Inflation Archives

Gold prices rise as risk sentiment weakens globally

cairo24x7.comDecember 19, 2025December 19, 2025

December 19, 2025December 19, 2025

LONDON, December 19, 2025: Gold prices rose on Thursday as investors shifted toward safe-haven assets amid weaker risk sentiment following mixed U.S. labor market data, geopolitical tensions, and firm...

Business

Egypt’s central bank cuts interest rates by 200 basis points

cairo24x7.comAugust 29, 2025August 28, 2025

August 29, 2025August 28, 2025

Egypt’s central bank cut rates by 200bps, easing policy amid slowing inflation, improving growth, and greater economic stability....

Business

World merchandise trade to grow 2.7% in 2024, WTO forecasts

cairo24x7.comOctober 12, 2024October 12, 2024

October 12, 2024October 12, 2024

WTO forecasts global merchandise trade growth of 2.7% in 2024 and 3.0% in 2025, citing easing inflation, declining interest rates, and risks from geopolitical tensions....

Business

Fed Chair Powell signals smaller rate cuts to keep economy in solid shape

cairo24x7.comSeptember 30, 2024September 30, 2024

September 30, 2024September 30, 2024

Federal Reserve Chair Jerome Powell emphasized a cautious approach to future rate cuts, noting that the Fed will act based on economic conditions, inflation trends,...

Business

Gold price hits new all-time high amid macro uncertainties

cairo24x7.comSeptember 23, 2024September 23, 2024

September 23, 2024September 23, 2024

Gold hits a record high at USD 2,607/oz, reflecting over 25% gains YTD, driven by geopolitical tensions, USD diversification, and macroeconomic uncertainty....

Business

Fed cuts rates by half point amid slowing job gains

cairo24x7.comSeptember 18, 2024September 18, 2024

September 18, 2024September 18, 2024

The Federal Reserve cut rates by half a percentage point Wednesday, its first move since the Covid pandemic, in an effort to stabilize inflation and...

Business

Chinese Yuan hits record lows against surging US dollar

cairo24x7.comMay 9, 2023May 9, 2023

May 9, 2023May 9, 2023

The yuan has hit new record lows against the surging US dollar, with the internationally-traded yuan reaching its lowest point since 2011 and China’s domestic...

Business

Pakistan’s economy suffers major setback as IMF denies $6 billion loan

cairo24x7.comMay 8, 2023May 8, 2023

May 8, 2023May 8, 2023

The International Monetary Fund (IMF) has dealt another blow to Pakistan’s economy by rejecting the country’s claim of fulfilling the conditions necessary to secure a...

Business

CEO of JPMorgan says it is too soon to declare victory over inflation

cairo24x7.comFebruary 9, 2023

February 9, 2023

JPMorgan Chase & Co.‘s CEO Jamie Dimon cautioned against declaring victory too soon against inflation, warning the Federal Reserve might raise interest rates above 5%...