Economy News

Economy

U.S. Treasury Secretary Predicts Fed Rate Cuts by September Amid Tariff and Inflation Debates

U.S. Treasury Secretary Scott Bessent predicts the Fed could cut rates by September, criticizing its criteria on tariffs and inflation. The Fed maintains current rates amid tariff ...

Economy

Unlocking Growth: Experts Push for Easing CVC Rules to Elevate Korea's Economic Potential

Experts urge easing CVC regulations to boost Korea's economic growth, highlighting the need for private capital in achieving a 3% growth rate and the importance of regulatory refor...

Economy

Oil Price Surge Pushes Inflation Back to 2%: What This Means for the Economy

The Bank of Korea anticipates a slowdown in July's inflation rate after June's surge to 2.2%, driven by oil prices and agricultural costs, with future trends dependent on internati...

Economy

Historic Plunge: U.S. Dollar Experiences Its Sharpest Decline in Over Half a Century

The U.S. dollar has experienced its sharpest decline in 51 years, dropping 10.8% in the first half of the year due to unpredictable policies and global uncertainties, marking its s...

Economy

South Korea's June Exports Surge 4.3% with Semiconductors Leading the Charge to Record Highs

South Korea's exports in June rose by 4.3% year-on-year, driven by record-high semiconductor exports. Despite global trade uncertainties, sectors like computers, ships, and bio-hea...

Economy

US Threatens EU with 17% Food Tariff as Trade Deal Deadline Looms: What's Next?

The US threatens the EU with a 17% tariff on food exports as trade deal deadlines near, with potential for higher tariffs if negotiations fail. All EU member states have been notif...

Economy

BoE's Alan Taylor Warns: A Long Journey Ahead to Neutral Rates Amid Economic Risks

Bank of England's Alan Taylor discusses the challenges of reaching neutral interest rates, the risks of restrictive monetary policy, and the uncertain outlook for the UK economy's ...

Economy

OPEC+ Announces Strategic 548K Barrel Per Day Oil Production Hike Starting August

OPEC+ has announced a strategic increase in oil production by 548,000 barrels per day starting August, with the flexibility to adjust based on market conditions. The group plans to...