Turkey’s Monetary Policy Committee on Thursday chose to keep its key interest rate unchanged at 19%, in a move widely anticipated by markets. While unsurprising to investors watching the central bank, the dovish signal nonetheless risks more volatility for the country’s currency as it all but eviscerates the likelihood of higher rates in the future […] Read more
The Dow Jones Industrial Average bounced back from steep losses and closed the session in the green on Tuesday after Federal Reserve Chair Jerome Powell relieved some of the concerns about higher interest rates and inflation. The blue-chip Dow wiped out a 360-point loss and closed 15.66 points higher, or 0.1%, at 31,537.35. The S&P […] Read more
