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Turkish Lira Hits Historic Low as Central Bank Interest Rate Decision Misses Expectations

The Turkish Currency Falls to Historic Low The Turkish currency continued to decline today, on Monday, and touched the mark of 26 liras per dollar, thus ....

Central Bank Decision To Raise Interest , Turkish Central Bank , Raise Interest ,

MSNBC Velshi June 4, 2024 13:57:00

The this concept that concept that this inflation inflation was was transitory. now it is so now it is slamming on the brakes. slamming on the we have brakes. we ve never had never had three successive three successive 75 basis 75 basis points hikes that point hikes as we ve we ve had this year. had this year. the fed so the fed has no has no choice, unfortunately choice, unfortunately. , but to raise aggressively. because it is but too because it s late. and late. therefore there will be there will be collateral collateral damage. i agree damage. and i agree with with lori, it s very lori. it s very disturbing to disturbing to people to people read that the that you people you trust trust to who deliver deliver good good economic outcomes are telling economic are you, i m going to raise telling you i m gonna raise unemployment. unemployment. people people can t compete can t compute. that that. what do you what do you mean? you re mean? you re supposed supposed to be guiding us ....

Point Hikes , Basis Points Hikes , Federal Reserve , Lori Bettinger , Collateral Damage , Raise Unemployment , Interest Rates , Raise Interest , Policy Don T , It End , Signals Indications ,

God Save the Queen

An estimated 4.1 billion people have tuned in to watch Queen Elizabeth II’s funeral. Ukraine is having to work much harder for its territorial gains after the success of the past two weeks. Massive storms pummeled both Puerto Rico and Japan. And markets are braced for a flurry of central bank meetings this week. All this and more in today’s PDB. ....

Puerto Rico , United Kingdom , Dominican Republic , Windsor Castle , South Africa , Nizhegorodskaya Oblast , Volodymyr Danchenko , Jan Hatzius , Al Jazeera , Goldman Sachs , Japanese Meteorological Agency , Who Gathers , Queen Elizabeth , Westminster Hall , Westminster Abbey , Imperial State Crown , Prince Philip , Recent Successes , Ukrainian Advance Slows , President Volodymyr Zelenskyy , Nanmadol Wreak Havoc , Hurricane Maria , San Juan , Typhoon Nanmadol , Banks Around , World Expected ,