NEW DELHI: Foreign direct investment jumped 64% in October to $8.4 billion — the highest in 18 months — as the bleak global economic environment shows some signs of improvement amid moderating inflation and a pause in interest rate hikes by central banks.Latest data released by RBI showed that on a gross basis, inflows increased … Read more
ISTANBUL: Turkey’s annual inflation rate ticked up slightly in November, the state statistics agency said on Monday, showing further signs of levelling off following a series of sharp interest rate hikes.The rate moved to 61.98 percent last month from 61.36 percent in October, the TUIK state statistics agency said.The pace at which consumer prices are … Read more
Federal Reserve Chair Jerome Powell urged the central bank’s forecasters on Wednesday to remain flexible and “think outside” traditional economic models, as they continue to offer projections for a post-pandemic economy that has repeatedly confounded expectations. Powell touted the Division of Research & Statistics, which provides the Fed with economic data and analysis ahead of … Read more