Bank of England set to raise interest rates again – BBC News
Interest rates are expected to be increased again by the Bank of England as the cost of living soars. The benchmark rate stands at 3%...
Author : Nelli Avetisyan
Fed Raises Rate by 0.5 Percentage Point, Signals More Increases Likely – WSJ
The Federal Reserve approved an interest-rate increase of 0.5 percentage point and signaled plans to lift rates through the spring, though likely in smaller increments,...
Pandemic Loans Are Coming Due but Some Businesses Aren’t Ready to Repay – WSJ
Many small businesses that received federal pandemic aid are now on the hook for repayments, and some say the timing couldn’t be worse. WrightIMC, based...
Goldman Sachs weighs bonus cut of at least 40% at investment bank – The Financial Times
Goldman Sachs is considering shrinking the bonus pool for its more than 3,000 investment bankers by at least 40 per cent this year, as chief...
Bitcoin has rallied. What are crypto’s true believers still smoking? – The Guardian
As fraud and conspiracy charges were laid against FTX founder Sam Bankman-Fried in the US on Tuesday, a funny thing happened to the price of...
To ringfence or not to ringfence – is that the question?
UK chancellor Jeremy Hunt’s decision to revisit the bank ring-fencing regime as part of his financial regulation reform agenda – the so-called ‘Edinburgh Reforms’, lauded...
UK inflation eases to 10.7% as annual rate of price increases slows – The Guardian
The UK inflation rate declined to 10.7% in November as the momentum behind the rising cost of food and energy began to ease amid growing...
Fed to Downshift to Half-Point Hike But Point to Higher Peak – Bloomberg
The Federal Reserve is poised to moderate its aggressive tightening on Wednesday while signaling that interest rates will ultimately go higher than previously forecast. The...
Europe may not find energy efficiency sexy — but it’s crucial – The Financial Times
Given how much time EU leaders devote to discussing gas price caps, you would be forgiven for thinking that they are the solution to Europe’s...
Inflation may be easing, but grocery prices are still way up – CNN
Once again, food inflation is outpacing overall inflation. In the year through November, food got 10.6% more expensive, with grocery prices rising 12% and menu...