Browsing: Inflation

U.S. stocks tumbled Wednesday after inflation data exceeded forecasts, raising fears of delayed rate cuts. The CPI report fueled uncertainty, sending the Dow, S&P 500, and Nasdaq lower.

The Bank of England cut interest rates to 4.5% amid weak UK growth, signaling further reductions ahead as inflation slows and economic uncertainty persists.

U.S. stocks dropped Monday after Trump announced tariffs on China, Mexico, and Canada, but pared losses after he delayed Mexico tariffs for one month following talks with President Sheinbaum.

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 stability.

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 chain disruptions.

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 GDP data.

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 borrowing costs.

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 of his nine-year tenure.

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 for safe-haven assets.

Germany’s economic contraction extended into December, marking six straight months of decline as weak manufacturing output offset modest stability in the services sector.