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Fed Official Signals December Rate Cut.

Washington: The US Federal Reserve is aiming to lower its policy interest rate in December, an official said Monday. Speaking at an event, Christopher Waller, a member of the Federal Reserve Board of Governors, noted that inflation in the country is c…

Trkiye Sets Ambitious Goal for Carbon Neutrality in 30 Years.

Berlin: Trkiye is aiming to become a carbon-neutral economy within 30 years, Energy Minister Alparslan Bayraktar announced at the 6th Turkish-German Energy Forum in Berlin. The event was co-hosted with German Economic Affairs and Climate Action Minist…

US Mortgage Rates Decrease After Extended Rise.

Washington: The US average contract interest rate for 30-year fixed-rate mortgages experienced a decline last week, marking the first drop in over two months, as reported by the Mortgage Bankers Association (MBA) on Wednesday. The rate decreased from …

US Economy Grows by 2.8% in Q3, In Line with Forecasts.

Washington: The US economy has expanded by 2.8% in the third quarter of 2024 on a yearly basis, according to the Bureau of Economic Analysis on Wednesday, in line with market expectations.

According to Anadolu Agency, the world’s largest economy grew…