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December 13, 2023

Fed chair says lowering rates ‘begins to come into view’

ISTANBUL: US Federal Reserve Chair Jerome Powell said Wednesday it is “premature to declare victory” in fight against high inflation, but said the bank has started considering when to lower interest rates.

“We are moving carefully in making that asse…

Eurozone industrial output falls more than expected in October

ANKARA: Industrial production in the euro area dropped for the second consecutive month in October, more than the market expected, according to official data released on Wednesday.

The output decreased by 0.7% month-on-month in October, following an …