2 hours ago Australia’s central bank considered raising interest rates in December but paused due to limited data: minutes The Reserve Bank of Australia considered a 25 basis point rate hike in December but ultimately decided to keep rates at 4.35%, central bank minutes showed. The RBA said the case for a rate hike was … [Read more…]
22 minutes ago Norway’s central bank raises interest rates by 25 basis points Norway’s central bank said on Thursday it had raised its interest rates by 25 basis points, setting the key interest rate at 4.5%. Norges Bank Governor Ida Wolden Bache said in a statement that inflation remains too high despite the economic slowdown, … [Read more…]
Holiday inflation is hitting consumers hard this season Inflation remained nearly stable in November as lower gas prices and durable goods largely offset still-strong increases in services. Fox-32 Chicago The Federal Reserve is expected to keep interest rates steady on Wednesday, suggesting a nearly two-year streak of rate hikes could be coming to an end … [Read more…]
44 minutes ago Nikkei 225 briefly hits its 33-year high, its highest level since May 1990 Japan’s Nikkei 225 briefly touched its 33-year high on Monday morning, while the benchmark Nikkei 225 hit a high of 33,848.98 intraday. This surpassed the previous high of 33,753 on March 7 and is the highest since May 1990. … [Read more…]
The Canadian economy was little changed at the end of 2023, as shown by Canada’s real gross domestic product (GDP), which remained unchanged for the third straight month in October, according to statistics data. Canada released on Friday. Production in service industries increased slightly by 0.1%, while output in goods producing industries did not change … [Read more…]