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Yen hits lowest level against dollar since 1990 
Yen hits lowest level against dollar since 1990 
by  AFP

The yen on Thursday dropped to the lowest level against the dollar since 1990 after US inflation data indicated more aggressive interest rate hikes from the Federal Reserve. Wall Street and European stock markets were meanwhile also down sharply following Thursday's US inflation data that solidified expectations of further big interest rate hikes from the Federal Reserve.

US inflation persists, higher in September over prior month
US inflation persists, higher in September over prior month
by  AFP

US inflation jumped more than expected in September, according to government data released Thursday, in the latest sign that pricing pressures have become more intractable despite aggressive central bank action. The central bank has aimed to stop inflation before it becomes engrained in the economy.

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