Economy News

Economy

UK Unemployment Rises to 4.5% in Q1 2025: A Closer Look at the Economic Shifts

The UK's unemployment rate increased to 4.5% in Q1 2025, with employment rates stable but job vacancies declining. Wage growth showed positive trends, with significant increases in...

Economy

BoJ's Uchida Warns: US Tariffs Pose Dual Risks to Japan's Economy and Prices

BoJ Deputy Governor Shinichi Uchida discusses the dual risks US tariffs pose to Japan's economy, highlighting potential price increases and slowed growth. He also notes flat inflat...

Economy

BOK Clarifies Governor's QE Comments After Sparking Market Turmoil and Economic Concerns

The Bank of Korea addresses market concerns after Governor Rhee Chang-yong's comments on quantitative easing spark volatility, clarifying the central bank's stance to stabilize fin...

Economy

Divisions Emerge at Bank of Japan Over Rate Hikes Amid Rising US Trade Policy Concerns

The Bank of Japan's May meeting highlighted a division among policymakers on rate hikes, with concerns over US trade policies potentially impacting Japan's economy. Despite uncerta...

Economy

Republicans Propose $4 Trillion Debt Ceiling Hike and Tax Cuts, Sidestepping Millionaire Tax

House Republicans propose a $4 trillion debt ceiling increase and tax cuts, favoring high earners while omitting a millionaire tax. The bill includes temporary deductions on tips a...

Economy

Goolsbee Warns: Lingering Tariffs Threaten Stagflation Despite US-China Trade Truce

Chicago Fed President Austan Goolsbee warns that despite the US-China tariff truce, remaining tariffs could lead to stagflation, slowing growth and raising prices. He calls for cau...

Economy

US Faces $258.4 Billion Budget Deficit in April: A Deep Dive into the Numbers

The US reported a $258.4 billion budget deficit in April, with $850 billion in receipts and $592 billion in outlays. Key expenditures included social security and net interest paym...

Economy

BoE's Alan Taylor Warns: UK Far from Neutral Interest Rate Amid Economic Uncertainties

Bank of England's Alan Taylor discusses the UK's distance from a neutral interest rate and expresses concerns over weak business confidence and the unpredictable nature of global t...