Economy News

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.