Turkey Hits the Brakes: Shock Rate Hike Signals End of Easing Cycle
In a move that caught markets off guard, Turkey’s central bank raised its benchmark interest rate from 42.5% to 46% on Thursday, effectively ending the easing cycle it began in December.
Treasury Yields Climb as Powell Flags Inflation Risks from Tariffs
U.S. Treasury yields climbed on Thursday following Federal Reserve Chair Jerome Powell’s warning that new tariffs could fuel inflation and hinder economic growth
Europe Markets Open Lower Amid Chip Sector Decline
European markets started the day on a cautious note, with the pan-European Stoxx 600 index opening 0.8% lower following recent gains.
U.S. Inflation Rate Falls to 2.4% in March, Core at 4-Year Low
Consumer price inflation in the United States eased more than anticipated in March, marking a significant downturn as President Donald Trump prepared to impose tariffs on U.S. trading partners.
India Slashes Interest Rates Amid Global Trade Tensions
In response to escalating global uncertainties, India’s central bank has cut its key interest rate by 25 basis points to 6.00%, marking its second consecutive reduction this year.
Trump’s Trade War: A New Threat to Global Climate Efforts
US President Donald Trump's latest trade policies are not just shaking up the global economy but are also dealing a blow to efforts aimed at tackling climate change.
EU Prepares Robust Response to Trump's Tariffs
Ursula von der Leyen, President of the European Commission, has unveiled a comprehensive strategy to counter United States President Donald Trump's latest tariff threats.
Uncertainty Looms as U.S. Economy Grows 2.4% in Q4 2024 Amidst Policy Shifts
The U.S. economy showed resilience with a 2.4% growth in the final quarter of 2024, buoyed by robust consumer spending, according to the latest report from the Commerce Department.
Asia Remains the Driving Force of Global Economic Growth
Despite rising global economic uncertainties, Asia continues to be a key driver of global growth, according to a report released at the Boao Forum for Asia (BFA) on Tuesday.
U.S. Economy Faces Unexpected Contraction Amidst Trade and Spending Concerns
The U.S. economy, recently touted for its resilience, has taken a sudden turn as economic indicators point towards a surprising contraction.
Bank of England Holds Rates Amid Economic Uncertainty
The Bank of England (BoE) is set to keep its key interest rate at 4.5% in its upcoming meeting, as economic challenges mount both domestically and internationally.
Bank of Canada Cuts Interest Rates Amid Warning of New Economic Crisis
The Bank of Canada has taken decisive action, slashing its key policy rate by 25 basis points to 2.75% amidst mounting concerns over inflation and economic slowdown exacerbated by trade tensions and tariffs imposed by President Donald Trump.
U.S. Economy Faces Spending Cut Shock
Treasury Secretary Scott Bessent warned of an impending "detox period" for the U.S. economy, citing its reliance on excessive government spending.
ECB Cuts Rates, Signals Less Restrictive Policy Ahead
In a significant move on Thursday, the European Central Bank (ECB) slashed its interest rates by 25 basis points, reducing the deposit facility rate to 2.5%.