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US Fed rate cut would spur similar steps worldwide: Economist

ISTANBUL: While the world is still struggling with high or fluctuating inflation, economists expect interest rate cuts and a loosening monetary stance in the coming period.

Among major central banks, the European Central Bank (ECB) and the Bank of En…

US trade deficit jumps 7.9% in July to highest since mid-2022

ISTANBUL: The US trade deficit jumped 7.9% to $78.8 billion in July, climbing to its highest level since mid-2022, according to the Commerce Department’s Census Bureau on Wednesday.

The figure came in line with market expectations, while the trade de…