Today: 16. Nov, 2024
In a significant policy reversal, Turkey’s central bank has raised interest rates to 15%, almost doubling the previous rate. This bold move aims to combat the country’s persistently high inflation, which, despite showing signs of improvement, remains a cause for concern. President…
Wall Street seems set to end the week with a first loss in the past six weeks, following another fall in stocks on Friday. The S&P 500 experienced a 0.6% decrease during the morning trade, extending its drop from last week when…
Wall Street is slowing its five-week surge, witnessing another slight retreat. Midday trading saw the S&P 500 fall by 0.4%. The index is on track for its third consecutive withdrawal, following last week’s peak, the highest in over a year. As of…
A new annual report from the Federal Reserve suggests that the overall financial health of Americans has taken a hit. The recent report, which focuses on the economic stability of U.S. households, was released last week. The study from 2022 revealed that…
Facing an indefinite economic future, Fed Chair Jerome Powell has halted the rise after a streak of ten meetings resulting in interest rate hikes. In the first in over a year, the Federal Reserve announced it would maintain its benchmark interest rate…
Recent economic data over the past month underline the enduring nature of inflation and the unyielding vitality of the labour market in the United States. This could lead to further rate hikes from the Federal Reserve, according to economists, yet investors seem…
On Thursday, Wall Street experienced a significant surge after an initial weak performance, navigating through the complex economic data, which did not provide a concrete direction for the economy’s future or inflation. The S&P 500 registered a 0.7% increase in midday trading,…
Shares advanced as diminished inflation data reinforced Wall Street’s anticipation that the Federal Reserve will refrain from escalating interest rates this week. The S&P 500 increased by 0.4% in the morning trading session, moving further into territories not visited since April 2022.…
In a move to address persistent inflation and the remarkable resilience of the Canadian economy, the Bank of Canada has raised its benchmark interest rate by a quarter percentage point. This decision marks a significant shift in policy, as the bank had…
On Wednesday, U.S. stocks lingered on the brink of ushering in a new bull market phase for Wall Street. The S&P 500 displayed a slight decline of 0.2% during afternoon trades after retreating from an earlier advance that exceeded the 4,292.44 mark.…
