zForex - News

March 17 2023

ECB Implements 50 Basis Point Interest Rate Hike

The European Central Bank implemented a significant increase in interest rates, prioritizing its commitment to controlling inflation despite the financial market turbulence that has sparked concerns about a potential worldwide banking crisis. This marks the sixth consecutive rate hike by the ECB, with a 50 basis point increase in its three policy rates. The bank stated that its future decisions regarding interest rates will be based on the data it receives.

March 14 2023

US CPI Rises 6% Slowest Since Sept 2021

The Consumer Price Index (CPI) revealed that inflation rose by 0.4% in February and 6% over the previous year, which is slower than the 0.5% month-over-month increase and 6.4% annual gain seen in January

March 02 2023

Eurozone Inflation Softens to 8.5% But Is Higher Than Expectations

The rate of inflation in the euro zone has slightly decreased in February, after the head of the European Central Bank stated that it would take some time to bring the inflation rate down. Based on initial data released on Thursday, the headline inflation in the 20-member bloc for February was at 8.5%. This is lower than the revised headline inflation rate of 8.6% in January, where prices appeared to have cooled off for the third month in a row.

February 24 2023

January Sees 0.6% Surge in U.S. PCE Prices Fueling Concerns over Extended Fed Rate Hike

The measure of inflation that the Federal Reserve favors showed a concerning increase on Friday, indicating that interest rates may need to be raised to control prices. In January, the personal consumer expenditures price index increased by 0.6%, both in core and headline terms.

February 14 2023

US CPI Surges by 6.4% in January, Raising Concerns of Aggressive Fed Action to Curb Inflation

The January Consumer Price Index, a highly monitored gauge of inflation that measures changes in the prices of daily goods and services, increased by 6.4% compared to the same period last year.

February 03 2023

517K Jobs Added in January, Unemployment Downs to 3.4%.

The US job market witnessed a significant boost in January, with nonfarm payrolls surging by an impressive 517,000 new positions. This was well above the predicted 185,000, and almost double the 260,000 job gains seen in the previous month, which was also revised upward from 223,000.

February 02 2023

"Bank of England Increases Interest Rate to Address Inflation Concerns - Potential for Future Easing of Tightening Policy"

The Bank of England took action to address ongoing inflationary pressure by increasing its interest rate by 50 basis points on Thursday.

February 02 2023

"European Central Bank Boosts Interest Rates by 50 Basis Points as Inflation Concerns Persist - Further Hike Expected in March"

The European Central Bank (ECB) took action to curb rising inflation by increasing interest rates by 50 basis points on Thursday.

February 02 2023

The Federal Reserve Has Decreased The Pace of Interest Rate Increase

Following a two-day meeting, the highly anticipated interest rate decision by the US central bank was announced, with the Fed slowing down the increase of interest rates as expected, implementing a 25-basis point increase.

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