Latest Finance-Economy News
Fed Signals No Rate Cuts Until Mid-2026 Amid Persistent Inflation
Federal Reserve Chair Jerome Powell stated in today's testimony that inflation remains sticky, pushing back expectations for rate cuts to at least June 2026. Markets reacted with a 1.2% drop in S&P 500 futures. [1][2]
China Unveils $1 Trillion Stimulus Package to Counter Economic Slowdown
Beijing announced massive infrastructure spending and tax cuts totaling $1 trillion to revive growth amid property crisis. Shanghai Composite surged 3.5% on the news. [3][4]
Eurozone Inflation Falls to 1.8%, ECB Eyes Policy Easing
January CPI data showed inflation dropping below 2% target, fueling bets on ECB rate cuts next month. Euro strengthened 0.8% against dollar. [5]
Oil Prices Plunge 4% on OPEC+ Supply Hike Decision
OPEC+ agreed to increase output by 1 million barrels/day starting March, overwhelming demand forecasts. Brent crude fell to $72/barrel. [6][7]
Bitcoin Surges Past $95K After SEC Greenlights Spot ETF Expansions
Regulatory approval for additional crypto ETFs drove BTC to new highs, with Ethereum following at +12%. Total crypto market cap exceeds $3 trillion. [8]
US Jobless Claims Hit 8-Month High, Raising Recession Fears
Weekly initial claims rose to 250,000, signaling labor market softening. Economists warn of potential GDP contraction in Q1. [1][9]
UK Economy Contracts 0.3% in Q4, Enters Technical Recession
ONS data confirmed two quarters of negative growth due to high rates and weak consumer spending. Pound sterling weakens further. [10]
Apple Reports Record Q1 Revenue on AI iPhone Demand
Tech giant beat earnings expectations with $120B revenue, driven by AI features in new devices. Shares up 5% after hours. [11][12]
Japan Yen Strengthens as BOJ Hints at Rate Hike
Bank of Japan minutes suggest possible normalization, sending USD/JPY pair down 2%. Nikkei slips amid currency rally. [13]
Global Bond Yields Rise on Strong US Retail Sales Data
January retail sales jumped 0.8%, hotter than expected, pushing 10-year Treasury yield to 4.5%. Impacts emerging markets borrowing costs. [2][14]
Tesla Stock Drops 7% on Weak China Sales Figures
EV maker reported 20% sales decline in China amid fierce competition from BYD. Raises concerns over global growth targets. [15]