Economy

The Fed's next monetary policy meeting is likely to result in a 0.5 percentage point rise in the base interest rate.

Fed chief Powell: We will continue to raise rates, only at a more moderate pace

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Federal Reserve Governor Jerome Powell confirmed central bankers would continue tightening monetary policy. Only at a lower rate than so far. The effects of monetary policy...

In response, the US dollar weakened 0.8 percent against the Japanese yen and fell 0.6 percent against the euro

Majority of Fed leadership sees an early slowdown in rate hikes, according to minutes...

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The US dollar weakened quite sharply against all major world currencies in the middle of the week. The expected release of the minutes from the...

The annual inflation rate in the European Union reached 11.5 percent in October. This is 0.6 percentage points more than in September. Prices increased by 1.4 percent month-on-month, Eurostat, the European statistical office, said.

Inflation in the European Union has risen again.The old member states are taking the...

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Highest inflation in Estonia Although it is still true that Estonia has the highest annual inflation, some of the old Member States of the European...

Almost half of the £55bn Jeremy Hunt wants to save is to be raised on the income side, the rest on the spending side.

Britain’s finance minister has unveiled a plan to consolidate the state budget. There will also...

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The head of Britain's state casino, Jeremy Hunt, has a plan to cut the state budget deficit. Using all sorts of measures on the spending...

Market Cap of the Big Five Tech Giants Slumped by $1.5T in Less than...

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According to data presented by TradingPlatforms.com, the Big Five tech giants have collectively lost over $1.5trn in market cap in less than a month. Amazon's Market...

UK gross domestic product fell by 0.2 percent quarter-on-quarter in the third quarter of this year. The island's economy thus entered recession as the first of the G7 group of the world's seven richest countries.

The British economy is in recession.And it may last the longest since World War...

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UK gross domestic product fell by 0.2 percent quarter-on-quarter in the third quarter of this year. The island's economy thus entered recession as the first...

The U.S. annual inflation rate reached 7.7 percent in October, the lowest in eight months.

U.S. inflation has fallen. Paradoxically, the dollar reacted to the good news by weakening

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The annual growth rate of consumer prices in the United States fell below eight percent in October. Inflation is thus the lowest since January this...

Chinese exports and imports unexpectedly fell. The risk of a global recession has increased

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October's Chinese foreign trade data caught experts by surprise. Both export and import volumes had unexpectedly fallen. In the case of imports, this is the first...

job market, labor market, news, newspaper

U.S. labor market shows resilience to worsened economic situation

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The number of unemployment aid applications in the United States fell surprisingly as of the end of October. The US labour market has thus shown...

European stock exchanges were split into east and west on Wednesday.

European stocks fall slightly, Asia goes in all directions, New York awaits rate decision

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Wednesday's trading on world stock exchanges was marked by nervousness. Markets are awaiting a monetary policy decision from the Federal Reserve, but it came...