Fed announces rate hike by 75 basis points
The U.S. Federal Reserve announced on June 15, local time, that it would raise the benchmark interest rate by 75 basis points to an annual level of 1.5-1.75%. This is the largest rate hike by […]
Finance
Russian ruble surges 200% against dollar
It has plummeted by about 50% and rebounded by nearly 200%. Since the beginning of this year, the exchange rate of the Russian ruble against the US dollar has been on a “V”-shaped roller coaster. […]
Deutsche Bank: Japan’s financial markets on the brink of systemic collapse
Deutsche Bank warned that the Bank of Japan’s bond-buying policy to achieve its yield curve control (YCC) target could cause financial markets “dramatic , unpredictable nonlinear” fluctuations, and the yen completely lost its fundamental valuation […]
Dow Jones jumps 100 points as market shakes off Target warning
U.S. stocks edged higher late Tuesday, with the Dow up 100 points. The market appeared to shake off Target’s earnings warning. U.S. Treasury Secretary Yellen said the U.S. is facing an “unacceptable level of inflation” […]
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