Cryptocurrency
Fed Chairman Jerome Powell gave the message in his speech to the US House of Representatives that the Fed will not rush to cut interest rates.
Minneapolis Fed President Neel Kashkari signaled that the strong economic data since the beginning of the year would prompt the Fed to cut interest rates at most twice this year, or possibly just once.
The Fed’s Beige Book report stated that the economy has grown moderately since the beginning of the year, while consumers’ sensitivity to rising prices has increased.
New York Community Bank (NYCB), one of the US regional banks, which had problems after announcing a surprise loss in the last quarter of last year, reported that it increased capital by more than $1 billion.
Japanese stocks retreat from record highs; China trade data is better than expected.
Private sector employment in the USA increased by 140 thousand in February.
The Economic Research Institute (Ifo), one of Germany’s leading economic think tanks, revised the country’s growth forecast for this year downwards due to weak consumption and high interest rates.
The Central Bank of Egypt held an extraordinary meeting, raising interest rates and allowing the value of the currency to be determined by the market.
Within the scope of additional tightening steps supporting the tight monetary policy stance of the Central Bank of the Republic of Turkey (CBRT), a required reserve will be established based on credit growth.
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