Turkey’s central bank hikes interest rate to 30%
The move is a 500-basis point jump from the month prior, as Ankara continues to battle double-digit inflation. The central
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Breaking News: Economy
Swiss National Bank holds rates unchanged, ending hike streak
The Swiss National Bank kept interest rates unchanged at its quarterly monetary policy meeting on Thursday. Source link
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Fed declines to hike, but points to rates staying higher for longer
The Federal Reserve on Wednesday released its decision on interest rates and updates on the economy. Source link
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UK inflation dips to 6.7%, below expectations as food prices ease
U.K. inflation came in at 6.7% in August, below expectations and down slightly from the previous month. Source link
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Trump bemoans high interest rates and indicates he might pressure Fed to lower
Trump indicated that if he gets another term, he might pressure Federal Reserve Chair Jerome Powell to loosen monetary policy.
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Ray Dalio says to hold cash ‘temporarily’ — but don’t buy debt and bonds
Amid mounting concerns over rising interest rates and inflation levels Bridgewater Associates’ founder Ray Dalio said he prefers cash over
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Cash vs. stocks: The pros weigh in on where to invest for the rest of the year
The pros weigh in on whether it's a good idea to stay in cash for the remainder of the year.
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More companies, especially airlines, warn higher costs will eat into profits
UPS and airlines are digesting big new labor deals, while Hollywood and the auto industry are at odds with unions.
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Russia’s inflation spike sets Kremlin and central bank on collision course
Russia's rising inflation and plunging currency have spotlighted an emerging discord between the Kremlin and the country's central bank. Source
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