Israeli forces continue to carry out new attacks across Gaza and enforce a complete humanitarian blockade.
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INFLATION RISES TO 2.8 PERCENT IN FEBRUARY
The core Personal Consumption Expenditures Index, the inflation measure the U.S. Federal Reserve watches most closely, rose to 2.8 percent in February compared to 2.4 percent in January, according to the Bureau of Labor Statistics.
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CANADA’S GROWTH OUTLOOK DARKENS
Canada’s economy will grow at an annualized rate of just 0.7 percent in this year’s second quarter, according to Bloomberg’s poll of 34 economists. In February, the same poll foresaw growth at 1.7 percent.
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ECB SHOULD THINK ABOUT PAUSING RATE CUTS, BELGIAN CENTRAL BANKER SAYS
The European Central Bank (ECB) should consider not reducing its key interest rate again at its meeting this month, Pierre Wunsch, the governor of Belgium’s central bank and a member of the ECB’s rate-setting committee, said last week.
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EUROPE’S EQUITY MARKETS SKYROCKET IN “HISTORIC” RALLY
As American stock markets stumble under weak consumer spending, waning business confidence, and Donald Trump’s chaotic tariff policies, Europe’s equities are staging what Bloomberg calls a “historic” surge.
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GOVERNMENTS, CORPORATIONS TOP $100 TRILLION IN BONDED DEBT
The governments and corporations in the 38-nation Organization for Economic Cooperation and Development (OECD) have more than $100 trillion in bonded debt outstanding, almost as much as the entire world’s GDP, which is between $105 trillion and $110 trillion, a new OECD report has found.
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CONSUMER SENTIMENT PLUNGES
Consumers’ view of the present and future state of the U.S. economy is cratering, according to the final March survey by the University of Michigan.
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U.S. FINANCIAL OUTLOOK IS DETERIORATING, MOODY’S WARNS
Donald Trump’s sweeping tariff regime will complicate efforts to manage the growing federal debt as high interest rates persist, Moody’s warned last week.
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GOING OUT OF BUSINESS TRENDS
The economic landscape has presented an array of challenges that will profoundly affect the business community this year.
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WHEN THE ECONOMY FALLS, JOBS GO WITH IT
Federal job cuts continue under Elon Musk and the Department of Government Efficiency with the Department of Health and Human Services leading the count this week with 10,000 layoffs of full-time employees, including 3,500 at the Food and Drug Administration, 2,400 at the Centers for Disease Control and Prevention, 1,200 at the National Institutes of Health and 300 at the Centers for Medicare and Medicaid Services.