the US Federal Reserve decided, moments before, to raise interest rates by 75 basis points, to rise to 1.75%. \ The Fed statement stated that economic activity has rebounded after its decline in the first quarter, but inflation remains high in conjunction with high energy prices and price pressures, and the committee seeks to achieve maximum employment and inflation in...
Data released moments before by the US Census Bureau showed a decline in US retail sales, worse than market expectations, as sales fell by -0.3% in May, compared to a growth of about 0.9% in April's reading, while expectations indicated a growth of about 0.1%. Core sales, excluding car prices, recorded a growth of 0.5% in May, compared to a...
Today, Wednesday, June 15th, markets and traders focus on the meeting of the largest central bank in the world, the US Federal Reserve, which will discuss monetary policy developments and interest levels, as expectations indicate that interest levels may reach 1.50%-1.75%. The importance of today's meeting for the markets comes after the recent inflation data, which showed the return of...
The ZEW index, which measures business confidence in Germany, rose by about 6.3 in the June survey to -28.0, below expectations that indicated a rise to 26.9 - where the index's improvement in June was supported by an improvement in the assessment of the current economic situation by about 8.9 points. On the other hand, the index related to the...
The three main US stock indices recorded sharp declines when they closed the opening session of the week yesterday, Monday 13th of June, as the Dow Jones Industrial Average lost more than a thousand points before retreating and closing at a loss of 881 points, as the American markets were affected by the high expectations that the US Federal Reserve...
Cryptocurrencies are recording strong declines in the middle of trading today, Monday, June 13, coinciding with the decline in risk appetite in the markets, as the Bitcoin currency leads these declines, trading at its lowest level in a year and a half at levels of 24,000 thousand dollars, a decline of about 12.54% and a decline in the market value...
The US Federal Reserve dominates the week's events Inflation supports the gains of the US dollar Will the Swiss National Bank begin to tighten monetary policy miscellaneous economic data US CPI inflation figures concluded last week's events Friday after the US Bureau of Labor Statistics announced that inflation rose to 8.6% in May. Annual inflation in the USA rose to...
The data released a short time ago by the Canadian economy showed the addition of 40 thousand jobs in May after adding 15 thousand jobs in April, better than expectations that indicated the addition of about 28 thousand jobs. On the other hand, the unemployment rate declined to 5.1% in May, compared to 5.2% in April. In details, the services...
The data released moments before by the Bureau of Labor Statistics in the United States of America showed that the CPI, which measures inflation, rose by 1% in May, after rising by about 0.3% in April, to come better than expectations that indicated a rise to 0.7%, on the other hand, the main index stabilized Excluding food and energy prices...
The European Central Bank decided to keep zero interest rates unchanged in its meeting moments ago, as the markets had expected. The bank's statement stated that inflation rates represent a major challenge for the bank, and the bank must do everything in its power to return inflation to its 2% target. Inflation pressures have risen due to the impact of...