central bank

From the Fed to the currency crisis in Europe, here's what's behind this massive sell-off in financial markets

From the Fed to the currency crisis in Europe, here’s what’s behind this massive sell-off in financial markets

Trader on the floor of the NYSE, June 7, 2022. Source: NYSE Stocks fell sharply, bond yields rose and the dollar strengthened on Friday as investors heeded the Federal Reserve’s signal that its battle with inflation could lead to much higher interest rates and a recession. Friday’s selloff was global, in a week the Fed …

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Turkish lira hits new high against dollar as investors brace for another rate cut

Turkish lira hits new high against dollar as investors brace for another rate cut

An electronic board displays information about exchange rates at a currency exchange office in Istanbul, Turkey, Monday, August 29, 2022. Nicole Tung | Bloomberg | Getty Images The Turkish lira hit a new record low on Thursday, trading at 18.377 against the dollar at 11:30 a.m. in Istanbul and continuing its fall of more than …

Turkish lira hits new high against dollar as investors brace for another rate cut Read More »

Turkish lira hits new high against dollar as investors brace for another rate cut

Turkish lira hits new high against dollar as investors brace for another rate cut

An electronic board displays information about exchange rates at a currency exchange office in Istanbul, Turkey, Monday, August 29, 2022. Nicole Tung | Bloomberg | Getty Images The Turkish lira hit a new record low on Thursday, trading at 18.377 against the dollar at 11:30 a.m. in Istanbul and continuing its fall of more than …

Turkish lira hits new high against dollar as investors brace for another rate cut Read More »

Stocks fall on dashed inflation hopes;  The S&P 500 loses 3%

Stocks fall on dashed inflation hopes; The S&P 500 loses 3%

NEW YORK — Stocks tumble and disappointment hits markets around the world on Tuesday, following the sudden realization on Wall Street that inflation is not slowing as much as hoped. Them&P 500 was down 3% in afternoon trading, threatening to snap a four-day winning streak. Bond prices also fell sharply, pushing up their yields, after …

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European Central Bank raises rates by 75 basis points to tackle soaring inflation

European Central Bank raises rates by 75 basis points to tackle soaring inflation

The European Central Bank on Thursday announced a 75 basis point hike in interest rates, taking its benchmark deposit rate to 0.75%. “This major step precipitates the transition from the very accommodative level of policy rates to levels that will ensure the rapid return of inflation to the ECB’s medium-term target of 2%,” he said …

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