Economy news

Fed Lowers Rates as Markets Gauge Future Cuts

Fed Lowers Rates as Markets Gauge Future Cuts

Economy news
3 days ago

The US Federal Reserve has decided to cut its benchmark rate by 0.25%. This brings the federal funds rate down to 4.5%-4.75%, the lowest since February 2023. This comes after September’s sharper 0.5% cut and reflects a more cautious approach as econo...

Spain’s Economy Surges Ahead with Growth

Spain’s Economy Surges Ahead with Growth

Economy news
1 week ago

Spain’s economy did well against its eurozone peers with a pleasing 3.4% year-on-year growth in Q3, dwarfing the eurozone average of 0.9%. A lot of this fast growth can be attributed to a pandemic recovery effect, as Spain—heavily reliant on tourism—...

DAX Sees Renewed Momentum as German Sentiment Rebounds

DAX Sees Renewed Momentum as German Sentiment Rebounds

Economy news
2 weeks ago

The DAX index ticked up 0.2% on Friday, driven by fresh optimism in Germany’s economic landscape, as investor confidence grew with the first positive shift in business sentiment in six months. Top DAX performers included Daimler Truck Holding AG, wit...

Gold and Silver Prices Soar Amid Global Uncertainty

Gold and Silver Prices Soar Amid Global Uncertainty

Economy news
3 weeks ago

Gold and silver have surged to new highs as demand for safe-haven assets grows, driven by geopolitical risks and economic concerns. Rising tensions in the Middle East, alongside the uncertainty surrounding the upcoming US election, have spurred inves...

China to Ramp Up Spending to Revive Its Economy

China to Ramp Up Spending to Revive Its Economy

Economy news
3 weeks ago

China plans to significantly increase government debt issuance to stimulate economic growth, focusing on subsidies for low-income households, support for the property sector, and capital injections into state banks. The announcement reflects the...

Saudi Sovereign Wealth Fund Devotes $5 Billion to Green Bonds

Saudi Sovereign Wealth Fund Devotes $5 Billion to Green Bonds

Economy news
1 month ago

Saudi Arabia's Public Investment Fund (PIF) has allocated $5.2 billion from $8.5 billion raised through green bonds for projects as of June 2024, marking a significant increase from $1.3 billion the previous year. Green bonds are issued to finan...

Can Xi Revive China’s Economy?

Can Xi Revive China’s Economy?

Economy news
1 month ago

As China celebrated its Golden Week and the 75th anniversary of the People’s Republic, the government unveiled significant economic measures. These aimed to address the troubled property market, boost the stock market, and provide support for the poo...

U.S. Job Growth Surges as Payrolls Exceed Expectations

U.S. Job Growth Surges as Payrolls Exceed Expectations

Economy news
1 month ago

In September, U.S. job creation surpassed expectations, with nonfarm payrolls increasing by 254,000, up from a revised 159,000 in August, and significantly higher than the 150,000 forecast by Dow Jones. This robust job growth pushed the unemployment...

Inflation Drop in France and Spain Spurs Hopes for More ECB Cuts

Inflation Drop in France and Spain Spurs Hopes for More ECB Cuts

Economy news
1 month ago

Inflation in France and Spain dropped below 2% in September, the lowest in three years, raising expectations for additional rate cuts by the European Central Bank (ECB). In France, the EU-harmonised inflation rate fell to 1.5%, down from 2.2% in Augu...

Argentina's Poverty Rate Surges as Austerity Bites Amid Economic Crisis

Argentina's Poverty Rate Surges as Austerity Bites Amid Economic Crisis

Economy news
1 month ago

Argentina's poverty rate surged to 52% in the first half of the year, reflecting the harsh effects of President Javier Milei's austerity measures aimed at addressing the country’s fiscal deficit. This represents a sharp increase from 41.7% at the end...

Global Coffee Prices Surge Amid Supply Chain Disruptions

Global Coffee Prices Surge Amid Supply Chain Disruptions

Economy news
1 month ago

Global coffee prices are soaring due to devastating weather conditions in the world's two largest coffee-producing nations, Brazil and Vietnam. Brazil, which accounts for 40% of global coffee production, has been hit by severe drought, leading to a 2...

Lagarde Foresees Inflation Return to 2% by 2025

Lagarde Foresees Inflation Return to 2% by 2025

Economy news
1 month ago

European Central Bank (ECB) President Christine Lagarde has projected inflation will reach the bank’s 2% target by mid-2025, crediting the "remarkable" reduction in price pressures over recent years with minimal job losses. Speaking at a recent...

Fed's Bold Rate Cut Marks Key Economic Shift

Fed's Bold Rate Cut Marks Key Economic Shift

Economy news
1 month ago

The Federal Reserve made a significant move this week, reducing its benchmark interest rate by 50 basis points to a new range of 4.75%-5%. This half-point cut, the first since 2020, aims to lower borrowing costs on mortgages and credit cards, signali...

Gold Nears Record Highs as Central Banks Mull Rate Decisions

Gold Nears Record Highs as Central Banks Mull Rate Decisions

Economy news
1 month ago

Gold prices are approaching record highs, supported by a weakened US dollar, global economic uncertainty, and escalating geopolitical tensions. Gold futures recently surpassed $2,600 per ounce for the first time and held steady, while spot gold...

Germany's Economic Outlook Plunges to 11-Month Low

Germany's Economic Outlook Plunges to 11-Month Low

Economy news
1 month ago

Germany's economic sentiment took a steep downturn in September, with the ZEW Economic Sentiment Index falling from 19.2 points in August to just 3.6 points, the lowest since October 2023 and far below the forecast of 17 points. This decline hig...

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