Inflation in the US rises to 7.9 percent in February

Jerome Powell High inflation in the US is putting pressure on the Fed chair to raise interest rates. (Photo: dpa) Düsseldorf The price level in the USA continues to rise rapidly. In February, consumer prices (CPI) rose by 7.9 percent compared to the same month last year – the strongest increase since 1982, the US … Read more

Lowest growth target in 30 years

Peking The Chinese government sees difficult times ahead for the People’s Republic. “This year we face great tasks and many challenges in economic and social development,” said China’s Premier Li Keqiang on Saturday in his speech on the opening day of the so-called “Two Sessions”. It is the second most important political meeting this year … Read more

Fed chief anticipates rate hike in March

Jerome Powell The key interest rate is currently in the extremely low range of 0.0 to 0.25 percent. (Photo: AP) Washington Despite the unforeseeable consequences of the Ukraine war, the US Federal Reserve will in all likelihood initiate the interest rate turnaround this month. “We expect it will be appropriate to raise the target range … Read more

ECB chief economist sees Ukraine crisis as a very significant risk factor for Europe

Frankfurt The Ukraine crisis is also driving the European Central Bank (ECB) ahead of its forthcoming interest rate meeting. At the Governing Council meeting on March 10, a comprehensive assessment of the economic outlook will be made, including the latest geopolitical developments, ECB chief economist Philip Lane told the FAZ, according to the preliminary report. … Read more