Economy

Rising trade tensions ‘will likely lower euro area growth by dampening exports,’ said an official from the European Central Bank.

Construction input prices have risen for the third consecutive month in March, putting pressure on real estate developers.

Housing costs are at an all-time high, cooling demand in some markets as economic uncertainty and elevated rates weigh on buyer confidence.

Facing softer inflation and rising risks to the economic outlook, the ECB has cut rates and called on governments to pursue reforms.

The Federal Reserve is not expected to cut interest rates until June.

The U.S. labor market remains resilient amid broader economic volatility.

Meanwhile, underemployment has only improved slightly over the past year.

The Fed report also showed that the manufacturing sector grew at a 5.1 percent annualized pace in the first quarter.

‘We may find ourselves in the challenging scenario in which our dual-mandate goals are in tension,’ Federal Reserve Chairman Jerome Powell said.

Consumers splashed out on big ticket items including vehicles before U.S. duties on imported vehicle parts went into effect.

Most home sellers believe it’s important for their listings to be publicly viewable for free, whereas many celebrities tend to value privacy over money.

Overall, rental costs have risen by more than 50 percent over the past 10 years.

The company also cut summer capacity on recession fears.

Traders and retail customers drove the bank’s revenues and earnings higher in the first quarter, highlighting continued strength in consumer spending.

‘These taxpayer-funded benefits should be only for eligible taxpayers,’ said White House press secretary Karoline Leavitt.

The Department for Business and Trade said it was working “at pace” to ensure that there is a steady pipeline of materials to keep the furnaces burning.

The probe will assess current and projected demand for semiconductors and pharmaceuticals in the country, among other factors.

Union officials also said they are “hopeful” that the coal and iron ore required at the North Lincolnshire works will arrive within the next 48 hours.

The president said that the entire electronics supply chain would be examined as part of what he called a national security tariff investigation.