Economy News

Economy

Fed's Williams Predicts Rising Impact of Tariffs on Inflation and Economy

Federal Reserve Bank of New York President John Williams discusses the expected increase in tariffs' impact on inflation and the economy, noting current modest effects but predicti...

Economy

Fed's Michael Barr Cautions Against Deregulation: A Warning Echoing Past Financial Crises

Federal Reserve Vice Chair Michael Barr warns against the push for bank deregulation, stressing the importance of evolving financial oversight to prevent future crises. His remarks...

Economy

Trump Considers Kevin Hassett for Fed Chair Amid Speculations Over Jerome Powell's Future

President Donald Trump suggests Kevin Hassett as a potential Federal Reserve Chair, while not dismissing the idea of replacing Jerome Powell. Trump also comments on the ease of the...

Economy

Trump Imposes 50% Tariff on Brazil in Defense of Bolsonaro Amid Coup Allegations

US President Donald Trump defends Jair Bolsonaro, calling the inquiry into an attempted coup a "witch hunt," and imposes a 50% tariff on Brazil, citing the treatment of Bolsonaro. ...

Economy

Fed Reports Slight Uptick in U.S. Economic Activity: A Closer Look at the Latest Beige Book Insights

The Federal Reserve's Beige Book reports a slight increase in U.S. economic activity, with mixed employment trends and widespread price increases. Some firms passed costs to consum...

Economy

June Sees US Producer Prices Unchanged, Signaling Stable Inflation Ahead

The US Producer Price Index remained unchanged in June, with a 2.3% year-on-year increase. Goods prices rose slightly, while services saw a minor decline, indicating mixed trends i...

Economy

U.S. Industrial Production Surges Beyond Expectations with a 0.3% Rise in June

U.S. industrial production exceeded expectations with a 0.3% increase in June, as reported by the Federal Reserve. Manufacturing rose by 0.1% monthly and 0.8% yearly, while mining ...

Economy

Sharp 10% Drop in US Mortgage Applications Sparks Economic Concerns Amid Rising Rates

The US saw a 10% weekly drop in mortgage applications, with rising interest rates and economic concerns cited as key factors. The Purchase and Refinance Indices both declined, refl...