The 0.3 percent economic contraction announced in the first quarter of the US was revised to 0.2 percent.
An appeals court in the US allowed Trump’s tariffs to remain in effect for now.
Dallas Fed President Lorie Logan and San Francisco Fed President Mary Daly said in statements on Thursday that interest rates could be kept constant to achieve the inflation target.
According to a statement from the US Federal Reserve, Fed Chair Jerome Powell met with President Donald Trump at the White House on Thursday.
Oil prices have declined ahead of the uncertainty of tariff wars and the OPEC+ meeting.
International Energy Agency (IEA) President Fatih Birol answered Bloomberg HT’s questions. Birol said that China was dominating the refining of critical minerals with a far-sighted policy. Birol explained that just as the agency has a system to relieve shortages when there is an oil crisis in the market, they will conduct a similar study on critical metals.
According to Goldman Sachs, carry trade has become more fragile with the decline in TL.
According to the data of the Banking Regulation and Supervision Agency (BDDK), consumer credit growth increased by 6 points in the week of May 23.
The total of currency-protected deposits decreased to TL 585 billion as of the week of May 23.
In the first Investment Environment Improvement Coordination Board (YOİKK) meeting of 2025, chaired by Vice President Cevdet Yılmaz; it was stated that the actions targeted to be carried out in the 2025-2026 period were shaped by focusing on certain main themes, and within this scope, topics such as improving judicial processes, creating new investment areas, and encouraging high-tech investments came to the fore.
Foreign investors, who made strong purchases the previous week, bought $13.2 million worth of stocks and $148.4 million worth of bonds in the week of May 23.
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