S&P 500 climbs for eighth week, signaling strong market confidence
The S&P 500 witnessed a rise on Friday, contributing to an eighth successive winning week. This upsurge comes in the wake of milder inflation figures,...
Tag : Inflation
Global markets react positively to Federal Reserve’s rate cut outlook
The Federal Reserve’s recent announcement has stirred significant optimism in financial markets. The Federal Open Market Committee (FOMC), maintaining interest rates at their current 22-year...
Central bank of Turkey lifts benchmark interest rate to 35 percet amid inflation woes
In a decisive move to tackle rampant inflation, Turkey’s central bank announced a significant hike to its benchmark interest rate from 30% to 35% this...
Despite Federal Reserve’s pause, financial waters remain choppy for consumers
The conclusion of the Federal Reserve’s recent two-day policy meeting brought with it a decision to keep interest rates steady. This came as somewhat of...
Child poverty doubles as US grapples with post-COVID economy
As the US grappled with the aftermath of the COVID-19 pandemic, new data paints a bleak picture. Inflation-adjusted income witnessed a decline, while the child...
Belgium’s €22 billion bond sale signals low bank rate frustration
In a historic move, Belgium has successfully raised a staggering €21.9 billion ($23.65 billion) from retail investors through a bond sale, eclipsing previous records and...
China grapples with deflation as global concerns mount
China’s economic landscape is undergoing a seismic shift as it witnesses deflation for the first time since early 2021. Official data reveals a 0.3% decline...
Chinese Yuan hits record lows against surging US dollar
The yuan has hit new record lows against the surging US dollar, with the internationally-traded yuan reaching its lowest point since 2011 and China’s domestic...
Pakistan’s economy suffers major setback as IMF denies $6 billion loan
The International Monetary Fund (IMF) has dealt another blow to Pakistan’s economy by rejecting the country’s claim of fulfilling the conditions necessary to secure a...
Walmart to lay off over 2,000 workers in five states amid tough times ahead
Walmart, the largest private employer in the US, is set to lay off more than 2,000 workers from five of its fulfillment centers that cater...