Economy News

Global economy, politics, stock markets, gold, oil and more.

Eurozone Inflation Slightly Rises to 2.6% in July 2024

In July 2024, inflation in the eurozone increased slightly to 2.6%, up from 2.5% in June.

20.08.2024 16:00 1 min. read Alexander Stefanov

Will Jerome Powell Hint at Major Rate Cuts This Friday?

As the Jackson Hole Economic Symposium approaches, all eyes are on Fed Chair Jerome Powell’s upcoming speech.

20.08.2024 11:30 2 min. read Alexander Stefanov

Goldman Sachs Reduces Recession Probability Following Economic Data

Goldman Sachs has reduced its forecast for a US recession in the next year to 20%, down from 25%, based on recent economic data.

19.08.2024 16:30 1 min. read Alexander Stefanov

US Household Debt Hits Record High Amid Slowing Consumer Spending

Americans are carrying unprecedented levels of household debt, and one of the nation’s leading banks has issued a warning about a potential decline in consumer strength.

19.08.2024 16:00 2 min. read Alexander Stefanov

BRICS Poised to Disrupt Global Finance with New US Dollar-Free Payments System

Central banks and finance ministries within the BRICS nations are exploring the development of a new payments system aimed at bypassing the US dollar, according to recent reports.

19.08.2024 15:00 1 min. read Alexander Stefanov

U.S. Banks Exposed to Potential Financial Crisis, Report Finds

A new report reveals that 94 U.S. banks are at high risk of facing bank runs from uninsured depositors if they show signs of financial instability.

18.08.2024 14:00 2 min. read Alexander Stefanov

Fed Increases Assets Amid Rate Cut Predictions

The Federal Reserve’s balance sheet expanded by $2 billion this week, reaching a total of $7.2 trillion.

17.08.2024 12:00 1 min. read Alexander Stefanov