Lows

Angola's Kwanza Hits 25-Year Low Against the Dollar

4 months ago

The Angolan kwanza has plummeted to an all-time low, reaching a level not seen in 25 years. As of September 11, 2024, the exchange rate stood at 1,250 kwanzas to one US dollar. This significant decline is a response from the government to ongoing economic difficulties in the country, including high levels of inflation and diminishing oil export revenues.

US Online Grocery Prices Plunge to Record Lows in August

4 months ago

In August 2024, prices for groceries purchased through online retailers in the United States experienced a significant drop, marking the largest decline ever recorded. This decrease is attributed to various factors, including heightened competition among retailers, market trends, and shifts in consumer preferences.

Traders Debate Rate Cut Size and Path Following Powell's Pivot

5 months ago

Recent comments by Federal Reserve Chairman Jerome Powell regarding potential changes in monetary policy have sparked active discussions among traders in financial markets. Powell stated his intention to remain flexible in response to economic indicators, prompting debates over when and how much the Fed might begin to lower interest rates.