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…
Thursday’s GDP report expected to show the U.S. economy at a crossroads
Economic growth likely slowed to its weakest pace in a year and a half to end 2023, possibly setting 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…
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…
Weekly jobless claims post lowest reading since September 2022
The labor market continued to show surprising resiliency in the early days of 2024, with initial jobless claims posting an…
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…
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…
Thursday’s inflation report could challenge the market outlook for big Fed rate cuts
Economists expect that inflation nudged higher in December, a trend that could call into question the market’s eager anticipation that…
