Economic boost from Taylor Swift’s Eras Tour could be overstated, Nomura warns
The devil’s in the details, but local economies have a friend in Taylor Swift. The American pop star has spent…
German central bank losses soar, wiping out risk provisions
Losses incurred by the German central bank rocketed into the tens of billions in 2023 due to higher interest rates,…
Germany’s housebuilding sector is in a ‘confidence crisis’ as the economy struggles
Germany’s housebuilding sector has gone from bad to worse in recent months. Economic data is painting a concerning picture, and…
Fed’s Waller wants more evidence inflation is cooling before cutting interest rates
Federal Reserve Governor Christopher Waller said Thursday he will need to see more evidence that inflation is cooling before he…
Turkey ends hiking cycle after 8 months, holding key rate at 45%
Turkey’s central bank held its key interest rate on Thursday, keeping it at 45% despite soaring inflation after eight consecutive…
Fed officials expressed caution about lowering rates too quickly at last meeting, minutes show
WASHINGTON – Federal Reserve officials indicated at their last meeting that they were in no hurry to cut interest rates…
Germany slashes 2024 growth forecast to just 0.2% as economy in ‘tricky waters,’ minister says
Germany’s gross domestic product is now expected to grow by just 0.2% this year, as the country wades in “tricky…
UK posts record budget surplus in January
LONDON — The U.K. logged a record £16.7 billion ($21.1 billion) net budget surplus in January, according to official figures…
Bank of England rate cuts likely later but larger, Goldman Sachs says
The Bank of England is likely to hold interest rates higher for longer before slashing them more sharply than expected…
Israel’s GDP contracts nearly 20% in fourth quarter amid Gaza war
Israel’s gross domestic product shrank nearly 20% in the fourth quarter of 2023, according to official figures. The contraction was…
