The Federal Reserve cut its key interest rate by a significant half point on Wednesday, continuing its first rate cut in four years. As a result, the value of the dollar abroad decreased slightly. However, if you are planning to go abroad soon, you do not need to run to the nearest exchange office. Because the rate cut has long been predicted, it is largely priced into the value of the dollar in...
Christine Lagarde, President of the European Central Bank (ECB), stated that they are determined to reduce inflation to the medium-term target of 2 percent, and that they plan to increase interest rates further for this. Lagarde spoke at the "Monetary Dialogue" session of the Economic and Financial Affairs Committee of the European Parliament (EP). Stating that the ECB has started a rapid and...
