Money Talks

US consumers get relief as inflation moderates in July

US consumer prices rose 8.5% last month, compared to the same period last year. That's still historically elevated, but it was slower than June's increase of more than 9%, which was the highest in more than 40 years. Across the Pacific in China, rising inflation has been a lot less severe. Consumer prices there rose just 2.7% in July. That's the highest in two years, but still much lower than what other major economies have been reporting. The problem for Beijing is that moderate price increases are a symptom of overall weakness in the economy. For more on inflation readings in major economies, we had Joseph Foudy in New York. He's an economics professor at the NYU Stern School of Business. #UnitedStates #China #Inflation

Turkey's central bank raises key interest rate to 10.25% | Money Talks

Turkey's central bank raises key interest rate to 10.25% | Money Talks

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Turkey Food Prices: Profiteers cause rise in food prices

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Turkey’s central bank lifts 2018 inflation forecast | Money Talks

Turkey’s inflation at highest level in 15 years | Money Talks

Turkey’s inflation at highest level in 15 years | Money Talks

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FTX investors write down assets after bankruptcy declaration

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Wall Street has best day since 2020 after slower than expected inflation data

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Global markets mixed as investors wait for US election results

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