US Job Openings Rise Pile Pressure on Fed

Image Source: Vox Despite low unemployment, the total number of job openings in the US rose unexpectedly in September. This will likely lead to more wage growth and pressure for the Federal Reserve to keep up its aggressive campaign to stop inflation. The Labor Department’s Job Openings and Labor Turnover Survey, or JOLTS, showed on […]

Petrol price rise warning after OPEC oil output cut

Image Source: Forbes In a move anticipated to push prices globally, some major oil-producing nations have decided to reduce the quantity of oil they export. Saudi Arabia and Russia are part of the Opec+ group, which said that it would reduce output by two million barrels per day. The organization claimed it wished to stabilize […]

Eurozone interest rates in record rise to fight inflation

Image Source: CNN In an effort to combat inflation, the European Central Bank has announced a record increase in interest rates for the eurozone. As energy prices increase, prices in the bloc are rising at their fastest rate in 50 years. The ECB raised all of its key interest rates by three-quarters of a percentage […]

Prices in Turkey rise at fastest pace for in over two decades 

Image Source: DW According to the most recent government statistics, prices are rising in Turkey at their quickest rate in 24 years. In June, the annual rate of inflation, or the rate at which prices grow, came in at 78.62 percent, which was somewhat higher than expected. Some of the most notable price rises in […]