The American Federal Reserve kept the benchmark interest rate at 5 - 5.25%. According to the Federal Reserve (Fed) of the USA, the basic interest rate was maintained at 5 to 5.25% per year following the outcomes of the June meeting. The choice matched expectations of the majority of analysts. The regulator chose to maintain the rate for the first time since January 2022. Due to the...

With an annual rate of 4%, US inflation dropped in May to its lowest level since March 2021. According to the US Department of Labor, US inflation dropped in May to its lowest level since March 2021 at an annualized rate of 4%. Consumer price increase in the United States peaked at 9.1% in June 2022 and has been progressively dropping ever since. The country's inflation rate was 5% in March 2023...

The US Securities and Exchange Commission's chairman claimed that there are numerous issues with the cryptocurrency market because of noncompliance on the part of its users. Gary Gensler, chairman of the SEC, stated that there is a wide range of non-compliance in the bitcoin industry at the Piper Sandler Global Exchange and FinTech conference.  Since there is such a wide range of...

According to Bloomberg, which cited industry analysts, regional banks may experience problems following the collapse of some major investment banks with comparable financial issues in the United States. Experts say that regional banks in the U.S. may soon face financial difficulties as a result of their massive loan debt for commercial real estate, which has grown to a total of 1.5 trillion...

The first quarter of this year saw a 0.1% decline in GDP in the euro area, according to figures from the European statistical office Eurostat. Similar GDP decrease in the fourth quarter of 2022 came before this. A recession is indicated by two consecutive quarters of falling GDP. Ireland experienced a major decline in GDP of 4.6%, which was the largest effect of the decline in the eurozone's GDP...

Oil prices may rise as a result of OPEC+'s decision to extend production cuts, according to Hirokazu Matsuno, Secretary General of the Japanese government. "We are aware that OPEC+ opted to extend oil output curbs through the end of 2024. Several nations have already declared production cuts at the beginning of April. Saudi Arabia has also planned to reduce oil production by 1 million barrels in...

Additional monetary policy tightening is required because inflation is still too high, said Christine Lagarde, Head of the ECB. Despite mounting indications that previous rate hikes are beginning to take effect, inflation in the euro zone is still too high, necessitating more monetary tightening, Christine Lagarde, president of the ECB, said on Thursday. Despite recent indications showing May's...

Australian corporations' investments increased significantly in the first quarter of this year, led by growth in capital expenditures in the mining, manufacturing, and transportation industries. Companies maintained their optimism on investments over the upcoming 12 months. The Australian Bureau of Statistics said on Thursday that real capital investment by businesses increased by 2.4 percent in...

China's manufacturing activity index (PMI) was only 48.8 points in May, according to the National Bureau of Statistics of China, which indicates a fall in activity (less than 50 points). The May index dropped to a five-month low, the level from last December, when China relaxed COVID-19 restrictions, and fell below the forecast of 49.2 points by analysts surveyed by Reuters. Investors were...