Economy News

Economy

San Francisco Fed President Mary Daly Predicts Two Interest Rate Cuts This Year Amid Economic Optimism

San Francisco Fed President Mary Daly forecasts two interest rate cuts this year, citing a strong U.S. economy and favorable economic fundamentals. She also discusses the minimal e...

Economy

Fed Governor Waller Advocates for July Rate Cut Amid Economic Shifts

Fed Governor Christopher Waller suggests a potential July interest rate cut, citing the current policy as too restrictive. He dismisses tariff-related inflation fears as temporary,...

Economy

Kevin Hassett Criticizes Fed's Independence, Highlights Election Influence on Monetary Policy

Kevin Hassett, NEC Director, criticizes the Federal Reserve's independence, suggesting election cycles influence its decisions. He also discusses the divergence between Fed and ECB...

Economy

US Job Market Shows Resilience: Initial Jobless Claims Drop to 227,000, Signaling Economic Strength

Initial jobless claims in the US fell to 227,000, marking a decrease of 5,000 from the previous week. The 4-week moving average also declined, indicating a positive trend in the la...

Economy

Bolsonaro Seeks Trump's Intervention to Overturn Controversial 50% Tariff on Brazilian Exports

Former Brazilian President Jair Bolsonaro is considering appealing directly to the White House to reverse a 50% tariff on Brazilian exports imposed by US President Donald Trump. Th...

Economy

Russian Official Denies BRICS Alliance Poses Any Threat to US Dominance

Russian Deputy Foreign Minister Sergey Ryabkov responds to President Trump's recent comments on the BRICS alliance, stating that it poses no threat to the US. Ryabkov highlights th...

Economy

Fed's Musalem Cautions: New Tariffs May Elevate Inflation Expectations in Coming Months

Federal Reserve Bank of St. Louis President Alberto Musalem warns that recent tariffs could lead to higher inflation in the coming months, despite current stability. He suggests th...

Economy

US Natural Gas Storage Sees Significant Weekly Increase Amid Annual Decline

The US natural gas storage report shows a 53 Bcf weekly increase to 3,006 Bcf, despite a 184 Bcf annual decrease, remaining above the five-year average.