UK growth forecast slashed as Bank of England lowers rates
The Bank of England (BoE) announced its first interest rate cut of 2025 on Thursday, reducing the benchmark rate by 25 basis points to 4.5%....
Tag : Inflation
U.S. stocks fall as Trump announces tariffs on key trade partners
U.S. stocks declined on Monday following President Donald Trump's announcement of new tariffs on China, Mexico, and Canada. However, major indices pared early losses mid-morning...
US inflation persists as Trump’s tariff threats add economic concerns
Inflation in the United States remained persistent in December, with a key gauge monitored by the Federal Reserve rising 2.6% year-over-year, up from 2.4% in...
Gasoline, groceries, and cars could cost more as Trump’s tariffs loom
The Trump administration has reaffirmed its plan to impose 25% tariffs on all goods imported from Canada and Mexico, set to take effect on February...
Germany and France see contraction as euro zone stalls in Q4
The euro zone economy stagnated in the fourth quarter of 2024, registering zero growth, according to preliminary data released by Eurostat on Thursday. The figure...
Trump calls for immediate rate cuts as Fed meeting approaches
The Federal Reserve is expected to keep interest rates steady at the conclusion of its two-day meeting on Jan. 29, signaling a cautious approach as...
Bitcoin drops 5 percent erasing $5,000 in a sudden price slump
Bitcoin (BTC) experienced a sharp price drop early this week, losing 5% of its value and shedding $5,000 per token. The decline triggered over $130...
Japan raises interest rates to 0.5 percent amid inflation concerns
The Bank of Japan (BOJ) raised its benchmark interest rate by 25 basis points to 0.5% on Friday, marking the highest level since 2008. The...
Crypto liquidations top $483 million as markets react to Fed outlook
Global cryptocurrency markets and technology stocks experienced sharp declines on January 7, 2025, as stronger-than-expected economic data dampened investor expectations for near-term interest rate cuts...
Trudeau announces resignation as Liberal Party leader after nine years
Canadian Prime Minister Justin Trudeau has announced his decision to resign as leader of the ruling Liberal Party, while remaining in office as prime minister...