Other news

This year, the Fed raised the benchmark interest rate multiplied by five as a measure to cool the economy. The measures were aimed at suppressing consumer and business demand.

Gold prices rose on Friday as the dollar and Treasury bond yields fell, with the prospect of a sharper U.S. Federal Reserve rate hike keeping gold on a downward trend for the week.

In September 2022, the growth rate of consumer prices increased significantly. The last time this was seen was in April 2020. In general, the economy is suffering from the consequences of COVID-19 and the decline of the real estate market. The economy needs to be eased to support it, but since the rise in consumer prices is mainly driven by higher food prices, there are some limitations.

Japan continues to mention undesirable moves on the traders’ part leading to the yen intervention. These actions contribute to speculative movement of the national currency.

A key report about the inflation level showed that the rise in consumer goods prices was higher than expected.

Xbox and Windows 11 users will have access to Apple TV, Apple Music and iCloud apps.

Google could face a lawsuit in the EU that accuses it of anticompetitive conduct in the digital advertising. The company risks its fourth billion-euro fine.

According to Bank of America (BofA), since the launch of the mobile banking application in 2018, 32 million customers have used a virtual assistant, which allows checking payments and account balances, as well as tracking their expenses, more than 1 billion times.

The Federal Reserve Bank will hold another significant interest rate hike in early November, so that the 4,75%-5% mark will already be set for next year due to the persistently high inflation rate.

The price for oil fluctuates as reduced energy consumption is possible due to the upcoming global recession and further monetary tightening.