scheduled to be reduced Federal Reserve officials (US Central Bank) The pace of raising interest rates again next week amid signs of slowing inflation, while the jobs report next Friday may show a steady demand for workers, which improves the chances of a soft landing for the largest economy in the world. Policymakers are preparing … Read more
The US PMI Composite Production Index came in at 46.6 in January, up from 45.0 in December. This means that the decline in business activity eased to the slowest in three months. But it was another decline, as every number below 50 means a decline in economic output. The main drivers of deflation were the … Read more
3.5 MILLION ounces of gold reserves discovered At the end of 2020, a gold resource of 3.5 million ounces was detected in the mining area located in the Söğüt district of GÜBRETAŞ, one of the subsidiaries of Turkish Agricultural Credit Cooperatives. Taking action after the detection, GÜBRETAŞ established a separate mining company to extract the … Read more
Max Pacioretty was placed on injured reserve by the Carolina Hurricanes on Friday because of a torn Achilles. The forward left in the final minute of a 5-2 win against the Minnesota Wild on Thursday. He grabbed his right leg after making a pass near the Wild net and required help leaving the ice. Pacioretty … Read more
Bitcoin, the digital currency known for its volatility and decentralized nature, is making headlines again. In view of the evolution of the BTC price in recent days, some financial pundits, including former BitMEX CEO Arthur Hayes, have been speculating as to the potential impact of changes in monetary policy of the US Federal Reserve on … Read more
Author: Air Bank From April 1, 2023, Air Bank will charge interest on the entire overdraft amount. Until the end of March 2023, it is still possible to use an interest-free loan on an account of up to CZK 3,000, but from April, interest will be charged on any borrowed amount. Air Bank stated this … Read more
The Central Bank changed the required reserve ratios to support the Turkish lira. The required reserve ratio was reset to zero in TL accounts with a maturity of more than 3 months as an incentive. In addition, it was decided to apply zero percent required reserve ratios until the end of 2023 for the increase … Read more
Boston Fed President Susan Collins said she supports raise interest rates by a quarter of a percentage point during the next meeting on the first of February. And Collins attributed her support for that, to the fact that this will give officials more time to study the impact of the previous interest rate hike on … Read more
Jake DeBrusk was placed on long-term injured reserve by the Boston Bruins on Thursday with hand and lower-body injuries sustained in the 2023 Discover NHL Winter Classic on Monday. By being placed on long-term injured reserve, the forward, who is expected to be out four weeks, will be out a minimum of 24 days and … Read more
Minutes revealed monetary policy meeting For the Federal Reserve in December, which was announced yesterday, Wednesday, US Federal Reserve officials stick to fighting inflation, as they expect high interest rates to remain unchanged until further progress is made. At the meeting, when policy makers raised the key interest rate by another half percentage point, they … Read more