Monthly archive June, 2022

The National Association of Realtors released a report on Tuesday showing another steep drop in U.S. existing home sales in the month of May. NAR said existing home sales plunged by 3.4 percent to an annual rate of 5.41 million Read More →

Reserve Bank of Australia Governor Philip Lowe said more interest rate increases are likely in the coming months as the central bank will do what is necessary to ensure that inflation returns to the target range over time. Although the Read More →

China refrained from an interest rate cut on Monday despite the economic challenges as such a move would go against the hawkish stance of global central banks and pose a threat of capital outflow. After a reduction in May, the Read More →

Global central banks unleashed a large amount of policy tightening this week, led by the that delivered a bigger-than-expected 75 basis points hike on Wednesday, as policymakers across the world are increasingly worried about the persistence of runaway inflation Read More →

After reporting a sharp increase in U.S. industrial production in the previous month, the Federal Reserve released a report on Friday showing industrial production edged modestly higher in the month of May. The Fed said industrial production crept up by Read More →

The U.S. dollar surged higher on Friday, reacting to comments from Federal Reserve Chairman Jerome Powell that the central bank's commitment to price stability has been contributing to the confidence in the currency.Original Article Read More →