Economy - Page 2

6 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

6 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

7 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

Eurozone Inflation Eases, ECB Rate Cut Likely

March data fuels speculation of April policy shift Eurozone inflation slowed for the second consecutive month in March, coming in at 2.2%, down from 2.3% in February and reinforcing expectations that the

7 days ago

Economy

Gold Breaks $3,100 as Tariff Fears Mount

Record high driven by Trump policies and geopolitical turmoil Gold prices surged to an all-time high on Monday, topping $3,100 per ounce for the first time amid fears over U.S. President Donald

1 week ago

Economy

Goldman Sachs Warns of Higher Recession Risk

Tariffs, inflation, and confidence shocks drive economic forecast shift The US economy faces heightened recession risks as escalating tariffs under President Donald Trump’s administration threaten to stunt growth, rekindle inflation, and lift

1 week ago

Economy

Trump Auto Tariffs May Add $10K to Car Prices

New 25% levy targets imported vehicles and parts President Donald Trump on Wednesday announced a 25% tariff on imported cars and key auto parts, effective April 3. The new measure adds to

2 weeks ago

Economy

Irish Consumer Confidence Dives on Trade War Fears

Sentiment hits lowest level in nine months amid tariff threats Consumer sentiment in Ireland dropped sharply in March, hitting a nine-month low as concerns mounted over the possible fallout from a U.S.-Europe

2 weeks ago

Economy

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

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

2 weeks ago

Economy

Trump Tariff Fears Push Copper Prices to Record High

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

2 weeks ago

Economy

Indonesia Ready to Intervene as Rupiah Nears 1998 Lows

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

2 weeks ago

Economy

US Consumer Confidence Hits 4-Year Low in March

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

2 weeks ago

Economy

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

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.

2 weeks ago

Economy