Turkey hikes interest rate again to 45% after inflation nears 65%
Turkey’s central bank on Thursday hiked its key interest rate by another 250 basis points to 45%. The hike to the…
Why that ‘last mile’ of the inflation fight may be more challenging
Inflation in the U.S. economy is on the retreat. But the road to ultimate victory may be harder than what’s…
No ‘economic collapse’: Top Citi strategist says healthier economic growth is coming
The global economy does not need a “collapse” in order to bring inflation back to target and return to sustainable…
Two important events this week could determine the future of Fed rate policy
Markets have become less convinced that the Federal Reserve is ready to press the button on interest rate cuts, an…
Fed’s Raphael Bostic expects rate cuts to happen in the third quarter
Atlanta Federal Reserve President Raphael Bostic expects policymakers to start cutting rates in the third quarter of this year, saying…
Retail sales rose 0.6% in December, topping expectations for holiday shopping
Holiday shopping turned out even better than expected in December as shoppers picked up the pace to close out a…
UK inflation rate surprises with rise to 4%, led by alcohol and tobacco
LONDON — U.K. inflation unexpectedly nudged upwards to 4% year-on-year in December, fueled by a rise in alcohol and tobacco…
Fed’s Christopher Waller advocates moving ‘carefully’ with rate cuts
Federal Reserve Governor Christopher Waller acknowledged Tuesday that interest rate cuts are likely this year, but said the central bank…
Deflation: Here’s where prices fell in December 2023, in one chart
As inflation continues to throttle back across the broad U.S. economy, some consumer categories have sunk into outright deflation. In…
Wholesale prices unexpectedly fall 0.1% in December in positive inflation sign
Wholesale prices unexpectedly declined in December, providing a positive signal for inflation, the Labor Department reported Friday. The producer price…
