![European American Chamber of Commerce New York [EACCNY] | Your Partner for Transatlantic Business Resources](https://eaccny.com/wp-content/uploads/2020/06/eaccny-logo.png){kind=logo}
Transatlantic News
Transatlantic News
09
May
NEW YORK—The Federal Reserve Bank of New York’s Center for Microeconomic Data today released the April 2025 Survey of Consumer Expectations, which shows that inflation expectations were unchanged over the short term, increased over the medium term, and decreased over the longer term. Labor market expectations largely deteriorated in April, with households having lower expectations for both earnings growth and finding a job. Households also expect lower income growth over the next year, and their perceptions about both their current...
08
May
WASHINGTON D.C. — Today, the United States and the United Kingdom announced a historic trade deal – providing unprecedented access to the U.K. markets while bolstering U.S. national security.
The reciprocal tariff rate of 10%, as originally announced on Liberation Day, will remain. The trade deal will increase tariff revenue dramatically, bringing in billions of dollars in new revenue.
The deal removes longstanding U.K. market barriers creating a $5 billion opportunity of new exports for U.S. farmers, ranchers, and producers. These exports include...
08
May
By Oscar Arce, Agostino Consolo, António Dias da Silva and Marco Weissler | Foreign workers play an increasingly important role in the euro area labour markets. This ECB blog analyses the effects migrants had on growth across the largest countries in recent years. It also discusses changing labour market participation patterns among foreign workers.
Sluggish productivity growth and weak capital accumulation have hampered post-pandemic recovery in the euro area. Amid this weakness, population growth and increasing labour force participation stabilised the...
07
May
The European Central Bank (ECB) welcomes the European Commission’s targeted consultation on the application of the market risk prudential framework. Market risk is a significant risk for banks and was one of the main causes of the global financial crisis. Geopolitical risks, including trade tensions and ongoing military conflicts are having an impact on financial markets. We know from experience that adverse developments in financial markets can materialise very suddenly and with a highly amplified impact, for example through...
07
May
The European Economic and Social Committee (EESC) demands urgent action from the European Commission and EU Member States to dismantle barriers fragmenting the single market and keeping living costs high, even as inflation rates fall.
Despite steadily decreasing inflation in Europe, cost of living remains a concern, as millions of Europeans — especially the 94.6 million people at risk of poverty or social exclusion — continue to struggle with elevated prices.
In its opinion How single market dysfunctionalities contribute to the rising...
07
May
Global Commodity Prices Expected to Drop to Six-Year Low by 2026
WASHINGTON, April 29, 2025—Faltering economic growth is coinciding with ample oil supply in ways that are expected to drop global commodity prices to their lowest level of the 2020s, according to the World Bank’s latest Commodity Markets Outlook. The decline could moderate near-term inflation risks emerging from rising trade barriers, but it could also hamper prospects for economic progress in two out of every three developing economies.
Global commodity prices...
06
May
By Gert Bijnens, John Hutchinson and Arthur Saint Guilhem | Lasting high energy prices are putting pressure on industries all across Europe. This is hitting some regions, such as southern Germany, the Ruhr and northern Italy, harder than others. The ECB Blog examines the implications for employment.
High energy costs threaten the competitiveness of European firms and weigh on employment. Based on firm-level data, we estimate that a permanent rise of 10% in electricity prices could reduce employment in energy-intensive...
06
May
EIB teams up with bourse Euronext to help European aerospace and defence entrepreneurs raise finance publicly
EIB Advisory accord covers Euronext stock-listings programme planned for later this year
Deal to empower next generation of European innovators
The European Investment Bank (EIB) is joining forces with bourse Euronext to bolster small and Mid-Cap companies in Europe’s aerospace and defence industries. Under an advisory agreement, the EIB will support Euronext in setting up a programme to ensure scale-up companies in...
Other Chapter News
