Macroeconomic data, trends, and policy developments.
Coverage of key economic indicators, central bank policy decisions, inflation trends, labor data, and growth signals. This category focuses on the macroeconomic forces that shape markets, interest rates, and long-term capital allocation.
353 total articles
The Swiss National Bank (SNB) has denied engaging in any manipulation of the Swiss franc after the U.S. Treasury kept Switzerland on a watch list for potential currency management. The Treasury said it is expanding monitoring of foreign exchange practices, including interventions that counter both depreciation and appreciation versus the U.S. dolla…
Preliminary data from the national statistics institute show Mexico's economy grew 0.8% in the fourth quarter of 2025, outpacing consensus and reversing a contraction in Q3. On an annual basis Q4 GDP rose 1.6%, and the full-year expansion for 2025 was 0.5%, exceeding central bank and analyst forecasts. Agriculture was the strongest performing secto…
President Donald Trump announced the selection of former Federal Reserve governor Kevin Warsh to succeed Jerome Powell when Powell leaves the Fed in May. The nomination follows months of public vetting of several contenders. Markets showed muted volatility with the dollar giving up some gains, Treasury yields rising and U.S. stock futures pointing …
Widespread wildfires in Patagonia have scorched an area more than twice the size of Buenos Aires, breached the Los Alerces National Park and prompted a government emergency declaration in four southern provinces. Critics say steep budget cuts to wildfire prevention and response under President Javier Milei have weakened preparedness, while authorit…
Deutsche Bank expects the Bank of England to keep its Bank Rate at 3.75% at the February policy meeting, predicting a 7-2 Monetary Policy Committee split with external members Alan Taylor and Swati Dhingra dissenting in favor of a reduction. The bank highlights a resilient UK economy alongside a fragile labour market and projects inflation will rea…
The Swiss National Bank said it does not manipulate the Swiss franc and reaffirmed that foreign exchange interventions and interest-rate policy are legitimate tools to fulfill its inflation mandate. The statement followed a U.S. Treasury report that broadened criteria for monitoring foreign exchange practices and left Switzerland on a list of 10 co…
U.S. stock futures fell as reports indicated President Trump had narrowed his choice for Federal Reserve chair to former governor Kevin Warsh. Markets moved on rising odds that Warsh will be nominated, betting markets and traders adjusted positioning across equities, Treasuries, the dollar and commodity-linked miners.
Hong Kong's economy recorded a 3.8% year-on-year increase in the fourth quarter, marking a 12th straight quarter of growth. For 2025 overall, real GDP rose 3.5%, surpassing the government's 3.2% projection, supported by stronger trade flows, rising inbound tourism and activity in financial services.
National data released on Friday show the euro zone's largest economies delivered modest but consistent expansion in the final quarter of 2025. Stronger household spending and business investment helped compensate for sluggish exports and lingering uncertainty from U.S. trade policy. Early 2026 indicators point to continued resilience, while struct…
China's central government recorded a 1.7% fall in fiscal revenue in 2025, the first contraction since 2020, as a prolonged property downturn and fragile domestic demand reduced receipts. Total fiscal revenue reached 21.6 trillion yuan, while public spending rose 1% to 28.7 trillion yuan. Tax receipts rose modestly, but non-tax income and land-sale…
President Donald Trump is preparing to nominate former Fed governor Kevin Warsh to replace Jerome Powell as Federal Reserve Chair, according to multiple reports. Trump told reporters he will reveal his choice on Friday morning and praised the nominee as respected within financial circles. The reports say Warsh has bested top White House advisor Kev…
Bitcoin slid to a two-month low amid mounting speculation that former Fed Governor Kevin Warsh could be chosen to replace Jerome Powell as chair of the U.S. Federal Reserve. The prospect of a tighter approach to liquidity pushed the dollar higher and accelerated selling across cryptocurrencies, with ether also retreating. Market nervousness was com…
President Donald Trump said he will name a successor to Jerome Powell on Friday, narrowing a months-long period of market uncertainty. Reports and a White House meeting have focused attention on former Federal Reserve governor Kevin Warsh as the leading candidate. Market participants view Warsh as one of the more hawkish options among the contender…
President Donald Trump said he plans to announce his choice to succeed Federal Reserve Chair Jerome Powell on Friday, with growing conjecture that former Fed governor Kevin Warsh will receive the nomination. Reports say the White House is preparing for Warsh to be nominated, and Warsh met with the president at the White House amid the speculation. …
Canada recorded a sizeable rise in its monthly goods trade deficit in November after a pronounced fall in merchandise exports, particularly metals and motor vehicles. While trade with the United States remains a surplus, overall exports declined and trade with other countries widened the non-U.S. deficit. Currency and short-term bond markets reacte…
President Donald Trump told reporters he will unveil his selection to replace Federal Reserve Chair Jerome Powell on Friday morning. The comment, made at a documentary premiere on Thursday evening, confirmed a decision after months of consideration but did not identify a nominee. Speculation about possible candidates has intensified amid concern ov…
Former President Donald Trump, joined by his sons and the Trump Organization, filed a federal suit in Florida seeking $10 billion in damages from the Internal Revenue Service and the U.S. Treasury. The complaint alleges the agencies failed to protect confidential tax return data, enabling a former IRS contractor to access and leak the information t…
The U.S. dollar looked headed for a second consecutive weekly decline as new tariff threats related to Cuba and rising tensions across multiple geopolitical fronts eroded demand for U.S. assets. Reports that the White House is considering strikes on Iran spurred an oil price jump and put additional pressure on the dollar index. Domestic development…
President Donald Trump said on Thursday evening he will impose a 50% tariff on Canadian-made aircraft sold in the United States if Canada does not certify certain Gulfstream jets, and announced plans to decertify Bombardier aircraft including the Global Express. The remarks come days after a separate threat to impose 100% tariffs on Canada tied to …
Colombia's highest court has temporarily suspended an emergency decree enacted by President Gustavo Petro's government that allowed the executive to raise taxes and act by decree to address budget shortfalls. The measures, implemented in December after a tax reform failed in Congress, were intended to generate tens of trillions of pesos for the 202…
The U.S. Treasury has issued General License No. 46, expanding permission for American oil companies to conduct activities tied to Venezuelan crude exportation and refining. The authorization, limited to pre-established U.S. entities, enables shipping and logistics arrangements but keeps strict bans on dealings with designated foreign actors and bl…
The U.S. Treasury said recent declines in the South Korean won outpaced the country’s underlying economic strength, according to its semi-annual currency report. The assessment pointed to a spike in depreciation pressures in late 2024 tied to a policy rate cut and domestic political instability, and noted further weakening into late 2025. South Kor…
The Federal Reserve and the Trump administration remain sharply divided over the appropriate path for interest rates, but they now share a clearer consensus on the near-term economic outlook. Both sides see productivity gains easing price pressures and expect tariff-driven price increases to be temporary, and both anticipate continued solid growth.…
CIBC economists Benjamin Tal and Katherine Judge find a widening divergence in North American manufacturing, with U.S. output and capital intensity rising well above Canadian levels. U.S. manufacturing GDP is now almost 10% above pre-pandemic figures while Canadian output remains below its 2019 baseline. The bank's analysis highlights a sharp incre…
A central bank official told investigators that state-run Banco de Brasília (BRB) may need to allocate in excess of 5 billion reais to cover dealings with failed lender Banco Master. The estimate is significantly higher than an earlier provision and follows probes into large transfers and questions over the nature of assets involved in the transact…
