Cryptocurrency
San Francisco Fed President Mary Daly, Atlanta Fed President Raphael Bostic and Chicago Fed President Austan Goolsbee gave messages about the interest rate cut and the course of inflation.
The core PCE data, which the Fed monitors carefully in terms of price movements in the USA, has been announced. Although the data came in line with expectations, it showed the fastest increase in the last year.
Pending home sales in the USA recorded the biggest decrease in 5 months with 4.9 percent in January.
Fed’s Mester still expects 3 interest rate cuts in 2024 following new inflation data.
International credit rating agency Moody’s reported that it expects G20 economic growth, which was 2.9 percent last year, to drop to 2.4 percent in 2024.
The Russian government banned gasoline exports for 6 months, starting from March 1.
Japan’s Nikkei 225 index reaches new records; Chinese markets are evaluating manufacturing data.
While the Turkish economy completed 2023 with 4.5 percent growth, the growth rate for the last quarter of the year exceeded expectations due to the impact of domestic consumption, despite the monetary tightening steps taken.
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