US inflation persists as Trump’s tariff threats add economic concerns
Core inflation stayed at 2.8% in December, aligning with expectations but above the Fed’s target. Rising energy costs and tariff threats pose risks to price...
Tag : Inflation
Gasoline, groceries, and cars could cost more as Trump’s tariffs loom
Trump’s 25% tariffs on Canada and Mexico could drive up prices for gas, groceries, and cars, with experts warning of economic fallout and potential supply...
Germany and France see contraction as euro zone stalls in Q4
The euro zone economy stalled in Q4, posting zero growth, missing forecasts. The ECB responded with a rate cut as inflation concerns persist despite weak...
Trump calls for immediate rate cuts as Fed meeting approaches
Despite calls from President Trump for immediate rate cuts, the Federal Reserve is poised to maintain current interest rates, leaving consumers struggling with persistent high...
Bitcoin drops 5 percent erasing $5,000 in a sudden price slump
Bitcoin plunged 5 percent, losing $5,000 per token, as $130M liquidated in long positions. Traders now focus on Fed decisions, GDP data, and inflation indicators....
Japan raises interest rates to 0.5 percent amid inflation concerns
Japan raised its interest rate to 0.5%, the highest since 2008, citing inflation and wage growth, signaling a shift in the Bank of Japan’s long-standing...
Crypto liquidations top $483 million as markets react to Fed outlook
Cryptocurrency markets saw $483 million liquidated as economic signals raised doubts about rate cuts, sending Bitcoin down 5% and tech stocks like Nvidia tumbling....
Trudeau announces resignation as Liberal Party leader after nine years
Canadian Prime Minister Justin Trudeau has announced his resignation as Liberal Party leader while remaining prime minister until a successor is chosen, marking the end...
Gold prices soar 26 percent in 2024 amid economic uncertainty
Gold prices soared 26% in 2024, closing at $2,626 per ounce, fueled by U.S. Federal Reserve rate cuts and economic uncertainty, signaling a strong performance...
Germany’s economic activity sees persistent decline amid weak manufacturing
Germany’s economic contraction extended into December, marking six straight months of decline as weak manufacturing output offset modest stability in the services sector....