American consumers’ short-term inflation expectations remained unchanged at 3 percent in February, remaining at the lowest level in the last 3 years.
Gold fluctuated after eight consecutive days of gains as investors watched Tuesday’s consumer price index release for clues about when the U.S. Federal Reserve might start cutting interest rates.
Unicredit Economist Erik Nielsen said that the European Central Bank could separate from the Fed and cut interest rates, and this should not be a concern for the ECB.
As the upward momentum in Bitcoin prices continues, the daily earnings of Bitcoin miners have reached an all-time high.
US President Joe Biden’s $7.3 trillion budget proposal for the 2025 fiscal year aims to reduce the budget deficit and reduce costs for American families by increasing taxes on the rich and large companies.
In a surprise move, the Central Bank of Argentina reduced interest rates to 80 percent as inflation cooled.
Asian markets mostly rose after corporate inflation in Japan beat expectations; Nikkei is falling further.
The Ministry of Treasury and Finance borrowed a total of 12.8 billion TL with two bonds, including pre-tender sales.
Deutsche Bank said that a 500 basis point interest rate increase from the Central Bank of the Republic of Turkey this month is ‘highly likely’.
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