Why the Federal Reserve Won't Cut Rates Until the End of the YearAfter maintaining the highest benchmark interest rate (5.25-5.5%) in 23 years for seven consecutive times, the Federal Reserve System (Fed) suggests that people may have to wait until the end of 2024 for lower interest rates. President of the Federal Reserve Bank of Minneapolis Neel Kashkari mentioned the timing of the interest rate cut during […]
Ukraine's Economic Growth Deteriorates Thanks to RussiaThe Central Bank of Ukraine has reduced borrowing costs for the third consecutive time, weighing the economic impact of Russia’s attack on the country’s energy sector. The National Bank of Ukraine lowered the benchmark interest rate to 13% on the 13th (local time), a decrease of 50 basis points. This decision aligns with the median […]
Is Egypt Falling Into An Economic Crisis?Despite a sharp depreciation of the currency and the historic measure of raising the price of subsidized bread, Egypt’s inflation rate has tempered to its slowest pace in a year and a half. The Central Agency for Public Mobilization and Statistics (CAPMAS) announced on the 10th (local time) that consumer prices in North African urban […]
NYSE Feels the Chill as Fed Considers Tightening the Purse StringsCommittee Members Discuss Possibility of Interest Rate Hike The New York Stock Market fell as the minutes of the Federal Open Market Committee (FOMC) regular meeting in May were reportedly more hawkish than expected. On the 22nd (local time), the Dow Jones Industrial Average closed at 39,671.04, down 201.95 points (0.51%) from the previous trading […]
Fed Officials Question if Current Policies are Enough to Tame InflationMost Federal Reserve (Fed) members have questioned whether monetary policies are restrictive enough to bring inflation down to target levels.
Inflation Cooling: U.S. Consumer Prices Show Signs of ReliefThe major indices of the US stock market are showing strength on May 15 (local time) amid a slowdown in the rise of the US Consumer Price Index (CPI). The US Department of Labor announced on the same day that the April CPI increased by 3.4% compared to last year. Last month’s CPI matched the […]
Inflation-Driven Gold Rush: Price per Ounce Breaches $2300 for the First TimeAs expectations grew that U.S. inflation would not easily slow down, the price of gold futures broke through $2300 per ounce for the first time on March 3rd. On this day, the closing price of gold futures for June delivery on the New York Mercantile Exchange recorded $2315.0 per ounce, up $33.2 (1.5%) from the […]
Egypt's Inflation Rate Reaches 35.7% in FebruaryEgypt’s annual inflation surged in February. According to Capmas statistics on the 10th (local time), Egypt’s annual urban consumer price inflation surged from 29.8% in January to 35.7% in February, fueled by rising food and beverage prices. The central bank stated that core inflation, excluding fuel and some volatile foods, rose from 29% in January […]
Turkey's Inflation Hits Record High: Soars Nearly 70%Turkey’s annual inflation seems to have turned to the highest in 15 months, and the central bank is still on alert even after halting the interest rate hike. According to the median estimate of Bloomberg economists on the 4th, Turkey’s inflation rate is expected to reach 66% in February, accelerating for the fourth consecutive month. […]
More Electric Volvos on American Roads? U.S. Plant Expansion in SightVolvo mulls U.S. EV production expansion, possibly in Charleston, SC, to leverage tax deductions amid inflation reduction policies.
Why the Federal Reserve Won't Cut Rates Until the End of the Year After maintaining the highest benchmark interest rate (5.25-5.5%) in 23 years for seven consecutive times, the Federal Reserve System (Fed) suggests that people may have to wait until the end of 2024 for lower interest rates. President of the Federal Reserve Bank of Minneapolis Neel Kashkari mentioned the timing of the interest rate cut during […]
Ukraine's Economic Growth Deteriorates Thanks to Russia The Central Bank of Ukraine has reduced borrowing costs for the third consecutive time, weighing the economic impact of Russia’s attack on the country’s energy sector. The National Bank of Ukraine lowered the benchmark interest rate to 13% on the 13th (local time), a decrease of 50 basis points. This decision aligns with the median […]
Is Egypt Falling Into An Economic Crisis? Despite a sharp depreciation of the currency and the historic measure of raising the price of subsidized bread, Egypt’s inflation rate has tempered to its slowest pace in a year and a half. The Central Agency for Public Mobilization and Statistics (CAPMAS) announced on the 10th (local time) that consumer prices in North African urban […]
NYSE Feels the Chill as Fed Considers Tightening the Purse Strings Committee Members Discuss Possibility of Interest Rate Hike The New York Stock Market fell as the minutes of the Federal Open Market Committee (FOMC) regular meeting in May were reportedly more hawkish than expected. On the 22nd (local time), the Dow Jones Industrial Average closed at 39,671.04, down 201.95 points (0.51%) from the previous trading […]
Fed Officials Question if Current Policies are Enough to Tame Inflation Most Federal Reserve (Fed) members have questioned whether monetary policies are restrictive enough to bring inflation down to target levels.
Inflation Cooling: U.S. Consumer Prices Show Signs of Relief The major indices of the US stock market are showing strength on May 15 (local time) amid a slowdown in the rise of the US Consumer Price Index (CPI). The US Department of Labor announced on the same day that the April CPI increased by 3.4% compared to last year. Last month’s CPI matched the […]
Inflation-Driven Gold Rush: Price per Ounce Breaches $2300 for the First Time As expectations grew that U.S. inflation would not easily slow down, the price of gold futures broke through $2300 per ounce for the first time on March 3rd. On this day, the closing price of gold futures for June delivery on the New York Mercantile Exchange recorded $2315.0 per ounce, up $33.2 (1.5%) from the […]
Egypt's Inflation Rate Reaches 35.7% in February Egypt’s annual inflation surged in February. According to Capmas statistics on the 10th (local time), Egypt’s annual urban consumer price inflation surged from 29.8% in January to 35.7% in February, fueled by rising food and beverage prices. The central bank stated that core inflation, excluding fuel and some volatile foods, rose from 29% in January […]
Turkey's Inflation Hits Record High: Soars Nearly 70% Turkey’s annual inflation seems to have turned to the highest in 15 months, and the central bank is still on alert even after halting the interest rate hike. According to the median estimate of Bloomberg economists on the 4th, Turkey’s inflation rate is expected to reach 66% in February, accelerating for the fourth consecutive month. […]
More Electric Volvos on American Roads? U.S. Plant Expansion in Sight Volvo mulls U.S. EV production expansion, possibly in Charleston, SC, to leverage tax deductions amid inflation reduction policies.
Hot Topics