Wall Street tumbles as CPI report dampens interest rate optimism
U.S. stocks declined on Wednesday as investors reacted to unexpectedly high U.S. inflation data for January, which dampened...
Tag : Inflation
World merchandise trade to grow 2.7% in 2024, WTO forecasts
MENA Newswire News Desk: Global merchandise trade showed signs of recovery in the first half of 2024 with a...
Fed Chair Powell signals smaller rate cuts to keep economy in solid shape
MENA Newswire News Desk: Federal Reserve Chair Jerome Powell reiterated Monday that the central bank will take necessary...
Gold price hits new all-time high amid macro uncertainties
MENA Newswire News Desk: Precious metals are shining brighter as gold hit an all-time high of USD 2,607...
Fed cuts rates by half point amid slowing job gains
MENA Newswire News Desk: The Federal Reserve on Wednesday cut its benchmark interest rate by half a percentage...
Chinese Yuan hits record lows against surging US dollar
The yuan has hit new record lows against the surging US dollar, with the internationally-traded yuan reaching its...
Gold prices hold steady near one-year high as Fed rate pause looms
Gold prices remained close to one-year highs on Friday, fueled by recent US economic data that suggested the...
CEO of JPMorgan says it is too soon to declare victory over inflation
JPMorgan Chase & Co.'s CEO Jamie Dimon cautioned against declaring victory too soon against inflation, warning the Federal...