Auto Added by WPeMatico

Bank of Japan Intervenes in Foreign Exchange Markets After Yen Slips to 24-Year Low

While the greenback has been rising higher, the Japanese yen tapped a 24-year low and Japan decided to intervene in foreign exchange markets (forex) for the first time since 1998.…

Continue ReadingBank of Japan Intervenes in Foreign Exchange Markets After Yen Slips to 24-Year Low

Zimbabwe to Hike Benchmark Rate to 200%, Central Bank Minted Gold Coins to Act as Store of Value

After seeing the country’s inflation rise to 191.6% in June, Zimbabwean monetary authorities said they have resolved to increase the benchmark interest rate to 200% per annum. In addition, the…

Continue ReadingZimbabwe to Hike Benchmark Rate to 200%, Central Bank Minted Gold Coins to Act as Store of Value

Survey Shows 87% of Americans Are Stressed About Inflation and Rising Costs of Everyday Goods

As the consumer price index (CPI), a measure of prices for goods and services, hit another all-time high in April reaching 8.3%, Americans are stressed out more than ever about…

Continue ReadingSurvey Shows 87% of Americans Are Stressed About Inflation and Rising Costs of Everyday Goods

Poll Suggests ECB May Wait Until Q4 to Raise Rates, Several Banks Expect a Series of Fed Rate Hikes This Year

A recently published Reuters poll suggests the European Central Bank (ECB) may wait until the last quarter of the year (Q4) to raise its first interest rate in over ten…

Continue ReadingPoll Suggests ECB May Wait Until Q4 to Raise Rates, Several Banks Expect a Series of Fed Rate Hikes This Year