Uncertainty Looms as U.S. Economy Grows 2.4% in Q4 2024 Amidst Policy Shifts
The U.S. economy showed resilience with a 2.4% growth in the final quarter of 2024, buoyed by robust consumer spending, according to the latest report from the Commerce Department.
Asia Remains the Driving Force of Global Economic Growth
Despite rising global economic uncertainties, Asia continues to be a key driver of global growth, according to a report released at the Boao Forum for Asia (BFA) on Tuesday.
U.S. Economy Faces Unexpected Contraction Amidst Trade and Spending Concerns
The U.S. economy, recently touted for its resilience, has taken a sudden turn as economic indicators point towards a surprising contraction.
Bank of England Holds Rates Amid Economic Uncertainty
The Bank of England (BoE) is set to keep its key interest rate at 4.5% in its upcoming meeting, as economic challenges mount both domestically and internationally.
Bank of Canada Cuts Interest Rates Amid Warning of New Economic Crisis
The Bank of Canada has taken decisive action, slashing its key policy rate by 25 basis points to 2.75% amidst mounting concerns over inflation and economic slowdown exacerbated by trade tensions and tariffs imposed by President Donald Trump.
U.S. Economy Faces Spending Cut Shock
Treasury Secretary Scott Bessent warned of an impending "detox period" for the U.S. economy, citing its reliance on excessive government spending.
ECB Cuts Rates, Signals Less Restrictive Policy Ahead
In a significant move on Thursday, the European Central Bank (ECB) slashed its interest rates by 25 basis points, reducing the deposit facility rate to 2.5%.
ECB Poised for Rate Cut Amid Shifting Inflation Dynamics
European markets are adjusting expectations as the European Central Bank (ECB) prepares for its upcoming interest rate decision, influenced by recent U.S. inflation data.
U.S. Economy Grows, But Tariff Concerns Shake Markets
In February 2025, the U.S. economy expanded at a 2.3% annual rate in the fourth quarter of 2024, supported by robust consumer spending.
Hong Kong Plans 10,000 Job Cuts and AI Investment to Tackle Deficit
Hong Kong is set to cut 10,000 civil service jobs by 2027 and invest heavily in AI to address its rising fiscal deficit.
Fed Warns Trump Tariffs Could Spike Prices
In recent developments, the Federal Reserve has issued a cautionary note regarding potential price hikes facing American consumers should President Donald Trump implement proposed tariffs.
UK Online Sellers Face Major US Tariff Shake-Up
UK-based independent sellers on platforms like eBay and Amazon could face severe sales declines in the US due to new import rules proposed by Donald Trump.
Treasury Yields Drop as Inflation and Trade Concerns Ease
U.S. Treasury yields fell sharply on Thursday as inflation worries and trade tensions showed signs of easing.
UK Interest Rates Too Restrictive, But Caution Needed on Cuts
The Bank of England’s recent decision to cut interest rates by 25 basis points was expected, yet it still surprised some economists.