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Turkey Hits the Brakes: Shock Rate Hike Signals End of Easing Cycle
In a move that caught markets off guard, Turkey’s central bank raised its benchmark interest rate from 42.5% to 46% on Thursday, effectively ending the easing cycle it began in December.
Treasury Yields Climb as Powell Flags Inflation Risks from Tariffs
U.S. Treasury yields climbed on Thursday following Federal Reserve Chair Jerome Powell’s warning that new tariffs could fuel inflation and hinder economic growth
Europe Markets Open Lower Amid Chip Sector Decline
European markets started the day on a cautious note, with the pan-European Stoxx 600 index opening 0.8% lower following recent gains.
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