Monthly archive March, 2023

The U.S. dollar drifted lower on Wednesday as the Federal Reserve raised interest rate by 25 basis points and projected just one more rate hike this year.Original Article Read More →

UK consumer price inflation unexpectedly accelerated in February after slowing for three straight months, adding to the dilemma of the Bank of England policymakers who are set to decide this week whether to raise interest rates this month in the Read More →

A report released by the National Association of Realtors on Tuesday showed existing home sales in the U.S. rebounded by much more than expected in the month of February. NAR said existing home sales spiked by 14.5 percent to an Read More →

The U.S. dollar drifted lower against its major counterparts on Monday with investors reacting to news about the takeover of Swiss lender Credit Suisse, and the Federal Reserve's announcement about efforts to address turmoil in the banking sector.Original Article Read More →

The People's Bank of China cut the reserve requirement ratio for banks by 25 basis points on Friday for the first time this year to support the nascent economic recovery and to ensure reasonable and sufficient liquidity in the banking Read More →

A report released by the Federal Reserve on Friday showed U.S. industrial production was unexpectedly unchanged in the month of February. The Fed said industrial production was unchanged in February following a revised 0.3 percent increase in January.Original Article Read More →