United States Federal Reserve
US Federal Reserve Cuts Key Interest Rate for First Time in Four Years
For the first time in four years, the United States Federal Reserve has lowered the key interest rate, reducing it by half a percent to a range of 4.75 to 5 percent. This significant move aims to ease inflationary pressures and improve the labor market.
As the Fed's rate hike comes closer?
The long-waited rate hike decision by the United States Federal Reserve (Fed) will most probably be made by the next month. The global markets have definitely prepared themselves adequately for the hike. They have prepared so much that many emerging currencies, including the Turkish Lira, has started to gain value against the U.S.
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Which one is worse?
Is it the delay in the imminent policy decision by the Fed, America?s Central Bank? Or is it that in early 2016, Erdem Ba?ç?, the governor of the Central Bank of Turkey, will have ended his term? Which one is worse for the Turkish economy? Let?s weigh the potential impact of each.
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Turkish business circles in-between debt calendar and snap election fears
Turkish business circles want to see the end of post-election uncertainties and express their concerns to politicians. Many of them are under huge debt burdens. Their biggest concern is the possibility of the non-establishment of any coalition government and entering a snap election period, which will both increase political risks.
Foreign pressures