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US Federal Reserve expected to make 2 rate cuts this year: Fitch

ISTANBUL: The US Federal Reserve is expected to make two interest rate cuts this year, according to Fitch Ratings on Monday.

The rating agency said it now expects a slightly slower pace of rate cuts from the Fed this year, compared to its expectation…

US Treasury lowers Q3 borrowing estimate to $740B

ISTANBUL: The US Treasury Department announced Monday it expects to borrow $740 billion in privately held net marketable debt, assuming a cash balance of $850 billion by the end of September.

The 3rd quarter figure, from July through September, is $1…

Ireland’s annual GDP down 1.4% in Q2, preliminary figures show

ISTANBUL: Ireland’s gross domestic product (GDP) declined 1.4% in the second quarter of the year compared to the same quarter last year, according to preliminary figures.

The Irish Central Statistics Office (CSO) said on Monday that the results of th…