The recent depreciation of the shekel and rising inflation expectations in Israel have raised concerns regarding the potential effects on the economy. Inflation projections from capital markets for this year have risen beyond the target range of the Bank of Israel,...
The Israeli shekel is currently experiencing a period of weakness against major currencies such as the US dollar and the euro. The reasons behind this trend are complex and multifaceted, with both domestic and international factors contributing to the shekel's...
In February, Israel's inflation rate fell to a four-month low of 5.2%, down from 5.4% in January. While this may appear to be good news, it was actually higher than expected, suggesting that the Bank of Israel may raise interest rates again next month. The consumer...
Silicon Valley Bank, a start-up focused lender, suffered a sudden bank run last week and collapsed on Friday morning, being taken over by the U.S. federal regulators. The bank had specialized in banking for tech start-ups since 1983 and provided financing for almost...
On March 7, 2023, Federal Reserve Chairman Jerome Powell gave a semi-annual monetary policy testimony to the US Senate Banking Committee, indicating that the Federal Reserve is planning to raise interest rates in the coming months. Powell stated that if the economic...
Nouriel Roubini, an American economist and professor at New York University known as Dr. Doom for correctly forecasting the 2008 financial crisis, has warned that the government's proposed legal reforms could cause a recession in Israel. According to Roubini,...
Fitch, the international ratings agency, has reconfirmed Israel's A+ rating and stable outlook, but expressed concern about the government's planned judicial reform and the independence of the central bank. In assessing Israel's economy, Fitch noted a high debt-to-GDP...
The recent depreciation of the shekel against foreign currencies has sparked speculation that the Bank of Israel will intervene in the foreign exchange market. The shekel has fallen by 8% against the dollar in just over a month since the government's push for judicial...
Inflation in the United States is on the rise and it is expected to impact Israel's economy. The recent release of the Private Consumption Expenditure Index (PCE) data, the preferred inflation index of the Fed, showed that inflation is not decreasing as expected....
The housing market in the United States has lost $2.3 trillion in value, the largest loss since the global financial crisis of 2008. According to data from real estate brokerage Redfin, the total value of U.S. homes dropped by 4.9%, after reaching a peak of $47.7...