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Transatlantic News
Transatlantic News
14
Mar
Ahead of tomorrow's World Consumer Rights Day, the Commission has published the 2025 Consumer Conditions Scoreboard, which shows that 68% of European consumers feel confident about the safety of the products that they buy, with 70% trusting that their consumer rights are respected by traders. However, data from the Scoreboard also shows that online risks for consumers persist, including scams, fake reviews, and misleading advertising practices.
Commissioner for Democracy, Justice, the Rule of Law, and Consumer Protection, Michael McGrath, said: “The...
13
Mar
Anonymised data on individual banks in the entire euro area will be available to academic researchers
Several access modes will be tested with a view to establishing a permanent framework for research access to ECB data
The European Central Bank (ECB) today launched a pilot project to facilitate research access to data it collects from the financial sector. The initiative aims to promote independent research, enhance cross-country economic analysis and promote a deeper understanding of financial dynamics within the...
13
Mar
Simulations that incorporate machine learning-based predictions of conflict suggest large payoffs from preventive policies, including efforts to promote macroeconomic stability and growth
Blog post by Franck Bousquet, Paul M. Bisca, Christopher Rauh, Benjamin Seimon | Macroeconomic policy can play a key role in preventing armed conflict, in turn saving lives and avoiding injuries, forced displacement and migration, and vast damage to the economy.
That’s according to new IMF research, based on policy simulations incorporating machine learning-based predictions of conflict. The paper finds that every $1...
12
Mar
On 12 March, the United States imposed tariffs of up to 25% on imports of steel, aluminium, and certain products containing steel and aluminium from the European Union and other trading partners. In response, the Commission is launching a series of countermeasures to protect European businesses, workers and consumers from the impact of these unjustified trade restrictions.
Context: measures and countermeasures imposed under the previous Trump administration
In June 2018, the first Trump Administration introduced tariffs on European steel and aluminium...
12
Mar
ECB wage tracker, updated with agreements signed up to 19 February 2025, broadly unrevised compared to data release following January Governing Council meeting
Forward-looking information continues to suggest that negotiated wage pressures will ease overall in 2025
Forward-looking information from the wage tracker should not be interpreted as a forecast
The European Central Bank (ECB) wage tracker, which only covers active collective bargaining agreements, indicates negotiated wage growth with smoothed one-off payments of 4.7% in 2024 (based on an...
11
Mar
The Council reached a political agreement today on a new EU directive (DAC9) that will improve administrative cooperation in the field of taxation.
The objective of this legislation is to enhance cooperation and information exchange on minimum effective corporate taxation to better fulfil the filling obligations that multinational enterprise groups and large-scale domestic groups have under the Pillar 2 of the G20/OECD global agreement. This international deal was reached to avoid base erosion and profit shifting, ensuring that large corporations...
11
Mar
NEW YORK—The Federal Reserve Bank of New York’s Center for Microeconomic Data today released the February 2025 Survey of Consumer Expectations, which shows that households’ inflation expectations increased slightly at the short-term horizon but remained unchanged at the medium- and longer-term horizons. Households expressed more pessimism about their year-ahead financial situations in February, while unemployment, delinquency, and credit access expectations deteriorated notably. Meanwhile, spending growth expectations rose significantly. Average quit probabilities among those employed fell to the lowest level since...
10
Mar
Federal bank regulatory agencies today reported in the 2024 Shared National Credit (SNC) report that credit risk associated with large, syndicated bank loans remains moderate. However, the agencies noted weakened credit quality trends continue due to the pressure of higher interest rates on leveraged borrowers and compressed operating margins in some industry sectors.
The agencies also noted that the magnitude and direction of risk in 2025 is likely to be impacted by borrowers' ability to manage interest expenses, real estate...
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