts and highlighting the importance of financial ...

Economy

Bank of Canada Cuts Interest Rates to 3% Amid Economic Support Efforts

The Bank of Canada has cut interest rates by 25 basis points to 3% to support the economy, with GDP growth projected at 1.8% for 2025 and 2026. Despite a rebound in consumer spendi...

Economy

Swiss National Bank Contemplates Negative Interest Rates Amid Economic Challenges

The Swiss National Bank (SNB) is considering the possibility of negative interest rates as a response to economic challenges, as stated by Chairman Martin Schlegel. This move, whil...

Economy

December Sees a 3.6% Surge in US New Home Sales, Signaling Strong Market Momentum

US new home sales in December 2024 showed a 3.6% increase from the previous month and a 6.7% rise year-on-year, with median and average sales prices at $427,000 and $513,600 respec...

Economy

December Sees a 3.6% Surge in US New Home Sales, Marking a Robust End to 2024

US new home sales experienced a 3.6% increase in December 2024, with a 6.7% annual growth. Median and average sales prices were $427,000 and $513,600, respectively, with an 8.5-mon...