Turkey’s central bank says inflation is set to hit 58% — more than double its previous estimate
Turkey’s central bank expects inflation to hit 58% by the end of 2023, its new governor Hafize Gaye Erkan said…
GDP grew at a 2.4% pace in the second quarter, topping expectations despite recession calls
The U.S. economy showed few signs of recession in the second quarter, as gross domestic product grew at a faster-than-expected…
European Central Bank raises rates by a quarter percentage point, says inflation set to remain ‘too high for too long’
The European Central Bank on Thursday announced a new rate increase of a quarter percentage point, bringing its main rate…
CME Group CEO Terry Duffy: Manage your risk because everyone I’ve talked to got Fed ‘dead wrong’
It’s vital for investors to manage risk right now no matter where interest rates go, according to CME Group CEO…
Fed approves hike that takes interest rates to highest level in more than 22 years
WASHINGTON – The Federal Reserve on Wednesday approved a much-anticipated interest rate hike that takes benchmark borrowing costs to their…
15 years of low interest rates reshaped the U.S. economy. Here’s what’s changing as rates stay higher for longer
The United States is entering a new economic era as the Federal Reserve has been hiking its benchmark interest rate.…
What new norm of slower Chinese growth could mean for the global economy
The Chinese economy could be facing a prolonged period of lower growth, a prospect which may have global ramifications after…
A ‘momentous week’ ahead as the Fed, ECB and Bank of Japan near pivot point
The U.S. Federal Reserve, Bank of Japan and European Central Bank will all announce key interest rate decisions this week,…
UK inflation rate slides to 7.9% in June, below expectations
LONDON — U.K. inflation cooled significantly in June, coming in below consensus expectations at 7.9% annually. Economists polled by Reuters…
Ukraine seeks to lure global firms from Moscow as Danone and Carlsberg assets seized
Ukraine is urging global companies to divest from Russia and relocate to its war-stricken neighbor, as Moscow continues to seize…
