Economy News

Economy

U.S. Job Market Shows Slight Strain as Initial Jobless Claims Rise to 222,000

Initial jobless claims in the U.S. increased slightly to 222,000 for the week ending April 19, while the 4-week moving average decreased. The insured unemployment rate held steady ...

Economy

Germany Braces for Economic Stagnation in 2025 Amid Global Trade Tensions

The German government expects economic stagnation in 2025, revising down previous growth forecasts. Inflation is projected to fall, but global trade tensions, particularly with the...

Economy

March Sees a Stunning 9.2% Surge in US Durable Goods Orders, Led by Transportation Equipment

US durable goods orders experienced a significant 9.2% increase in March, with transportation equipment leading the surge. Excluding transportation, orders remained stable, showing...

Economy

ECB's Nagel Predicts Stronger Inflation Impact in US Over Europe Due to Tariffs

Joachim Nagel of the ECB states that tariffs will have a stronger inflationary effect in the US than in Europe, with significant implications for Germany's economic growth.

Economy

Fed's June Decision Hinges on Clear Economic Signals, Says Cleveland President Hammack

Cleveland Fed President Beth Hammack discusses the potential for a June Fed action based on clear economic signals, the impact of trade tariffs on businesses, and the Fed's focus o...

Economy

March Sees a Sharp 5.9% Drop in US Existing Home Sales Amid Rising Prices and Inventory

In March, US existing home sales fell by 5.9%, with prices rising 2.7% year-over-year. High mortgage rates and affordability challenges are impacting the market, as noted by NAR's ...

Economy

March Sees a Sharp 5.9% Drop in US Existing Home Sales Amid Affordability Crisis

US existing home sales fell by 5.9% in March, with the median price rising to $403,700. High mortgage rates and affordability issues are cited as key factors slowing the market.

Economy

China and US Yet to Begin Trade Talks Amid Rising Tariffs Tensions

China's Foreign Ministry denies any trade negotiations with the US, criticizing the recent tariffs as a violation of WTO rules and calling for mutual respect for dialogue. Presiden...