EU to resist US tariffs as Trump pushes for reciprocal trade policy
The European Commission has expressed strong opposition to U.S. President Donald Trump’s proposed “reciprocal” trade policy, calling it a step in the wrong direction. The...
Tag : Inflation
U.S. Treasury yields drop despite stronger-than-expected inflation data
U.S. Treasury yields declined on Thursday despite the release of another inflation report indicating stronger-than-expected price pressures. The 10-year Treasury yield fell by 8 basis...
Wall Street tumbles as CPI report dampens interest rate optimism
U.S. stocks declined on Wednesday as investors reacted to unexpectedly high U.S. inflation data for January, which dampened expectations of Federal Reserve interest rate cuts....
Global trade set for 2.7% growth in 2024, 3.0% in 2025: WTO report
MENA Newswire News Desk: Global merchandise trade showed signs of recovery in the first half of 2024 with a year-on-year increase of 2.3%, according to the...
Fed Chair Powell signals smaller rate cuts to keep economy in solid shape
MENA Newswire News Desk: Federal Reserve Chair Jerome Powell reiterated Monday that the central bank will take necessary measures to maintain the economy’s strength, although...
Chinese Yuan hits record lows against surging US dollar
The yuan has hit new record lows against the surging US dollar, with the internationally-traded yuan reaching its lowest point since 2011 and China's domestic...
Pakistan’s economy suffers major setback as IMF denies $6 billion loan
The International Monetary Fund (IMF) has dealt another blow to Pakistan's economy by rejecting the country's claim of fulfilling the conditions necessary to secure a...
CEO of JPMorgan says it is too soon to declare victory over inflation
JPMorgan Chase & Co.'s CEO Jamie Dimon cautioned against declaring victory too soon against inflation, warning the Federal Reserve might raise interest rates above 5%...