ECB Freezes Key Rate Again After 15 Months
The European Central Bank (ECB) has stopped raising its key interest rate for the first time in 15 months and freezes interest rates. This is interpreted as a result of reflecting the somewhat eased inflation and signs of recession in...
South Korea Might Suffer Amid Thickening U.S.-China Tension
Amid strengthening U.S.-led de-risking with China, analysis suggests that Korea, which is heavily dependent on de-risking between the U.S. and other Western members, and China, could suffer relatively significant damage. According to the International Monetary Fund's analysis of the regional...
Oil Prices Surged As the Middle East Crisis Escalated.
International oil prices surged nearly 6% as the Middle East crisis escalated. West Texas Intermediate (WTI) futures jumped 5.80% from the previous trading day to $87.72 per barrel on the New York Mercantile Exchange on the 13th (local time). As...
US Dollar Embarks on Its Longest Winning Streak in Nearly Nine Years
The US dollar is currently in the midst of its most extended winning streak since the winter of 2014-2015, with the greenback set to achieve its eighth consecutive week of gains against a basket of major currencies. This remarkable run,...
Global Fund Managers Increasing US Stock Exposure as Investors Seek to Join Rally
In a surprising turn of events, investors who initially missed out on this year's unexpected stock market rally are now cautiously re-entering the US stock market, according to data from a Bank of America survey. Global fund managers have significantly...
Bank of England Paused Key Interest Rate Rise
Following the U.S. Federal Reserve System (Fed), the Bank of England has also temporarily stopped raising its key interest rate. The Bank of England, the central bank of England, decided to freeze the key interest rate at 5.25 percent at...
Eurozone HICP Revision is Up 0.5% from July
The August consumer price index (HICP revision), which shows the economic sentiment of 20 eurozone countries, rose 5.2% year-on-year, the European Union's Statistical Office said on the 19th. According to MarketWatch and AFP, the EU Statistics Office said that the...
OEDC: Interest Rates Should Be Kept High
The Organization for Economic Cooperation and Development (OECD) insisted on the 19th (local time) that central banks in each country should keep interest rates at their current high levels or raise them further to beat inflation. According to the Financial...
U.S. CPI Rose as Oil Prices Soared
With international oil prices hitting a yearly high day after day, the U.S. Consumer Price Index (CPI) growth rate exceeded market forecasts, raising concerns over a rebound in inflation. The prolonged U.S. Federal Reserve (Fed) tightening is also gaining momentum....
Global Central Bank Officials Gather in Jackson Hole Amidst Economic Disparities
Central bank officials from around the world have gathered in Jackson Hole, Wyoming, to discuss policy choices that will have long-term impacts on the economy. Yet, while these discussions on inflation and the economy occur in theoretical terms, the local...
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