‘The Federal Reserve is breaking things’ – this is what keeps Wall Street on edge as risks mount around the world

Jerome Powell, Chairman of the US Federal Reserve, during a federal hearing event in Washington, DC, US, on Friday, September 23, 2022. Drago | Bloomberg | Getty Images Such as Federal Reserve Efforts to tame inflation are intensifying, sending the dollar, bonds and stocks up, and concern is growing that a central bank crackdown will … Read more

Turkey cuts interest rates again despite 80% inflation

The number of Russian tourists to Europe decreased significantly during the summer, but increased in several other destinations, including Turkey (here). Onur Dogeman | soba pictures | Light Rocket | Getty Images Turkey’s central bank surprised markets once again with its decision on Thursday to cut its key interest rate, despite the country’s inflation soaring … Read more

European markets open to close, Bank of England and Swiss central bank interest rate decisions

The Bank of England raised interest rates by 50 basis points, the seventh in a row Bank of England They voted to raise interest rates By 50 basis points, less than the 75 basis points rise some analysts had expected. The bank said there have been other indications since August of “domestic inflation continuing to … Read more

Author Nomi Prinz says the Fed will turn into a pivot in 3 phases

A trader works on the floor of the New York Stock Exchange (NYSE) as a screen showing Federal Reserve Chairman Jerome Powell during a news conference following the Fed rate announcement, in New York City, US, July 27, 2022. Brendan McDermid | Reuters The US Federal Reserve It could be forced off the path of … Read more

How Student Loan Forgiveness Can Affect Your Credit Score

Chaay_tee | istock | Getty Images Student debt can make it difficult for people to start a business or buy a home — and one reason for this is that lenders take into account your existing financial obligations. Now that President Joe Biden has announced that he plans to cancel up to $20,000 for millions … Read more

High inflation in Turkey warns of more losses for Gulf banks

A general view of Emirates NBD on January 3, 2017 in Dubai, United Arab Emirates. Tom Dolat | Getty Images Dubai, United Arab Emirates – Banks dealing with Turkey have faced losses since the country’s currency began to decline sharply in 2018; Now, lenders in many of the oil-rich Gulf states in particular are set … Read more