Morning Coffee Daily News Summary - 16 May 2025

From oil price fluctuations to employment surges and economic growth statistics, today’s news highlights key economic indicators shaping the financial landscape.

Good morning,

Here is your Morning Coffee Daily News Summary for 16 May 2025.

Fed's Interest Rate Strategy: Federal Reserve Chair Jerome Powell spoke on forthcoming changes to the Fed's rate-setting framework, acknowledging a potential shift from the 'lower-for-longer' interest-rate era.

UK Economic Growth Reported: The UK economy grew by 0.7% in the first quarter, outperforming both the US and Eurozone.

Eurozone Growth Lag: The Eurozone economy's growth was less robust than previously estimated, despite factory output increases.

Geopolitical Risks Highlighted: The European Central Bank warned that investors are underestimating risks to the global economy.

Australian Employment Surge: Australia’s job growth in April exceeded expectations, potentially complicating future rate cuts by the Reserve Bank of Australia.

Oil Prices Decline: Oil prices fell following a surprise increase in US crude inventories, impacting market outlook.

Have a great day ahead.