Latest in European Central Bank to make 'last easy rate cut' as tariffs, higher fiscal spending loom
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European Central Bank to make 'last easy rate cut' as tariffs, higher fiscal spending loom
Disagreement among policymakers may be set to increase as the neutral rate swims into view.CNBC - 19h -
Inflation eases to 2.4% in Europe, supporting likely central bank rate cut
Inflation in Europe eased to 2.4% in February, supporting the case for another interest rate cut from the European Central Bank but leaving open how far the central bank will go in lowering ...ABC News - 2d -
Bank of England rate setter warns of higher UK inflation risk driven by wages
Deputy governor Dave Ramsden says interest rate cuts must be gradualFinancial Times - 5d -
Weekly mortgage demand surges 20% higher, after interest rates drop to the lowest since last year
Mortgage demand rallied last week after interest rates dropped to the lowest level since December 2024.CNBC - 18h -
No ‘golden age’ is coming. Trump’s tariffs will hit Americans with higher interest rates and more inflation.
Protectionism won’t make us rich — especially if tariffs launch a trade war.MarketWatch - Feb. 25 -
DOGE Quietly Deletes the 5 Biggest Spending Cuts It Celebrated Last Week
The cuts, highlighted on an earlier version of the “wall of receipts” posted by Elon Musk’s team, contained mistakes that vastly inflated the amount of money saved.The New York Times - Feb. 25 -
Bank of Korea slashes rates to lowest since August 2022 on economic worries, cuts growth forecast
The Bank of Korea cut rates to 2.75% from 3%, in line with expectations from economists polled by Reuters, trimming rates for the third time in four meetings.CNBC - Feb. 25 -
U.S. Economy Shows Signs of Strain From Trump’s Tariffs and Spending Cuts
Consumer and business sentiment is wobbling as fiscal support fades and fears rise that tariffs will lead to higher prices.The New York Times - 6d -
How do Americans feel about inflation, tariffs, spending cuts?
President Trump is expected to lay out his legislative priorities during his address to Congress tonight. CBS News polling has some insights on what Americans want to see from lawmakers. CBS News ...CBS News - 1d -
Fed’s Logan backs shortening maturity of central bank’s balance sheet
Dallas Fed President Lorie Logan on Tuesday backed a plan to change the composition of the Fed’s secondary-market purchases of Treasury securities so that the central bank’s holdings match the ...MarketWatch - Feb. 25 -
German Central Bank Loss Points to More Economic Woes for Germany
The central bank’s president said it was “not possible to rule out” a third year of no economic growth.The New York Times - Feb. 25 -
South Africa’s central bank governor sounds alarm on ‘rightwing populism’
Lesetja Kganyago warns institutions are increasingly a target as the principle of independence comes under attackFinancial Times - 4d -
Deadline looms for Trump’s Canada, Mexico tariffs
Plus: RFK Jr. touts measles vaccine amid outbreak {beacon} 12:30 REPORT It’s Monday. This is a big week in Washington with President Trump’s Tuesday evening joint address to Congress. Reminder: ...The Hill - 2d -
EPA to make higher-ethanol gas available year round beginning in April
The Environmental Protection Agency (EPA) will proceed with Biden-era plans to allow the year-round sale of higher-ethanol E15 fuel, a longtime ask of midwestern lawmakers and the biofuels ...The Hill - Feb. 24 -
Chinese manufacturing returns to growth despite threat of higher Trump tariffs
Fastest expansion in three months as new orders rise at Chinese factories. China’s manufacturing activity expanded at the fastest pace in three months in February, despite the looming threat that ...The Guardian - 3d -
US consumers warned to brace for higher prices due to Trump’s tariffs
Prices ‘highly likely’ to rise almost immediately, retailers say, after 25% duty hits exports from Mexico and Canada. Trump’s Congress speech – latest updates Americans have been warned to ...The Guardian - 1d -
How Trump's Canada and Mexico tariffs risk higher prices on cars
President Donald Trump’s decision to impose a 25% tariff on all imports coming into the U.S. from Canada and Mexico is expected to take a particular toll on the U.S. auto industry.NBC News - 1d -
Target, Best Buy warn of higher prices over Trump tariffs
Target and Best Buy warned on Tuesday that shoppers should expect to see higher prices on certain goods as President Trump's tariffs on Mexico, Canada and China go into effect and those nations ...The Hill - 1d -
Trump tariffs will mean higher prices for consumers, retailers say
Retailers including Best Buy and Target are warning that Trump administration tariffs will force them to hike their prices.CBS News - 10h -
How fast will the ECB cut interest rates?
Market Questions is the FT’s guide to the week aheadFinancial Times - 3d -
Israel says West Bank operation will last for a year as it sends tanks to Jenin
Continued operation in Palestinian territory will leave 40,000 displaced people unable to return home. Israel has sent tanks to the West Bank city of Jenin, in the first deployment of its kind in ...The Guardian - Feb. 23 -
Month's worth of bank IT failures in the last two years, figures show
The MPs have also discovered millions of pounds of compensation will be paid out because of the spate of outages.BBC News - 31m -
How European nations are appealing to Trump, boosting defense spending
European nations that are part of NATO are boosting their defense spending and are appealing to President Trump's demands on contributions. Charlotte Howard, The Economist's executive editor, joins ...CBS News - 6d -
European markets soar as Germany lifts ‘debt brake’ to raise defence spending
Berlin’s ‘big bazooka’ move sends industrial stocks surging but fiscal sea change also hikes borrowing costs. Business live – German debt ‘bazooka’ rallies stocks and euro European financial ...The Guardian - 19h -
Modi wants Tesla to build cars in India. Making the plan work may not be easy
Tesla is reportedly recruiting and scouting showroom locations in the country, following a meeting between Prime Minister Modi and Elon Musk earlier this month.CNBC - Feb. 27 -
European stocks fall after Trump’s tariff warnings
US president has threatened 25% duties on EU imports as well as levies on other major trading partnersFinancial Times - 6d -
Apple Plans to Invest $500 Billion in U.S. as Trump Tariffs Loom
The company pledged the multibillion-dollar investment over the next four years and said it would create 20,000 jobs. The Texas facility is set to open in 2026.The New York Times - Feb. 24 -
Ontario heads to polls for snap election in face of looming Trump tariffs
Premier Doug Ford called for the early vote, arguing he needs ‘strong mandate’ in case of US-Canada trade war. Voters in Canada ’s most populous province head to the polls on Thursday to elect a ...The Guardian - 6d -
Trump’s tariffs loom suddenly through the fog of trade war
In the US president’s mind, the trade instruments blur into one anotherFinancial Times - 2d -
February Manufacturing Stays Stable, Though Tariff Storm Looms
The Institute for Supply Management said output remained fairly steady, but tariffs on raw materials threaten U.S. growth.Inc. - 2d -
Tariffs, Ukraine and Gaza loom over Trump's 'American Dream' address
The theme of Trump's Tuesday address is "Renewal of the American Dream," but he's also expected to remark on what his second-term agenda may mean for the world.ABC News - 1d -
UK government insists consultancy spending cuts ‘on track’
Big firms won £1.5bn of UK government work in 2024, an increase on the previous two yearsFinancial Times - Feb. 27 -
Chancellor set to cut welfare spending by billions
Cuts to areas including welfare will be put to the official forecaster ahead of the Spring Statement.BBC News - 19h -
Trump puts tariffs on thousands of goods from Canada and Mexico, risking higher prices
President Donald Trump has moved forward with a plan to put sweeping tariffs on all goods coming into the United States from Canada and Mexico, threatening a trade war with its closest trading ...NBC News - 1d -
Fed’s Schmid warns against rate cuts in response to weaker outlook
Schmid, a voting member of the Fed’s interest-rate committee this year, pointed to two lasting lessons from history.MarketWatch - 6d -
Turkish inflation falls below 40% to set up further rate cuts
Central bank expected to reduce interest rates by 250 basis points when it meets on ThursdayFinancial Times - 2d -
Major Asia bank to cut 4,000 roles as AI replaces humans
It makes DBS one of the first major banks to offer details on how AI will affect its operations.BBC News - Feb. 25 -
Uefa president Ceferin makes outspoken intervention on European politics
Slovenian opines about immigration and populism ‘We are all fed up with political correctness’ The president of Uefa, Aleksander Ceferin, has made an outspoken intervention in European politics, ...The Guardian - Feb. 24 -
Bank stocks are down big on Trump tariffs. It’s time to get into one of them
Shares of American banks sank as President Donald Trump's tariffs went into effect on key trade partners.CNBC - 1d -
Weekly mortgage demand increases 20% after interest rates drop to lowest since last year
A sharp drop in mortgage interest rates finally lit a fire under loan demand.NBC News - 16h