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Stay informed with XM Live Education, your go-to platform for live learning sessions. Turkish Central Bank Governor Fatih Karahan and Finance Minister Mehmet Simsek are set to meet with foreign investors in Istanbul to discuss Turkey’s efforts to combat inflation. Don’t miss out on the latest news and insights from the financial world!
Turkey’s Inflation Crisis: Experts Predict Peak Near 75%
Turkey is on the brink of overcoming its inflation crisis, with experts predicting a peak close to 75% before a deceleration in price growth. President Recep Tayyip Erdogan’s re-election has led to a shift towards more conventional economic strategies, aiming for inflation to align with forecasts. However, some experts are cautious about the ambitious target of 38%, with concerns that deviation could lead to further rate hikes.
US Inflation Expected to Slow Further as Labor Pool Expands
US inflation is down from a four-decade high as the labor force grows. Economists are optimistic about the potential for a ‘soft landing’ and reduced pressure on wages and labor costs.
Report: Corporate Profits Drive Ongoing Inflation in the US
A recent report by the progressive Groundwork Collaborative thinktank has revealed that high corporate profits are a significant driver of ongoing inflation in the US. The report claims that companies continue to keep prices high despite a drop in their…