When Donald Trump was reelected in November, many investors declared the so-called Trump Trade would spur US stocks to new highs. But markets are now spooked by fears the world’s largest economy is close to...
The European Central Bank (ECB) has announced a quarter-point interest rate cut amid slowing inflation. However, it said that high prices continued to put pressure on consumers despite increases in wages. The European Central Bank (ECB) on...
The market put more weight on the rise in the US ISM manufacturing survey than the downward revision to the manufacturing PMI and the unexpected back-to-back decline in construction spending. US rates shot up and...
Turkey has increased its base interest rates by a whopping 6.5%, the clearest indication yet that the unconventional economic policy dubbed “Erdonomics” might be history now in Recep Tayyip Erdogan’s new government. Turkey’s central bank delivered...
Seeing the drama he inspired on Tuesday, the Fed chair tried soft-pedaling the idea that he was signaling a 50 bp hike in March. The market did not buy it. And the odds, discounted by...
The European Central Bank (ECB) has raised deposit interest rates by half a percentage point to 2.5%. The move comes despite slowing inflation in the eurozone. The European Central Bank on Thursday announced a large...
In India, the priority sector is a set of sectors identified by the Reserve Bank of India (RBI) as being of strategic importance for the country’s development. Credit push to the priority sector refers to...
Experts are constantly warning that countries such as the United States and the United Kingdom may face a recession amid the global recession. Meanwhile, the Indian rupee continued to depreciate due to the slowdown in...
Following surprisingly high inflation numbers in August, the US Federal Reserve raised benchmark interest rates for the third time this year. The US Federal Reserve, commonly known as “the Fed,” has raised interest rates by 75 basis...
The sell-off in European bonds continues today. The 10-year German Bund yield is around four basis points higher to bring the three-day increase to about 22 bp. The Italian premium over Germany has risen by...
Beijing this week slashed interest rates to boost demand after its zero-COVID policy and a property crash rocked the economy. China’s woes will hurt global growth but could also help to cool inflation. As growth...
The bank has ended an era of negative interest rates with a higher-than-expected hike. The move could put a brake on rising prices but might also dampen economic growth. The European Central Bank on Thursday raised its key...