ECB cut its deposit rate by 25bps to 2.50% as expected. It maintains a data-dependent stance and stressing it is “not pre-committing to a particular rate path” amid rising uncertainty. ECB noted that disinflation process remains on track, with inflation upgrade reflects stronger energy prices. Growth forecasts for 2025 and 2026 were downgraded due to […]
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Transcript: Kelsey Barberio: A new report revealed the U.S. just had its worst month of job cuts since 2009. The report, released by Challenger, Gray & Christmas showed U.S.-based employers slashed more than 172,000 jobs Read more…
Today the ECB decided to cut the policy rate by 25bp, so the deposit rate now yields 2.50%. The most important part of the decision was its assessment of the restrictiveness of its monetary policy Read more…
Just as many other government agencies, the National Park Service saw a large part of its workforce gutted as part of the Trump administration’s moves to shrink the federal government. Over 3,400 U.S. Forest Service Read more…