Economy - Page 15

12 months ago

Inflation Eases, But Concerns Persist as 2024 Election Approaches

As the U.S. gears up for a pivotal presidential election, inflation has quietly returned to normal levels, but it remains a top concern for many voters. According to a recent Ipsos poll,

U.K.-Inflation-Drops-to-3-Year-Low-Paving-Way-for-Rate-Cut-in-November

Economy

11 months ago

U.K. Inflation Drops to 3-Year Low, Paving Way for Rate Cut in November

Inflation in the United Kingdom has fallen to its lowest level in over three years, according to official data released on Wednesday. The decline in consumer prices has solidified market expectations that

Federal-Reserve's-Bostic-Cautions-on-Further-Rate-Cuts-Amid-Inflation-Concerns

Economy

12 months ago

Federal Reserve’s Bostic Cautions on Further Rate Cuts Amid Inflation Concerns

Federal Reserve Bank of Atlanta President Raphael Bostic has signaled cautious optimism as the central bank begins its rate-cutting cycle, starting with a larger-than-expected half-point reduction. The move, aimed at stabilizing the

Trump Expands Tariffs to Strengthen U.S. Industry

U.S. Commerce Secretary Howard Lutnick reaffirmed that President Donald Trump’s expanded 25% tariffs on steel and aluminum will remain in place until domestic production is significantly strengthened. Additionally, Trump is set to

6 months ago

Economy

U.S. Recession Risk Rises Amid Tariff Uncertainty

The likelihood of a U.S. recession in 2025 has increased to approximately 40%, with potential long-term consequences for the country’s investment standing, according to J.P. Morgan’s chief economist Bruce Kasman. Speaking in

6 months ago

Economy

Trump Doubles Canada Tariffs, Markets React

U.S. President Donald Trump announced on Tuesday that he will double tariffs on imported steel and aluminum from Canada to 50%, escalating an already tense trade standoff. The move, effective Wednesday, also

6 months ago

Economy

China Expands Consumer Subsidies to Boost Spending

China has doubled its consumer trade-in subsidies to 300 billion yuan ($41.47 billion) in 2025, targeting specific goods while avoiding direct cash handouts. The program, which covers mid-range smartphones and home appliances,

6 months ago

Economy

Americans Grow Anxious as Inflation and Job Fears Persist

Americans became more pessimistic about the economic outlook in February, even as their expectations for inflation remained largely unchanged, according to a report from the Federal Reserve Bank of New York released

6 months ago

Economy

Egg Prices Soar as U.S. Investigates Possible Price Fixing

The U.S. Justice Department has launched an investigation into the rising cost of eggs, focusing on whether producers have conspired to hike prices, according to a report by The Wall Street Journal

6 months ago

Economy

Japan Clears Key Threshold to End Long-Term Deflation

Japan has officially met the criteria for ending long-term price deflation, according to Economy Minister Ryosei Akazawa. The announcement underscores the government’s optimism about the economic outlook and could influence the timing

7 months ago

Economy

BoE’s Bailey Urges U.S. to Resolve Trade Issues via Talks

Bank of England (BoE) Governor Andrew Bailey called on the United States to address global economic concerns through diplomatic dialogue rather than import tariffs. Speaking to British lawmakers on Wednesday, Bailey emphasized

7 months ago

Economy

Australia’s Economy Expands as Growth Accelerates in Q4

Australia’s economy grew by 1.3% year-on-year in the fourth quarter, marking its first acceleration since September 2023. GDP Growth Exceeds Expectations GDP growth surpassed economists’ expectations of a 1.2% rise, as polled

7 months ago

Economy

China’s Tariffs on U.S. Farm Goods to Reshape Global Trade

China’s newly imposed tariffs on U.S. agricultural products are set to disrupt global trade flows, forcing the world’s largest agricultural importer to source more meat, dairy, and grains from South America, Europe,

7 months ago

Economy