Tag Archives: inflation

The International Monetary Fund has reduced its forecast for the global economy, but this time with a loud warning, claiming that “The worst is yet to come, and for many people 2023 will feel like a recession”. “More than a third of the global economy will contract this year or …

Federal Reserve Bank of Cleveland President Loretta Mester reiterated on Tuesday that policymakers have not achieved much in their endeavors nor made any progress on lowering inflation.The US Dollar Index stays under bearish pressure despite these hawkish comments and was last seen losing 0.43% on the day at 112.70.Key Quotes“Monetary …

Coronavirus cases are increasing across China, prompting many local authorities to tighten control over movement. According to a model from Nomura, about 4.8% of China’s GDP was negatively affected by COVID controls as of Monday, October 10. This is up from 4.3% last week. According to official announcements, three districts …

After 35 hours of consultations, the German Gas Committee on Monday presented its statement to the German government regarding its recommendations for the terms of the gas price support program in Germany. The committee’s statement addressed the following points: The cost of the proposed gas price support package is estimated …

Data on Monday, October 10 showed that Turkey’s unemployment rate fell 0.4 percentage points month-on-month to 9.6% in August, while the seasonally adjusted underutilization of the labor force fell to 19.8%. The rate of incomplete exploitation of the labor force, which amounted to 22.4% in July, has taken a downward …

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 …