The Fed kept interest rates at their highest level in 23 years for the fifth meeting in a row(AFP) The United States Federal Reserve (The Fed) decided on Wednesday to keep interest rates at a 23-year high for the fifth consecutive meeting, while saying it still plans to make three cuts this year. The news … Read more
Inflation moved upwards for Greece in December as well as for the eurozone. According to the official data of Eurostat, in our country inflation increased to 3.7%, while in the Eurozone it increased to 2.9% compared to November. Inflation in Greece in November had reached 3% (from 3.8% in October) while in the eurozone it … Read more
As is well known, Greece and the rest of Europe were more affected than the US due to the energy crisis caused by the war. This, because at the beginning of the crisis the E.U. it was 45% dependent on Russian natural gas and 30% on Russian oil. At the beginning of the crisis, Greece … Read more
This Monday, March 4, the Buenos Aires Police blocked access to the headquarters of the Télam news agency for its employees, after last Friday President Javier Milei announced the closure of the media outlet after almost 80 years of history. The president, who described Télam as a means of “Kirchnerist propaganda,” is advancing his announced … Read more
Inflation “ran” at a rate of 3.1% in January 2024, according to ELSTAT. The increase in the price of olive oil is impressive (67.4%), raising -indeed- its effect on the general price index to the amount of 0.53 (that is, 1/6 of the increase in the general price index in January is due to the … Read more
The CPI inflation rate was 4.1% in March 2024, down from February when it was 4.5%. The monthly change from February to March was 0.1% according to the CPI. The rate of inflation according to CPIF (Consumer Price Index with fixed interest rate) simultaneously landed at 2.2% in March, according to new statistics from Statistics … Read more