The Federal Reserve made a noteworthy decision last night by pausing its aggressive round of interest rate increases, the most significant since the 1980s. However, they refrained from celebrating victory over inflation. Instead of opting for the eleventh consecutive increase, the US central bank chose to maintain its target at 5% to 5.25%. Surprisingly, they …
According to the Office for National Statistics, regular pay excluding bonuses has witnessed its fastest pace on record outside the pandemic period, rising by 7.2% in the three months leading up to April. While this is good news for workers, other global events have also made headlines. 5 things to start your day 1) The …
Traders are indicating that the Federal Open Market Committee of the Federal Reserve will likely pause in interest rate hikes at their upcoming meeting, which coincides with a potential new bull market. Last week, the Dow Jones Industrial Average and NASDAQ Composite experienced positive trends, with major indices surpassing their moving averages. Despite excitement over …
China’s total trade with Russia has reached levels not seen since the beginning of Vladimir Putin’s war in Ukraine, as per official data showing its increased support for its sanctions-hit ally. Trade between the two countries was worth $20.5bn (£16.5bn) last month, with Chinese imports from Russia worth $11.3bn. No official breakdown of the numbers …