Ukraine’s Foreign Minister Kubela Dmytro said on Thursday that fire from a tank had been recorded in Eastern Ukraine. This development comes after mortar fire and shelling throughout Thursday morning that was only reported to have stopped at 1:00 p.m. local time. As for the market’s reaction, the latest round …
Read More »US: Weekly Initial Jobless Claims rise to 248K
There were 248,000 initial claims for unemployment benefits in the US during the week ending February 12, the data published by the US Department of Labor (DOL) revealed on Thursday. This was above the median economist forecast for 219,000 initial claims and was also above last week’s 225,000 reading, which …
Read More »CBRT leaves policy rate unchanged at 14%
The Central Bank of the Republic of Turkey (CBRT) announced on Thursday that it left its policy (one-week repo) rate unchanged at 14% as expected.
Read More »FOMC Minutes: Most Policymakers Suggested Faster Interest Rate Hike
The minutes of the 25-26 January FOMC meeting, released on Wednesday, said that most participants suggested that a faster pace of increases in the target rate for the Federal Funds rate than in the post-2015 period would likely be warranted. Additional Quotes Participants continued to stress that maintaining flexibility to …
Read More »Russia’s Military: A Number of Drills Have Finished; Troops Are Expected to Return to Bases
“A number of drills have finished, troops are expected to return to bases,” Interfax reports, citing Russia’s military. “It continues set of drills involving almost all districts and navies.” “Some units of western and southern military districts have started returning to bases.”
Read More »Canada’s Trudeau invokes emergency powers in bid to end protests
Canadian Prime Minister Justin Trudeau activated rarely used emergency powers in the country in an attempt to end protests that have closed some border crossings with the United States and paralyzed parts of the capital. Under the emergency law, the government introduced measures aimed at cutting off funding to protesters …
Read More »US National Security Advisor: Russian invasion of Ukraine could begin any time
US National Security Advisor Jake Sullivan said on Friday that we are in the window where a Russian invasion of Ukraine could begin at any time and could happen during the Beijing winter Olympics.The US believes that Russian President Vladimir Putin has decided to invade Ukraine and already communicated those …
Read More »US Annual CPI Inflation Jumps to 7.5% in January
Inflation in the US, as measured by the Consumer Price Index (CPI), rose to 7.5% on a yearly basis in January from 7% in December, the US Bureau of Labor Statistics reported on Thursday. to be updated…
Read More »BoC’s Macklem: Global supply chain problems may have peaked
Macklem is speaking live to the Canadian chamber of commerce.Key QuotesCovid recovery phase is chance to make long overdue gains in Canadian productivity.Productivity growth is vital to economic growth, increasing wages without raising unit labour costs.US capital has moved to higher-productivity sectors in larger amounts than in Canada, ‘has been …
Read More »Lagarde: We continue to see risks to the economy as balanced in the medium-term
Eurozone inflation risks are on the rise but price pressures could still subside before becoming entrenched in expectations, European Central Bank President Christine Lagarde said on Monday. Pointing to mounting inflation risks, Lagarde opened the door last week to an interest rate hike later in 2022 and said that a …
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