Daniela Kirova

Charles Evans, President of Chicago Federal Reserve, expressed concern about the Fed’s raising interest rates too fast in an effort to combat inflation. Evans told CNBC’s “Squawk Box Europe” today that he believes the US economy could avoid a recession unless other external shocks occur. Fed raised rates by 0.75% three times in a row […]

On Tuesday, stocks ended the volatile day mixed after soaring when markets opened. Dow Jones and S&P 500 were at their lowest points since November 2020, having fallen for six days in a row, CNN reported. Dow lost 125 points Dow Jones is showing signs of digging into the bear market. It lost 0.4% or […]

The US dollar surged on recession fears and Brent crude dropped below $85 a barrel on September 26, world media reported. Early in the day, Brent futures for November settlement dropped to just over $84 before rising to $85.25 in the morning UK time. Sterling at record low The pound sterling is trading at a […]

Today, Italians headed to the polls in a nationwide vote that could bring the first far-right government to power since Benito Mussolini and the first female PM in the country, CNBC wrote. Brothers of Italy at the fore Fratelli d’Italia (Brothers of Italy), led by Giorgia Meloni, was founded in 2012. It is rooted in […]

Inflation loves company just like misery and the US has lots of it as price increases reach 40-year highs. A unique combination of strong demand for goods, stimulus cash during the pandemic, supply chain issues, and geopolitical problems resulted in a global price surge and unprecedented strength of the USD, trading at almost 1:1 against […]

On Tuesday, Sweden’s Central Bank increased interest rates by 100 basis points, shifting its main policy rate to 1.75% and warning of excessive inflation, CNBC wrote. According to a statement by the central bank, inflation was eroding households’ buying power and making it harder for them and for businesses to make realistic financial plans. Sharp […]

India, the biggest rice exporter in the world, has banned export of broken rice in an effort to control domestic prices. The government also introduced a 20% export tax on a number of rice varieties effective September 9. Most vulnerable countries   According to financial services company Nomura, cited by CNBC, there will be uneven […]

Indian tycoon Gautam Adani just ousted Jeff Bezos as the second-richest person in the world. He has been climbing the ranks of Bloomberg’s Billionaire Index rapidly, CNN wrote. While Elon Musk remains the richest hectobillionaire with $260 billion, he’s facing tough competition from Adani, who started 2022 as the 14th richest, but is already the […]

UK retail sales dropped in August as the soaring cost of living exerted pressure on households according to official figures cited by BBC. Sales started to fall in the summer of last year with the drop of hospitality restrictions and dropped by 1.6% in August, the Office for National Statistics (ONS) said. Retailers see losses […]

According to data from a new survey by the New York Federal Reserve Bank, Americans expect long- as well as short-term inflation to fall sharply, CNN reported. On average, the expectations for one- and three-year inflation dropped to 5.7% and 2.8% in August, down from 6.2% and 3.2% in July, the NY Federal Reserve Bank’s […]