International Economic
Fed's Powell tells Senate 50bp rate hikes possible - if needed
The head of the Federal Reserve kept the door open to larger rate hikes - if needed - while pointing out that recent economic data had been stronger than expected.
US wholesale inventories fall 0.4% in January
Wholesale inventories decreased 0. 40% month-on-month in January, in line with analysts' estimates.
Cryptos await Powell; Bitcoin tepid at $22,400
Little movement and lukewarmness in cryptocurrencies. Bitcoin (BTC) turns slightly upward and rises 0. 1% in the last 24 hours to $22,400. Ethereum (ETH), meanwhile, rebounds 0. 5% and is back near $1,600.
German factory orders make surprise 1% jump in January
German January factory orders recorded a surprise 1% increase, driven by aircraft orders, official data revealed on Tuesday.
Chinese exports continue to decline in February
China's foreign trade surplus over the first two months of 2023 was larger than expected as the economy reopened and exports rebounded, while import growth lagged behind.