Biden and McCarthy fail to make a deal

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Source: Dukascopy Bank SA
During the most recent negotiations done on Monday, the US President Joe Biden and US House Speaker Kevin McCarthy have failed to reach an agreement on an increase of the US sovereign debt ceiling.
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Wed, 24 May 2023 07:12:26 GMT

RBNZ ends monetary tightening

The Reserve Bank of New Zealand has unexpectedly revealed that it would end its monetary tightening cycle. This morning, the central bank hiked its rate from 5.25% up to 5.50% and announced that it is the last hike.

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