by Xinhua
News.cn
Even if the United States reaches an inflation rate of 2 percent, the purchasing power of the public, household inflation, and the overall purchasing power of money would not return to previous levels, a Turkish analyst said.
ISTANBUL, Sept. 24 (Xinhua) — Market participants remain uneasy as the U.S. Federal Reserve cut interest rates by 50 basis points on Wednesday, amidst growing uncertainties in the U.S. economy, said a Turkish analyst.
Typically, when markets receive more than expected — like a 50-basis point cut instead of a 25-basis point — it should generate positivity, Murat Tufan, an analyst with the EkoTurk broadcaster, told Xinhua in a recent interview.