Economy News

Economy

US Mortgage Applications Dip by 4.2% Amid Economic Uncertainty and Labor Market Concerns

The Mortgage Bankers Association reports a 4.2% weekly decline in US mortgage applications, with economic uncertainty and labor market concerns cited as key factors. Interest rates...

Economy

US Treasury Unveils $125 Billion Refunding Strategy to Boost Market Liquidity

The US Treasury Department plans to issue $125 billion in new securities to refinance maturing notes, resulting in $30.8 billion in new borrowing. Auctions for 3-year, 10-year, and...

Economy

Germany's Inflation Rate Dips to 2.1% in April: A Slight Decline Amidst Economic Fluctuations

Germany's inflation rate slightly decreased to 2.1% in April from 2.2% in March, with core inflation at 2.9%. Food prices rose by 2.8%, while energy prices fell by 5.4%. The HICP i...

Economy

US Private Sector Sees Modest Job Growth of 62K in April, Falling Short of Expectations

The US private sector added 62,000 jobs in September, below analyst expectations. Medium companies led growth, while education and health services saw declines. Employers face unce...

Economy

March Sees a Surge: US Pending Home Sales Leap by 6.1%, Signaling a Robust Housing Market

US pending home sales increased by 6.1% in March, the highest since December 2023, with the South region leading the growth. Experts attribute this surge to buyer sensitivity to mo...

Economy

US Economy Faces a Setback: GDP Drops 0.3% in Q1 2025 Amid Rising Tariff Pressures

The US GDP fell by 0.3% in Q1 2025, marking the first negative growth since November 2022. Factors include increased imports and reduced federal spending, though consumer demand re...

Economy

March Sees a Surge in US Personal Spending: A 0.7% Increase Signals Economic Resilience

The US Bureau of Economic Analysis reported a 0.7% increase in personal consumption expenditures in March, alongside a slight contraction in the PCE price index and growth in perso...

Economy

Mexico Celebrates US Auto Tariff Relief as a Positive Step Forward Under USMCA

Mexican President Claudia Sheinbaum welcomes the US decision to ease auto tariffs, marking progress under the USMCA. The move corrects previous double taxation issues and acknowled...