Other news

This week, gold is trading in a tight range as investors refrained from making large bets in the run-up to the U.S. Federal Reserve meeting. The central bank is expected to announce an interest rate hike following the session.

According to a statement made by Edward Moya, OANDA’s senior analyst, crude oil prices are under pressure due to existing anxiety about rapid declining of a global economy, which is stimulated by concerns on a possibility of the central bank’s aggressive tightening.

The Federal Reserve has spent much of the year trying to moderate inflation. This week it will look at the new projections through 2025. They will take a closer look at the economic difficulties, their duration and the strength of their impact.

Apple Inc. will increase the prices for apps and the in-store purchases on the App Store starting next month.

The Bank of Japan (BOJ) intends to keep interest rates ultra-low, according to a statement released Thursday. This decision comes hours after the U.S. Federal Reserve (Fed) expected to raise rates. A new wave for yen selling, in turn, is likely to happen.

Boeing CEO Dave Calhoun said in a statement that U.S. regulatory agencies will approve the 737 MAX 10 before the end of the year.

Central bank of Australia is planning another round of raising interest rates to hold down extreme inflation, while it also notes some premises of a possibility to slow down the pace of rate hiking as some policy settings reached the levels closer to regular ones.

This year, the Singapore dollar has emerged as the most stable currency in Asia against the US dollar. Some strategists are betting that it can strengthen if the central bank turns to tighter monetary policy actions again next month amid price pressures.

Economists report inflation in Canada to peak in the fourth quarter of 2022, as there are signs of rapid price increases, confirming the need for a recession in order to avoid the wage-price spiral.

According to a statement made on Saturday by the European Central Bank chief economist Philip Lane, there’s a high possibility of the ECB raising the interest rate next year, which will hurt the consumers. It is connected with an attempt to suppress demand, which is currently contributing to already extremely high inflation.