Bank of England Cuts Rates, Raises Inflation Forecast
The Bank of England (BOE) cut interest rates by 25 basis points on Thursday, bringing the central bank’s key rate down to 4.75%. This move, supported by an 8-1 vote from the
Norway’s Wealth Fund Sees Record Gains Amid Global Economic Shifts
In a quarter marked by economic uncertainty and volatile markets, Norway’s sovereign wealth fund, the largest in the world, posted significant profits thanks to favorable monetary policy changes. With interest rates falling
Trump’s Return Raises Fed Independence Concerns
The re-election of Donald Trump as president has reignited concerns over the Federal Reserve’s independence, particularly given his history of criticizing the central bank and its chair, Jerome Powell, for not cutting
Canada’s October Inflation Rises to 2% Amid Base-Year Effects, Economists Debate BoC’s Next Move
Canada’s inflation rate rose to 2% in October, up from 1.6% in September, driven by base-year effects on gasoline prices, Statistics Canada reported on Tuesday. This increase has stirred mixed reactions among
Trump’s Victory Sets Stage for Fed Showdown Amid Policy Shifts
As President-elect Donald Trump prepares to re-enter the White House, speculation is mounting over how his policy agenda will impact the Federal Reserve’s direction under Chair Jerome Powell. During a press conference
Gold Soars Above $2,700 as Geopolitical Tensions and Economic Uncertainty Rise
Gold surged to historic highs, surpassing $2,700 per ounce on Friday, driven by heightened geopolitical tensions in the Middle East, looming uncertainties around the U.S. elections, and market anticipation of looser monetary
