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30.10.26 - 23:01
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Treasury says Iran′s economy cratering, inflation at 90 percent (The Hill)
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The U.S.'s economic isolation campaign against Iran is “decimating” the country's economy, according to a Treasury Department report released Friday. The Trump administration launched its sweeping economic pressure campaign, dubbed “Operation Economic Outcast,” at the end of August. During a Wednesday appearance on CNBC, Treasury Secretary Scott Bessent said the effort has been “very successful.”......
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30.10.26 - 18:57
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"Mission Accomplished": BOJ Declares Victory Over Deflation, Then Speeds Up ETF Dump To A Breakneck 43 Years (ZeroHedge)
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"Mission Accomplished": BOJ Declares Victory Over Deflation, Then Speeds Up ETF Dump To A Breakneck 43 Years
Fourteen years, three governors, negative rates, yield curve control and the largest central bank equity hoard in history later, the Bank of Japan finally said the words.In its quarterly Outlook Report released overnight alongside a widely expected decision to keep the policy rate at 1.25% (by an 8-1 vote, with hawk Hajime Takata dissenting in favor of a hike to 1.50%), the BOJ quietly retired the phrase it has used for years, that it expects to achieve its 2% target "between the second half of fiscal 2026 and fiscal 2027", and replaced it with this:"underlying CPI inflation is at a level that is generally consistent with the price stability target of 2 percent."In other words, the war on deflation that has defined the Japanese economy for three decades is, officially, over. Reuters called it the BOJ declaring "victory in a nearly 14-year battle to hit...
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30.10.26 - 17:36
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Poundland in peril: how rampant inflation and price wars left £1 stores exposed (The Guardian)
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With the chain on the brink of administration, its low-profile US owners face questions about their conduct“It was a very successful and simple proposition,” laments one former Poundland boss. With every product in the shop sold at £1, and the price in its name, its proposition to shoppers was the clearest of any UK high street chain.Now the UK's first and biggest nationwide single-price retailer could disappear amid heavy competition and inflation that has eaten into its ability to offer bargains. Continue reading......
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30.10.26 - 16:24
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Gold hits one-year low, silver slips below $50 as inflation fears bite (Times of India)
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Gold and silver prices have plummeted to their lowest in a year as energy costs surge and inflation remains a pressing concern. The decline in precious metals mirrors waning investor confidence, driven by fears over persistently high interest rates set by the US Federal Reserve. Furthermore, weak demand from major Asian markets is further stifling gold sales, contributing to the downturn seen in platinum and palladium as well....
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30.10.26 - 15:39
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Tankrabatt: Inflation im Oktober gesunken (Spiegel)
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Hohe Energiepreise treiben die Teuerung in Deutschland weiter an. Im Oktober hat der Tankrabatt der Bundesregierung für Entlastung gesorgt: Die Inflation sank auf unter drei Prozent. Eine Trendwende sehen Experten dennoch nicht....
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