Tag: Economic

© Reuters. FILE PHOTO: People shop at a local market in Fatih district in Istanbul, Turkey January 13, 2021. Picture taken January 13, 2021. REUTERS/Murad Sezer ISTANBUL (Reuters) – President Tayyip Erdogan said on Monday he was saddened by Turkey’s 2021 annual inflation after it soared to 36.1%, adding his government was determined to lower…

By Carlos González Investing.com – The last few years have undoubtedly marked a turning point in the markets. In a short space of time, we have experienced a global pandemic, rising inflation, and a great increase and now withdrawal of stimulus policies by central banks. All of this is heightened with commodities soaring, currencies spinning,…

2/2 © Reuters. FILE PHOTO: Vehicles queue at a petrol station in Ankara, Turkey December 17, 2021. REUTERS/Cagla Gurdogan 2/2 ISTANBUL (Reuters) – Inflation soared by the most in at least a decade in Turkey’s biggest city Istanbul last month, according to data on Saturday, and President Tayyip Erdogan’s government sharply raised nationwide electricity and…

© Reuters. FILE PHOTO: People line up outside a newly reopened career center for in-person appointments in Louisville, U.S., April 15, 2021. REUTERS/Amira Karaoud By Dan Burns (Reuters) -New claims for U.S. unemployment benefits fell in the week leading up to Christmas and benefits rolls slid to their lowest level of the coronavirus pandemic era…

© Reuters. FILE PHOTO: A vendor hands over Russian rouble banknotes to a customer at a street market in Omsk, Russia March 31, 2021. REUTERS/Alexey Malgavko MOSCOW (Reuters) – Consumer inflation in Russia accelerated to 8.39% in 2021 despite seven interest rate hikes by the central bank, up from 4.91% in 2020, preliminary data from the statistics…

SEATTLE and PORTLAND, Ore., Dec. 27, 2021 /PRNewswire/ — ACI Mechanical & HVAC Sales was awarded the Johnson Controls Best of Brands recognition award for outstanding sales growth for the Ruskin brand, part of the JCI Family of Brands in HVAC. This award covers all of ACI’s locations in Seattle, Spokane, Portland, and Northern Idaho. About…

U.S. Consumer Spending Buffeted by Fastest Inflation in Decades (Bloomberg) — U.S. consumers took a breather in November a month after a holiday spending surge, but that pause risks becoming more lasting if Americans pull back when faced with both the fastest inflation in decades and the omicron variant. Purchases of goods and services, after…

© Reuters. FILE PHOTO: People visit a Christmas market in Mulhouse, France December 15, 2021. REUTERS/Yves Herman PARIS (Reuters) – French growth and inflation will moderate in 2022 after a faster than expected recovery this year, after which a tighter labour market will boost wages, the French central bank forecast on Sunday. The euro zone’s…

© Reuters. FILE PHOTO: The headquarters of the European Central Bank (ECB) in Frankfurt, Germany, March 12, 2016. REUTERS/Kai Pfaffenbach/File Photo FRANKFURT (Reuters) -The European Central Bank may be underestimating inflation risks, a diverse group of policymakers said on Friday, just hours after the bank extended stimulus measures to keep boosting price pressures. Inflation has…

© Reuters. FILE PHOTO: A man wearing a protective mask walks past the headquarters of Bank of Japan amid the coronavirus disease (COVID-19) outbreak in Tokyo, Japan, May 22, 2020.REUTERS/Kim Kyung-Hoon By Leika Kihara TOKYO (Reuters) -Bank of Japan Governor Haruhiko Kuroda said on Wednesday the country’s consumer inflation may approach his 2% target as…