Turkey inflation up near 70%, highest since 2022
Turkish annual consumer price inflation climbed to 69.8% in April, official data showed on Friday, a bit below expectations but the highest since late-2022 on strong rises in education, restaurants ...
The Motley Fool10d
CD Rates Could Stay High for a While. Here's Why That's Actually Bad News for Savers
Many CD rates currently top 5.00% and may stay that way for the foreseeable future. While this is a competitive yield, the reason rates are so high is because of inflation. Inflation is generally ...
The Star11d
Insight - How long can subsidies keep inflation down?
AS inflation ... rate down? The government estimates that without subsidies, inflation could hit 11%; the consumer price index (CPI) rose 3.4% year-on-year (y-o-y) in June, 2022, versus 2.8% ...
Reuters4d
Fed leaves rates unchanged, flags 'lack of further progress' on inflation
U.S. central bankers still believe the current policy rate ... raised its benchmark policy rate by 5.25 percentage points in 2022 and 2023 to curb a surge in inflation. Powell's remarks on ...
Business Daily Africa on MSN6d
State costs outpace taxes despite President Ruto’s pledge
The cost of running the national government has risen faster than tax receipts in the current financial year, going against ...
CNET5d
Fed Won’t Budge on Interest Rates Until Inflation Is Conquered
After the Fed raised interest rates 11 times between March 2022 and July 2023, inflation initially responded, falling from its high of 9.1% in June 2022 ... continues its current upward trend ...
The Washington Post6d
Fed stares down rising inflation and a murky path to rate cuts
It wasn’t long ago that the Federal Reserve looked on track to cut interest rates this spring. But those optimistic days sure feel like they’ve slipped away. Since the start of the year ...
The Guardian5d
US Federal Reserve holds interest rates steady as inflation ticks up
But the rate rose in February and March, reaching 3.5% in March. Inflation peaked in June 2022, when the inflation ... longer they should maintain the current rate. “Inflation is moving sideways ...
Chicago Sun-Times5d
Interest rates to remain at 2-decade high until inflation further cools, Fed says
Its holdings have fallen to about $7.4 trillion, down from $8.9 trillion in June 2022 ... current level of interest rates might not be high enough to have the cooling effect on the economy and ...
Cleveland.com10d
Fed's preferred inflation gauge shows price pressures stayed elevated last month
After peaking at 7.1% in 2022, the Fed’s ... “If higher inflation does persist,” he added, “we can maintain the current level of (interest rates) for as long as needed.” ...
This is Money6d
Europe set for June interest rate cut as inflation stabilises and economy picks up momentum
The European Central Bank looks set to become the first among global peers to begin cutting interest rates after consumer price inflation ... current level of monetary policy tightening in June.' ...