Tag Archives: inflation

In February 2024, annual inflation rates in Turkey surged to 67.07%, slightly surpassing expectations of 65.74%. This uptick followed a modest increase in January of the same year, where inflation stood at 64.86%. Over the period spanning from 1965 to 2024, Turkey has experienced an average inflation rate of 35.06%. …

The US Dollar Index (DXY) is trading near 104.130, up for Thursday’s session, with the Core PCE Price Index matching predictions. Markets continue delaying rate cuts from the Fed, favoring the Greenback. Personal Consumption Expenditures (PCE) showed no surprises, and the Fed won’t rush to cut rates if there’s no …

After the announcement of the data, the dollar has stabilised in a relatively narrow range. The dollar appears reluctant to break free from the level in any direction, but it is currently trading up 0.05% at 103.969 after fluctuating about 104.00. The PCE data mostly matches expectations. Stocks are up …

Turkey’s economy exceeded expectations in the fourth quarter of 2023, growing by 4.0 percent, surpassing forecasts despite challenges posed by a slowdown in major trading partners and the impact of devastating earthquakes in February. Full-year growth stood at 4.5 percent, buoyed by robust domestic demand. Fourth Quarter Performance: Resilience Amidst …

Thanks to recent slew of data on economic growth and a decline in US Treasury yields, the price of gold is stable around $2034 per ounce. Concerns about policy easing from the Fed and mixed US economic data keep gold investors on edge. Gold’s advances are limited by the 50-day …

President of New York Federal Reserve (Fed) John Williams noted on Wednesday that the Fed is likely to begin cutting interest rates in 2024, albeit in the latter half of the year.Key QuotesInflation pressures have fallen amid broad-based improvement.The path back to 2% inflation is likely uneven.Incoming economic data will …

In case inflation unexpectedly makes a comeback, the world’s largest central banks will carry out their mandated duties and fight back. This has obviously become a main concern since the beginning of 2024. In order to return US inflation to low pre-pandemic levels, the US central bank is likely to …

Introduction: Gold Market Steadies Amidst Yield Retreat and Dollar Uptick Gold prices found stability on Wednesday as a retreat in yields on US Treasury bonds partially offset the impact of a stronger dollar. Traders remained vigilant for key inflation data releases and statements from US Central Bank officials, seeking clues …

Earlier in the day, the EUR/USD pair was stuck in the middle at 1.0850. Tuesday’s US Durable Goods Orders fall in January was more than expected, and there was little to move the pair in either way. On Wednesday, investors will be watching for the most recent US Gross Domestic …

Dollar Resumes Decline Amidst Yield Slowdown and Market Anticipation In European markets on Monday, the US dollar faced renewed downward pressure against a basket of global currencies, marking a continuation of losses halted in the previous session. This decline signals a trajectory towards testing the lowest levels seen in three …