Economic News Category

High inflation will persist this year, slowing global growth   Persistently high inflation will haunt the global economy this year, according to a poll of economists that have slashed their global growth outlook on fears of slowing demand and the risk of interest rates falling growing faster than planned so far. This represented a dramatic

US Federal Reserve plans to raise interest rates from March to ease inflation Behave as instantaneously demanding situations for the threat urge for food and the USD/JPY pair. “Japan`s each day remember of latest COVID-19 instances hit but any other report of over 70,000 on Wednesday because the extra transmissible Omicron variation keeps its fast

The crypto gold standard statement is fading fast The volatility of US-focused financial markets has made at least one point clear: bitcoin is not a “digital gold” or a “store of value,” just two major assertions being made. out about cryptocurrency when its price is rising. At $37,000, late Tuesday afternoon, bitcoin is down 22%

Shares in Hong Kong and Japan fall as Asia-Pacific markets fall on Wall Street volatility Shares in Japan and Hong Kong fell 2% as Asia-Pacific markets fell on Tuesday following a volatile overnight session on Wall Street. Japan’s Nikkei 225 fell nearly 2% as auto and technology shares largely fell, while Topix fell 1.83%. Hong

US housing starts to increase unexpectedly in Multi-family apartment buildings Construction of new homes in the United States unexpectedly picked up in December at the fastest pace in nine months, led by apartment projects and showing that builders were looking to remedy the situation Shortage of materials and labor. According to government data released on