ECB Cuts Interest Rates to Bolster Eurozone Economy Amid Trade Tensions
ECB cuts interest rates by 25 basis points amid inflation stabilization and rising trade tensions, aiming to bolster eurozone growth.
Inflation
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South Korea Holds Key Rate Steady at 2.75% Amid Economic Uncertainty
South Korea’s central bank maintains interest rates at 2.75% as policymakers balance inflation control with economic growth stabilization efforts.
Argentina’s Inflation Crisis: IMF Aid Fails to Ease Consumer Struggles
As Argentina receives IMF funds, small businesses face ongoing price hikes despite government stabilization claims. Economic challenges persist amid record inflation.
US-China Tariff Tensions Fuel Inflation, Recession Concerns
Reciprocal tariffs between the US and Chinese mainland intensify inflation risks and recession fears, warns Ministry of Commerce researcher.
U.S. Tariff Policies Trigger Panic Buying as Prices Surge
Escalating U.S. tariffs spark panic buying as consumers brace for price hikes on essentials like food, electronics, and beauty products.
Turkey’s Inflation Rate Falls Below 40% for First Time Since June 2023
Türkiye’s annual inflation rate dropped below 40% in February, marking a ninth consecutive month of slowdown, according to official statistics.
US Inflation Persists as PCE Price Index Hits 2.5% in January
The US PCE Price Index rose 2.5% in January, signaling persistent inflationary pressures as consumer expectations for future inflation reach the highest level since 1995.
Trump’s New Tariffs on Steel and Aluminum Expected to Drive U.S. Inflation
President Trump’s recent tariffs on steel and aluminum imports are projected to increase inflation and raise the tax burden on U.S. consumers.
Trump’s Tariff Increases: Rising Inflation and Tax Burden on U.S. Consumers
U.S. President Donald Trump has increased tariffs on steel and aluminum imports to 25%, potentially driving inflation and raising the tax burden on American consumers.
China’s January CPI Rises 0.5% on Holiday Shopping Boost
China’s consumer price index (CPI) rose by 0.5% year on year in January, driven by increased holiday spending, according to the National Bureau of Statistics.
Chinese Mainland’s CPI Rises 0.5% in January Amid Mixed Economic Signals
The Chinese mainland’s Consumer Price Index rose by 0.5% in January, while the Producer Price Index fell by 2.3%, highlighting mixed economic trends.
U.S. Bird Flu Outbreak Causes Egg Prices to Soar
A bird flu outbreak in the U.S. has triggered a surge in egg prices, causing frustration among consumers facing soaring food costs.
US Tariffs Boomerang as American Consumers Brace for Rising Costs
The US’s latest tariff policies are set to backfire, leading to rising consumer costs and escalating inflation, which could undermine economic growth.
U.S. Federal Reserve Pauses Interest Rate Cuts Amid Rising Core Inflation
On January 29, the U.S. Federal Reserve paused its interest rate cuts due to rising core inflation driven by volatile food prices, a move that could strain its relationship with President Donald Trump.
Federal Reserve Holds First Meeting Under Trump’s Second Term
The U.S. Federal Reserve began its first meeting under President Donald Trump’s second term to address potential interest rate changes in the fight against inflation.
China’s CPI Rises 0.1% in December 2024; PPI Decline Narrows
China’s CPI rose 0.1% year on year in December 2024, signaling steady consumer demand. The PPI decline has also narrowed, indicating improved conditions in the industrial sector.
China’s CPI Rises 0.2% in 2024, Indicating Stable Economic Growth
China’s CPI rose 0.2% year on year in 2024, signaling stable economic growth and controlled inflation, official data shows.
U.S. Economy in 2024: Robust Growth Amid Elevated Risks
The U.S. economy in 2024 has outperformed expectations with robust growth, but analysts warn that inflation and tariffs could pose significant risks heading into 2025, impacting Asian economies.
Putin Affirms Russian Economy’s Stability Amid Inflation Concerns
Russian President Vladimir Putin declares the economy stable despite external pressures but acknowledges rising inflation as a concerning signal during his end-of-year press conference.
Analyst Predicts More Direct Stimulus to Boost China’s Domestic Demand
Analyst Ameel Ahmad predicts that China may introduce more direct stimulus measures to boost domestic demand, as consumer prices hold steady and producer prices decline amid global economic challenges.