US Federal Reserve Leaves Interest Rates Unchanged as Inflation Looms
Key Insights The US Federal Reserve has decided to maintain the interest rate at 5.25–5.5%. Inflation remains a concern. The…
Germany Faces Economic Challenges as Prolonged Recession Looms in 2023
Key Insights Germany’s economic forecast for 2023 has been downgraded by the European Commission The downturn is attributed to the…
Bank Chief Economist Fears: Germany Is at Risk of Losing “AAA” Rating
Key Insights Moritz Kraemer, chief economist at Landesbank Baden-WĂĽrttemberg (LBBW), warns that Germany could lose its AAA rating due to…
US Credit Rating Downgraded for the First Time in 12 Years: What will this lead to?
Key Insights Ratings agency Fitch downgraded the US credit rating from the highest level AAA to a notch lower. This…
US Federal Reserve Raises Base Rate to 22-Year High
Key insights The US Federal Reserve returned to raising rates after a short break. It has been raised to a…
Turkey’s Central Bank Raises Key Rate to 17.5%
Key Insights The Turkish Central Bank raised its key rate from 15% to 17.5%. This is the second increase since…
Why the Dollar Fell Against World Currencies to It’s Lowest of 2022
Key Insights The US dollar index (DXY) has experienced a 4% decline since June, reaching its lowest value since April…
Can Raising Interest Rates Truly Tame Inflation?
Key Insights Raising interest rates as the primary tool to address inflation may have unintended consequences. Supply shortages and profiteering…
US Debt Ceiling Default 2023: What is the reason and what are the risks?
Key Insights Democrats and Republicans failed to reach a consensus during negotiations over the increase in the US national debt…