Economy News

Amid growing turbulence in global markets triggered by a wave of U.S. tariffs, Canada is actively engaging with key international partners to contain the fallout.

​The escalating trade war between the United States and China has intensified, with China announcing an 84% tariff on U.S. goods in retaliation to President Donald Trump’s recent increase of tariffs on Chinese imports to 104%.

Billionaire investor Stanley Druckenmiller has once again criticized high tariffs, reiterating his long-standing stance that tariffs should be capped at 10%.

Traders are increasingly betting on an emergency interest rate cut from the Federal Reserve as concerns about a looming recession intensify.

Billionaire investor Bill Ackman is weighing the possibility that U.S. President Donald Trump might hold off on implementing his proposed tariffs, despite their scheduled start on April 7.

China has fired back at the U.S. with its own set of tariffs, marking another chapter in the escalating global trade conflict that began with President Donald Trump’s tariff announcement on April 2.

The recent tariff hikes under the Trump administration are stirring uncertainty across global markets, with cryptocurrencies feeling the ripple effects.

In a recent live address, U.S. President Donald Trump declared that a new base tariff of 10% would be applied universally to all countries.

Consumer spending in the U.S. showed weaker-than-expected growth in February, increasing only 0.1%, which was on the lower end of economists’ forecasts.

In February, the U.S. maintained its annual inflation rate at 2.5%, as reflected in the Personal Consumption Expenditures (PCE) Price Index, according to data released by the Bureau of Economic Analysis.

UBS has issued a stark warning to investors, flagging stagflation as a looming economic threat.

A key economic indicator is flashing warning signs as uncertainty looms over financial markets.

Investor fears of economic stagnation and recession eased as the Federal Reserve reaffirmed its plan for two interest rate cuts this year.

Trade tensions and monetary policy are shaping the outlook for both crypto and traditional markets, with uncertainty likely to persist in the coming weeks.

The Federal Reserve opted to keep interest rates steady, as anticipated by most.

ARK Invest’s Cathie Wood argues that economic trouble is brewing, even if the U.S. government doesn’t see it yet.

Growing economic uncertainty is pushing investors and central banks toward gold, with fears of a weakening U.S. dollar driving demand for the precious metal, according to Daan Struyven, Goldman Sachs’ co-head of global commodities research.

The US Senate has made a pivotal move toward averting a government shutdown by passing a Republican-backed spending bill.

Billionaire investor Marc Lasry has voiced concerns that economic instability under Donald Trump’s policies—particularly tariffs—could discourage investment and increase the likelihood of a recession.

U.S. recession fears have heightened as two major financial institutions warn of escalating economic risks linked to the current policy environment.

Donald Trump has threatened new tariffs on the EU in response to its planned countermeasures against his steel and aluminum duties.

Investor Tom Lee has expressed his belief that the market’s reaction to the Trump administration’s tariffs was overly dramatic.

Тhe European Central Bank (ECB) is optimistic about bringing Eurozone inflation down to its 2% target by the end of 2025, despite ongoing economic challenges.

The Producer Price Index (PPI) for final demand remained stable in February, with no change reported, following increases of 0.6% in January and 0.5% in December. Over the past 12 months, the index has risen by 3.2%.

Bridgewater’s Ray Dalio has expressed grave concerns over the U.S. debt situation, warning that an unsustainable imbalance between debt supply and demand could have severe global repercussions.

The Consumer Price Index (CPI) for February 2025 showed a modest increase of 0.2% compared to January, following a 0.5% rise the previous month. Over the past year, the overall CPI has risen by 2.8%.

The U.S. is set to impose a 25% tariff on steel and aluminum imports from Canada and several other nations, with the policy taking effect at midnight on March 12.

Institutional analysts believe the Federal Reserve is unlikely to reduce interest rates during its upcoming meeting, but if concerns about a recession grow, the central bank might initiate a series of quick rate cuts by June.

These past few days, fears of a looming U.S. recession triggered sharp selloffs in both tech and crypto stocks.

Timothy Peterson, a prominent analyst, has warned that the cryptocurrency market might soon face a downturn.

The escalating trade war between China and the US has sparked global economic disruption.

The latest inflation report from the Federal Reserve, based on the Personal Consumption Expenditures (PCE) index, shows a 2.5% increase in prices year-over-year for January.

Tensions are rising in global markets as the U.S. prepares to impose a 25% tariff on European imports, with the automotive sector taking the biggest hit.

A proposed U.S. oil tariff could hit foreign producers with $10 billion in costs annually, according to Goldman Sachs.

The stock market may be headed for turmoil as a historic divergence emerges between the Dow Jones Industrial Average and the S&P 500.

Trump is pushing ahead with aggressive tariffs, setting the stage for economic tensions with both the EU and BRICS.

The US Producer Price Index (PPI) for January revealed a rise of 3.5%, surpassing December’s 3.3%, signaling persistent inflation concerns.

January’s U.S. Consumer Price Index (CPI) report revealed inflation running slightly hotter than anticipated, with annual inflation rising to 3% from December’s 2.9%.

Investor attention is locked on upcoming U.S. inflation data, which could shape Federal Reserve policy and ripple through financial markets, including crypto.

Bitcoin (BTC) and other altcoins have experienced significant drops recently, with a notable impact from new tariff actions taken by Donald Trump.

In an unexpected move, the Bank of England has opted to reduce interest rates for the third time since August, adding further uncertainty to an already volatile global financial landscape.

The Federal Reserve has reduced interest rates for three consecutive months since beginning its rate-cutting cycle in September.

Trade tensions between the U.S. and China have escalated again, with Beijing responding to Washington’s latest tariff hikes by introducing its own set of economic measures.

After the Federal Reserve decided to maintain interest rates last week, former U.S. President Donald Trump expressed his support for the move, deeming it the correct choice.

The latest inflation data suggests price pressures are persisting, with the Federal Reserve’s preferred metric rising as expected in December but still exceeding its 2% goal.

The European Central Bank (ECB) has reduced its deposit rate to 2.75%, marking its fifth cut since June in an effort to stimulate a sluggish eurozone economy.

The Federal Reserve has decided to keep interest rates unchanged, opting for caution as it monitors inflation and the economic impact of President Donald Trump’s early policies.

With global markets experiencing high volatility, attention now turns to the Federal Reserve’s (FED) policy announcement on January 29, 2025.

The UK government may consider selling its multi-billion-dollar Bitcoin holdings to address gaps in its finances, according to accounting firm RSM.

The Federal Reserve is expected to hold interest rates steady at 4.25%-4.50% during this week’s FOMC meeting, despite President Trump’s push for cuts and lower oil prices.

Larry Fink, the CEO of BlackRock, shared his outlook on U.S. interest rates, suggesting that while a rate cut might be possible in the near future, an increase could be on the horizon if the economy continues its strong performance.

Japan’s central bank has made a bold move, increasing its benchmark lending rate to 0.5% – a level not seen since 2008.

Donald Trump, on his first day back in office, repealed several Biden-era executive orders, including a 2023 framework aimed at regulating artificial intelligence (AI).

Vivek Ramaswamy, a former presidential candidate, appears ready to shift his focus to Ohio’s political landscape, with reports suggesting he is preparing to run for governor.

US inflation data revealed an annual increase of 2.9% in December, up from 2.7% in November, according to the Bureau of Labor Statistics (BLS).

Despite earlier optimism, it sees that the chances of more rate cuts in 2025 are becoming less likely.

Wholesale inflation in the U.S. showed signs of easing in December, offering a glimmer of hope that price pressures may not be accelerating as feared.

The cryptocurrency market stumbled into 2025 with a shaky start as Bitcoin briefly dropped below $90,000, its sharpest decline since the beginning of the year.

Efforts to reduce global reliance on the US dollar have yet to make a significant dent, as the currency surged to a two-year high, bolstered by rising Treasury yields and a resilient US economy.

JPMorgan Chase predicts that the US dollar could remain strong throughout the year, supported by a resilient American economy that is expected to outpace other developed nations.