ISTANBUL: The US Federal Reserve is receiving “more good” inflation data, paving the way for its first interest rate cut later this year, Chair Jerome Powell said Monday.
Speaking at the Economic Club of Washington, DC, Powell reiterated his comments…
ISTANBUL: Net capital inflows to emerging market and developing economies recovered slightly from low levels in 2022, but remained negative in 2023, the International Monetary Fund (IMF) said Friday.
“With tight monetary policy conditions in key adva…
ISTANBUL: The Dow Jones industrial average closed above 40,000 for the first time Friday, while US stocks finished the week on a higher note.
The blue-chip index, which includes 30 prominent American companies, rose 247 points, or 0.62%, to end the s…