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As we had long forecast, President Trump will keep pushing the Federal Reserve to lower interest rates. After the U.S. Bureau of Labor Statistics reported the U.S. economy added 139,000 jobs in May—more than expected—Donald Trump took to social media to demand that the U.S. Federal Reserve and its Chairman Jerome Powell lower the central bank’s interest rate.
Although the European Central Bank (ECB) has lowered its interest rates, the cost of a mortgage is likely to continue rising throughout the 20-country Eurozone until at least 2030, the bank has warned.
Just 19 percent of European Central Bank (ECB) employees think the bank “does a good job of promoting the most competent people,” a new Ipso survey found.
The collective economy of the 20-nation Eurozone grew by 0.4 percent in this year’s first three months, doubling the pace of growth reached during 2024’s final quarter. If the quarter-on-quarter pace sustains throughout the year, the area’s GDP will grow by 1.4 percent, The Wall Street Journal said.
Confidence among Europe’s business owners and executives has sunk to its lowest since November 2022, according to the Hamburg Commercial Bank’s new purchasing managers index (PMI).
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.
Europe’s retaliatory tariffs on U.S. imports, imposed in response to U.S. trade levies, risks a return of inflation, Italian prime minister Giorgia Meloni warned on the eve of last week’s meeting of European heads of state.
On 6 March, the European Central Bank (ECB) shaved a quarter point off its key interest rate, dropping it to 2.5 percent.
The economy of the 20-country Eurozone grew 0.1 percent in 2024’s final three months, the Eurostat statistics agency reported, revising its earlier estimate that the economy had flatlined.
The Eurozone’s economy stagnated in 2024’s final three months as GDPs in France, Germany, and Ireland contracted.
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