Workers at three Amazon warehouses, located in the cities of Washington and New York, left in the middle of their night shifts on Wednesday, in a protest demanding a salary increase of three dollars an hour, as well as the reinstatement of breaks with the
The president of the Federal Reserve Bank of Saint Louis, James Bullard, warned on Monday that the credibility of the Fed is at risk due to the high inflation that the country is experiencing in recent months. “Our credibility is on the line here and
After the US CPI data, which marked a new maximum in 40 years, the market already values a 50% probability that the Fed will raise interest rates by 50 basis points in March. Inflation in the US does not give a break to the Federal
The US Federal Reserve (Fed) has not moved interest rates yet, although it hopes to do so in March. Fed Chairman Jerome Powell said that “the committee intends to raise rates at the March meeting, assuming conditions are right to do so.” Still, he said
The People’s Bank of China (BPC) on Tuesday injected 200,000 million yuan ($31 billion) in the short term through a refinancing operation (repo) in which it applied an interest rate of 2.20%, according to the entity. The operation took place after this Monday the indicators
Turkish President Recep Tayyip Erdoğan told in a news conference on Friday that the bill regulating the cryptocurrency market will soon be sent to the country’s parliament. “We are going to go a step further and send [the bill] to parliament,” Erdoğan said. Although the
Thailand wants to attract the crypto-rich to recoup tourism revenues lost to the coronavirus pandemic. According to Bloomberg, Thailand’s Tourism Authority (or TAT) is working with regulators and a local cryptocurrency brokerage to make it easier for crypto holders to spend their digital assets in
Prices continue to rise in the United States and in November they grew at the fastest rate recorded in almost 40 years, since June 1982. Specifically, according to the Bureau of Labor Statistics, the consumer price index (CPI) rose by 6.8% year-on-year, significantly above the
The president of the European Central Bank (ECB), Christine Lagarde, does not change her speech on inflation and insists the current pressures in the eurozone are similar to “a hump”, in which price increases may have reached maximum in November. For this reason, she reiterates
Apple has decided to suspend sales of all its products in Turkey due to the growing economic crisis and high inflation rate in the country. Apple hasn’t officially commented on the situation yet, but as 9to5mac says, if a Turkish customer of the company tries