Mexican Peso extends rally unfazed by economic contraction
INEGI announced that Q4 2024 GDP shrank by -0.6% QoQ, more than the -0.2% contraction expected by economists and down from Q3 1.1% expansion. On a yearly comparison, GDP rose 0.6%, beneath forecasts ...
ECB Delivers Another 25 bp Cut
The ECB (European Central Bank) continued policy normalisation today, with another 25 basis points (bps) worth of cuts across all three benchmark rates. This marks the fourth consecutive rate ...
What Fed rate cut? Most Americans say they haven’t felt the impact of the central bank’s policies — especially millennials.
It takes time for the Fed’s decisions to filter through the economy — and then even more time for consumers to see the difference.
ECB’s Lagarde Says Bulgaria Convergence Process Is Well Advanced
European Central Bank President Christine Lagarde said Bulgaria is “well advanced” in the process of meeting the criteria for joining the euro.Most Read from BloombergManhattan’s Morning Commute Time ...
ECB cuts interest rates by 25 basis points as Eurozone economy sputters
The European Central slashed rates by 25 basis points as expected on Thursday as part of a bid to address flagging economic growth in the Eurozone currency area, but policymakers declined to commit to ...
Gold prices scale yet another peak of Rs 83,800 per 10 grams
Gold prices have hit a new all-time high of Rs 83,800 per 10 grams in the national capital due to strong global trends.
Crypto Daybook Americas: Litecoin Leads on Optimistic ETF Signal as Market Rallies After Powell Talks
The crypto market is trading positively with the Fed risk event out of the way, focusing on positives such as the ...
The Fed Issued A Warning, We Should Listen
The Fed has decided to hold rates at 4.25–4.50%, signaling caution amid rising inflation, which could lead to fewer rate cuts in 2025. Read more here.
Today's Mortgage Rates | Rates Tick Down as Fed Eyes Elevated Inflation
These are today's mortgage and refinance rates. Mortgage rates are likely to remain elevated until inflation comes down ...
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Kenya and Nigeria: Hiking Taxes When There Is Nothing Left to Tax
African nations such as Nigeria and Kenya desperately need market economies and freedom from the socialism and statism that ...
20% capex increase key to ensure sustainable GDP growth, says EY report
The Union Budget 2025 is poised to announce a 20% increase in capital expenditure to stimulate economic growth and reduce the ...