WTO Sees Trade and Growth Slowing More Sharply if Middle East Conflict Persists
Should disruptions persist and energy prices remain high this year, goods trade flows this year would grow by 1.4%, a […]
Finance
Philly Area Manufacturing Expands in March
The bank’s manufacturing business outlook survey showed the current-activity index at 18.1 versus 16.3 in February. Source link
U.S Jobless Claims Fell Last Week
The number of people who filed for unemployment benefits was 205,000 in the week through March 14, lower than the
Bank of England Leaves Interest Rate Unchanged
The war with Iran is forcing global central banks to reassess their rate cutting plans. Source link
While the war on Iran has sent prices of crude and other commodities sharply higher, economists still doubt the U.S. is at much risk of a recession
In a survey, the average of economists projects the Mideast war boosting inflation but probably not hurting growth. Source link
Swiss National Bank Holds Key Rate as Franc Appreciation Concerns Persist
The SNB again signaled its willingness to intervene in the foreign-exchange market after the Iran war pushed the Swiss franc
Sweden’s Central Bank Holds Key Rate as Middle East Conflict Raises Uncertainty
The Riksbank kept its key policy rate at 1.75% but said it is ready to act if the conflict begins
Taiwan Central Bank Holds Rates Again, Raises Inflation Forecast
The Taiwanese central bank raised its inflation outlook, citing uncertainty stemming from the Middle East conflict. Source link
U.K. Jobless Rate Remains Near Five-Year High
The reading comes as war in the Middle East threatens to hit growth and push the jobless rate even higher
Bank of Japan Holds Steady as Middle East Tensions Raise Uncertainty
The Japanese central bank maintained its policy rate at 0.75% against an uncertain backdrop of conflict in the Middle East