International Economic
Size of next Fed rate hike not yet decided, Powell says
Jerome Powell told US lawmakers that no decision had as yet been taken regarding the size of the potential rate hike at the central bank's 21-22 March policy meeting.
US foreign trade rises by a tad less than expected in February
America's shortfall on trade with the rest of the world widened by slightly less than anticipated in January.
US job openings decline by less than anticipated in January
The number of job openings in the US declined at the start of 2023 albeit by less than anticipated.
US private sector adds more jobs than expected
Private sector employment in the US rose more than expected in February, according to the latest data from ADP.
Eurozone economy stagnates in Q4
The eurozone economy stagnated in the final quarter of last year, according to data released on Wednesday by Eurostat.
Powell and the Fed sink cryptos; Bitcoin loses $22,000
Cryptocurrencies are not getting back on their feet. Bitcoin (BTC) drops 1. 9% in the last 24 hours and falls below $22,000 for the first time in a month, while Ethereum (ETH) drops just over 1% and tries to stabilize around $1,550.
German industrial production posts surprise 3.5% rise in January
German industrial production in January rose far more than expected, surging 3. 5% on the previous month's fall, according to data released by the federal statistical office on Wednesday.