Overall, the United States looks strong. But is it strong enough to withstand an interest rate hike by the Federal Reserve? The latest data from the US suggests the turbulences in the global economy might have finally hit the nation.
Federal Reserve Chair Janet Yellen has told the US Congress that interest rates will not have to rise much further. Politicians are concerned that three rate rises have taken place amid an uneven economic recovery.
The Federal Reserve has announced the second interest rate hike this year, lifting it by 0.25 percent to 1-1.25 percent. That's the highest level since 2008, when rates were cut in the wake of the financial crisis.
The jobless rate in Europe’s strongest economy has been falling steeply for years and the latest figures released by the Federal Labor Agency show that unemployment figures are at their lowest since reunification.
The annual inflation rate in Turkey rose for the second month in a row and is now over 11 percent, well above the government's 5-percent target. President Recep Tayyip Erdogan blames high interest rates.
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