Federal Reserve Won’t Take Long To Raise Rates: Janet Yellen
Following Janet Yellen’s latest words a rate hike looks likely towards the end of this year. The market could upset the applecart in the coming weeks with the Federal Reserve on track to hike interest rates this year whilst major indexes near records, after an extended period of low volatility and steady gains favoring US investors. If the Fed More...
EU Grants $2 Billion Loan To Ukraine & $200 Million Each To 6 Post-Soviet Partners
Ukrainian President Petro Poroshenko. The EU has agreed to grant a $2 billion loan to Ukraine, at an EU summit in Riga, Latvia, becoming the largest financial deal with a non-EU member, intending to help revive More...
Chicago May Have To Pay $2.2 Billion After Credit Rating Dropped
The city’s retirement fund deficit is weighing on banks. The city of Chicago is facing a big problem as it may be forced to pay banks around $2.2 billion after the investors service of Moody’s dropped its More...
Improvement In The UK’s Labor Market
Mark Carney, Governor of the Bank of England is now focused on increasing the UK’s productivity. The United Kingdom’s working class will be happy to hear that the unemployment rate dropped in the first quarter More...
Oil Jumps On Weaker Dollar And Higher Projected Demand
A weaker dollar, projected higher demand and geopolitical uncertainty caused oil to jump on Tuesday. The prices of oil have jumped on Tuesday as a result of a weaker U.S. dollar lifting commodities denominated in More...
The Strong Dollar Could Be Weighing On US Economic Growth
The strong dollar could be slowing US growth. The United States economy has been able to add more than 1.5 million jobs during the last six months and because of this the employment rate in U.S. was able to drop More...