Economy News

Economy

Federal Reserve Chair Jerome Powell Signals Era of Higher Long-Term Rates Due to Supply Shocks

Federal Reserve Chair Jerome Powell warns of higher long-term interest rates due to supply shocks, indicating a challenging period ahead for economic policy and inflation stability...

Economy

US Jobless Claims Hold Steady at 229,000: A Sign of Economic Stability?

The US Department of Labor reports initial jobless claims remained steady at 229,000 for the week ending May 10, with the insured unemployment rate unchanged at 1.2%. The 4-week mo...

Economy

ECB's De Guindos Warns: Eurozone's Financial Stability Faces Future Risks Amid Market Turbulence

ECB Vice President Luis de Guindos acknowledges the Eurozone's current financial stability but warns of future risks from trade uncertainty, market vulnerabilities, and potential i...

Economy

Unusual Economic Signal: Korea's Money Supply Drops Amid Rate Cuts, Sparking Concerns

South Korea's money supply unexpectedly decreases despite interest rate cuts, highlighting concerns over household debt, corporate loans, and overseas investments. Economists debat...

Economy

Eurozone's Economy Shows Resilience with a 0.3% GDP Growth in Q1 Amid Global Challenges

The Eurozone's GDP grew by 0.3% in Q1, with the EU matching this growth. Annual expansions were 1.2% for the Eurozone and 1.4% for the EU, with Ireland leading at 10.9%. Employment...

Economy

Eurozone's Industrial Production Surges by 2.6% in March, Signaling Economic Resilience

The Eurozone's industrial production rose by 2.6% in March, marking a significant step towards economic recovery and highlighting the region's resilience in the face of global chal...

Economy

Exclusive: Korea and U.S. Forge New Path in Currency Policy Talks Amid Rising Market Tensions

South Korea and the U.S. held their first official currency policy talks in Milan, sparking market volatility and concerns over won appreciation pressures ahead of the U.S. Treasur...

Economy

U.S. and China Trade Negotiators Meet Again in Jeju Following Geneva Agreement

U.S. and Chinese trade officials met in Jeju to discuss the implementation of the Geneva agreement, focusing on canceling retaliatory tariffs and setting a future dialogue framewor...