Prices

Powell reinforces position that the Fed is not ready to start cutting interest rates

Federal Reserve Chair Jerome Powell on Wednesday reiterated that he expects interest rates to start coming down this year, but…

Egypt hikes interest rates by 600 basis points, pound crumbles to record low

Egypt’s pound hit a record low against the dollar on Wednesday after its central bank hiked interest rates by 600…

China’s central bank governor says there’s room to cut banks’ reserve requirements

BEIJING — The heads of China’s central bank and economic planning agency signaled that authorities would be willing to take…

Fed Chair Powell testifying to House on Wednesday. What investors are expecting

Federal Reserve Chairman Jerome Powell heads to Capitol Hill on Wednesday with markets intent on getting more clarity about how…

Nigeria battles to halt spiraling currency crisis and rising food insecurity

Nigeria is battling to contain a historic currency crisis and soaring inflation, with the International Monetary Fund on Monday warning…

Turkish annual inflation soars to 67% in February

Turkish annual consumer price inflation soared to 67.07% in February, the Turkish Statistical Institute said Monday, coming in above expectations.…

This shift in the Treasury market may set investors up for solid gains

Investor sentiment toward intermediate-term Treasury bonds may be changing. Schwab Asset Management’s David Botset is seeing more flows into bonds…

Turkey ends hiking cycle after 8 months, holding key rate at 45%

Turkey’s central bank held its key interest rate on Thursday, keeping it at 45% despite soaring inflation after eight consecutive…

Deflation: Here’s where prices fell in January 2024, in one chart

Inflation has pulled back significantly from its pandemic-era peak. In fact, some categories have fallen into outright deflation, meaning consumers…