Turkey’s new central bank governor, formerly at Amazon and New York Fed, seen as a ‘credible choice’
Turkey’s newly appointed central bank governor, Fatih Karahan, has his work cut out for him, after being named to the…
Stock market in a ‘very dangerous’ position as jobs and wages run hot, fund manager says
The U.S. stock market is in a “very dangerous” spot as persistently strong jobs numbers and wage growth suggest the…
Bank of England could be about to open the door to interest rate cuts
LONDON — The Bank of England is widely expected to hold interest rates steady at 5.25% on Thursday, but market…
A change to this one clause could be the most important part of the Fed meeting
Immediately after the Federal Reserve wraps up its meeting this week, all eyes are likely to gravitate to one small…
Stocks are the ‘asset class of choice’ as markets are now used to bad news, strategist says
Geopolitical risks may be mounting, but stocks are still the “asset class of choice,” according to Beat Wittmann, partner at…
Fed’s favorite inflation gauge rose 0.2% in December and was up 2.9% from a year ago
An important inflation gauge released Friday showed that the rate of price increases cooled as 2023 came to a close.…
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…
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…
Turkish lira hits fresh record low against the U.S. dollar
The Turkish lira hit a fresh record low against the U.S. dollar on Thursday, trading at 30.005 to the greenback…
Fed Governor Bowman adjusts rate stance, says hikes likely over but not ready to cut yet
Federal Reserve Governor Michelle Bowman, who had been one of the central bank’s staunchest advocates for tight monetary policy, said…
