Chicago Fed's Austan Goolsbee Voices Concern Over Tariffs Fueling Goods Inflation
Chicago Fed President Austan Goolsbee warns of tariffs increasing goods inflation, noting potential interest rate cuts in the next year during a podcast discussion.
Economy News
Malaysian Minister Advocates for Durian-Friendly Hotels to Boost Tourism and Economy
Malaysian Minister Datuk Seri Mohamad Sabu proposes hotels allow durians to boost tourism and economy, despite the fruit's polarizing odor. The initiative aims to celebrate Malaysi...
Germany's Producer Prices Take a Dive: A 1.3% Drop in June Sparks Economic Insights
Germany's producer prices fell by 1.3% in June year-on-year, with energy prices dropping 6.4%. However, consumer, durable, and capital goods prices increased, highlighting a comple...
Eurozone's Current Account Surplus Skyrockets to €32B in May, Signaling Economic Resilience
The eurozone's current account surplus rose significantly to €32 billion in May, driven by surpluses in goods, services, and primary income, despite a secondary income deficit. Ove...
Central Bank Independence: A Cornerstone for Global Financial Stability, Says ECB's Nagel
ECB's Joachim Nagel underscores the importance of central bank independence for global financial stability, citing empirical evidence and warning against political interference, as...
Eurozone Construction Output Takes a Hit: A 1.7% Drop in May Sparks Economic Concerns
Eurozone construction output fell by 1.7% in May, with the EU seeing a 1.3% drop. Yearly figures show growth, highlighting sector resilience amidst monthly declines.
China's Belt and Road Initiative Achieves Unprecedented $124 Billion Investment in First Half of 2025
China's Belt and Road Initiative saw a record $124 billion in investments and contracts in the first half of 2025, highlighting strategic global expansion amid domestic and interna...
Japan's Inflation Rate Dips Slightly to 3.3% in June, Aligning with Economic Forecasts
Japan's inflation rate slightly decreased to 3.3% in June, aligning with analysts' forecasts. The CPI, including and excluding certain items, shows a nuanced economic shift.
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