Tag Archives: inflation

The US dollar strengthened against major rival currencies on Friday after US data showing employers hired more workers than expected in September, suggesting the Federal Reserve will likely stick to its aggressive tightening policy for now.The dollar reversed early losses against the Japanese yen and was last up 0.2% at …

US Treasury yields continue to rise, boosted by the latest interest rate hike expectations. Treasury yields rose to 3.799% from the previous daily close at 3.575%.A report issued Thursday by the Economist’s Research and Analysis Unit said that the institution “expects further rate hikes by the Fed in November and …

On Wednesday, in the context of prepared remarks to the Northwestern University Institute for Policy Research, Atlanta Fed president Raphael Bostic noted that the US Federal Reserve’s fight against inflation is “still in early days”. Despite “glimmers of hope” in recent data, Bostic said “the overarching message I’m drawing…is that …

Germany’s exports grew slightly more than expected in August, the German Federal Statistics Office said on Wednesday, despite a slowing global economy, rising interest rates and a shortage of materials. Strong demand from the United States and China boosted German exports to 133.1 billion euros ($132.59 billion) in August, up …

Turkey’s Trade Ministry announced on Tuesday that the country’s trade deficit jumped 298 percent year-on-year in September to $10.384 billion, as rising energy import costs continue to cause the deficit to grow. The data showed that exports grew by 9.2 percent to $22.62 billion in September, while imports jumped 41.5 …

Most economists expect the Reserve Bank of Australia to decide one more big rate hike on Tuesday before shifting to slower moves in the near future. With a majority of Australian mortgages on adjustable rates, policymakers could issue a decision that is weighing inflation control and currency support against a …

Official data showed on Monday that Turkey’s annual inflation jumped to a new peak representing a 24-year high of 83.45 percent in September, less than expected after the central bank surprised markets by cutting interest rates twice in the past two months despite high prices. The Turkish Statistical Institute said …

Stocks are having a mixed performance on Friday as traders looked to close out an awful week that brought the S&P 500 to a new 2022 low. The S&P 500 was up 0.55%. The Dow Jones Industrial Average gained 52 points, or 0.18%, while the Nasdaq Composite was 1.02% higher. …

Data published by the Turkish Statistical Institute on Friday showed that the country’s foreign trade balance deficit rose 159.9% year-on-year to $11.19 billion in August, affected by a 40.4 percent rise in imports. The data indicated that imports amounted to $32.53 billion, while exports rose by 13.1 percent to $21.34 …

The US dollar ended the day unevenly across the FX board, despite Wall Street resuming its decline and trimming all Wednesday’s gains. Treasury yields remained stable, with the 10-year note yielding 3.75% and the 2-year note 4.17%.Gold trades near its weekly high at the $1,664 level, while crude oil prices …