Powell leads Fed in bold rate cut to counter labor market slowdown
In a move reminiscent of the financial turbulence of 2008, the Federal Reserve pulled the trigger on its first interest rate cut since the COVID [more…]
Category: European Union
Sweden’s Riksbank cuts rates again amid economic slump
In the ever-turbulent waters of global finance, Sweden’s central bank has taken another plunge, trimming its key interest rate to 3.5%. This marks the second [more…]
S&P Global sounds the debt alarm
In a not-so-surprising twist, S&P Global has painted a rather grim picture for the future of debt levels in major economies, including the United States, [more…]
Sweden’s central bank cuts interest rate to 3.75% as economy struggles, signals further easing ahead
In a move widely anticipated by financial markets, Sweden’s central bank announced a reduction in its key interest rate from 4.00% to 3.75% on Wednesday. [more…]
Surprise drop in French inflation signals potential ECB rate cut
Consumer prices in France took a surprising dip, offering a welcome respite to wallets feeling the strain. The French statistical office INSEE confirmed that annual [more…]
Eurozone manufacturing sector experiencing prolonged period of decline
Eurozone manufacturing activity continued to face a significant and widespread downturn in the past month. The latest survey, released on Monday, indicates that demand has [more…]
The European Central Bank increases key interest rates to a record high, suggesting it could be sufficient to address inflation while leaving the door open for possible future hikes
The European Central Bank (ECB) has raised interest rates by a quarter percentage point to a record high, marking its 10th consecutive rate hike, despite [more…]