While Official Figures Claim Turkey’s Inflation Rate Is 85%, Third-Party Stats Say It’s Closer to 200%

Inflation has skyrocketed in Turkey as official figures from the Turkish Statistical Institute (Tüik) show the country’s inflation rate topped 85.5% year-on-year. The inflation rate in Turkey has risen for 17 consecutive months and last month it reached a 24-year high….

The Fed Codifies Fourth Consecutive 75bps Rate Hike — Stocks, Bitcoin, and Metals Rise

USA. Federal Reserve introduced another jumbo rate hike on Wednesday, nov. 2, 2022, by hiking the federal funds rate (FFR) kõrval 75 baaspunktid (bps). The American central bank said on Wednesday that the hike aims to curb inflation and