Economy - Page 16

The latest news and insights on economic trends and global markets.

December 3, 2025

Australia’s GDP delivers fastest growth in nearly two years

Strong domestic demand lifts expansion despite slight forecast miss Australia’s economy grew 2.1 percent year over year in the third quarter, data from the Australian Bureau of Statistics showed Wednesday. Although slightly

November 28, 2025

Canada records stronger than expected Q3 growth

GDP rebounds despite pressure from U.S. tariffs Canada’s economy expanded at a faster pace than anticipated in the third quarter, driven by higher crude oil exports and increased government spending. Gross domestic

November 28, 2025

Eurozone shows steady growth and controlled inflation

Data supports stable monetary policy outlook Fresh economic figures from across the euro zone indicate that both growth and inflation remain on a stable trajectory. Analysts say this reinforces expectations that the

U.S. Growth Hits 2.4%, But Tariffs Threaten Outlook

by Jamie Spencer

Year-end consumer spending fuels fourth-quarter GDP The U.S. economy expanded at a 2.4% annualized rate in the final quarter of 2024, according to revised data from the Commerce Department released Thursday. The

March 27, 2025

Trump Tariff Fears Push Copper Prices to Record High

by Jamie Spencer

New York copper hits all-time high Copper prices in New York hit an all-time high on Wednesday, with futures spiking to $5.374 per pound before settling at a record $5.24. The surge

March 26, 2025

Indonesia Ready to Intervene as Rupiah Nears 1998 Lows

by Jamie Spencer

Central bank monitoring markets The Indonesian central bank said it is ready to intervene to stabilise the rupiah, which on Wednesday stayed close to its lowest levels since 1998 even as officials

March 26, 2025

US Consumer Confidence Hits 4-Year Low in March

by Jamie Spencer

Economic outlook dims as inflation fears and Trump policies weigh Americans are growing more pessimistic about the future of the U.S. economy, with consumer confidence falling to its lowest level in over

March 25, 2025

U.S. Port Fees on Chinese-Built Ships Face Fierce Backlash

by Jamie Spencer

Farmers, Shippers Warn of Economic Fallout from Tariff Plan Business groups are warning that proposed U.S. port fees on Chinese-built ships could devastate American exporters, especially farmers, and disrupt global supply chains.

March 24, 2025

Fed Officials Signal Patience on Interest Rate Cuts

by Jamie Spencer

Williams and Goolsbee Highlight Economic Uncertainty New York Federal Reserve President John Williams said Friday that the U.S. central bank’s current monetary policy stance is appropriate, given the high level of uncertainty

March 21, 2025

Bank of England Holds Rates as Trade Uncertainty Looms

by Jamie Spencer

Interest Rates Remain at 4.5% Amid Economic Pressures The Bank of England (BOE) decided on Thursday to keep interest rates at 4.5%, as the U.K. economy grapples with global trade tensions and

March 20, 2025

Fed Holds Rates, Signals Future Cuts Amid Economic Uncertainty

by Jamie Spencer

Fed Keeps Rates Steady, Eyes Future Reductions The Federal Reserve decided to keep its benchmark interest rate in the 4.25%-4.5% range on Wednesday, though policymakers still expect two rate cuts later this

March 19, 2025

Fed Faces Tougher Decisions as Inflation and Tariff Risks Grow

by Jamie Spencer

When Federal Reserve officials last met in late January, the economic picture looked relatively strong: Hiring was solid, growth was steady, and inflation had cooled from its peak two years ago. Seven

March 18, 2025

US Homebuilder Confidence Falls to 7-Month Low

by Jamie Spencer

US homebuilders are growing more pessimistic as they contend with economic uncertainty, rising tariffs, and high housing costs. The National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index fell to 39

March 18, 2025

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