Even super-tight policy is not bringing down prices – The Economist
It feels a little unfair. In July 2021, as rate-setters in America and Europe dismissed the risk of entrenched inflation, the Central Bank of Chile...
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Higher Interest Rates Can Take a Long Time to Bring Down Inflation – WSJ
The world’s central banks face a nail-biting wait. They have raised interest rates this year at the fastest pace in decades. But those hikes work...
Investing in the Shadow of a Recession – The New York Times
It’s come to this: Even fairly bullish outlooks about the U.S. stock and bond markets are beginning to assume that there will be some kind...
3 things that will help reduce the sting of high inflation – CNN
There’s really nothing nice to say about inflation when it comes to your bottom line. It’s hard on your wallet. It’s hard on your savings...
Interest rates unlikely to rise above 5%, says Bank of England official – The Guardian
Interest rates set by the Bank of England are unlikely to rise above 5% as markets previously expected, a senior official has suggested, saying the...
ECB Seen Sending Rates to Higher Peak in Face of Recession Risk – Bloomberg
The European Central Bank will act much more forcefully than previously anticipated to rein in record inflation, even as the euro zone succumbs to a...
Investors now expect Fed to raise rates to 5% next year – The Financial Times
Investors now expect the Federal Reserve to raise interest rates to 5 per cent next year, suggesting that it will need to hammer the brakes...
Jobless Claims Fell Last Week in Still-Tight Labor Market – WSJ
U.S. worker filings for jobless benefits fell last week, a sign layoffs remain low in a tight labor market. Initial jobless claims, a proxy for...
Amazon could pay UK shoppers £900m compensation – BBC News
Amazon shoppers in the UK could receive a share of £900m in compensation, once a legal claim is submitted against the technology giant. The proposed...
Pound rises as Liz Truss announces resignation – BBC News
The pound rose against the dollar and government borrowing costs dipped as the markets reacted to Prime Minister Liz Truss’s resignation. Sterling hit $1.13 as...