Bank of England Is Set to Raise Rates and Start Asset Sales – Bloomberg
The Bank of England on Thursday is set to raise interest rates and start selling assets built up during a decade-long stimulus program, a historic...
Author : Nelli Avetisyan
What rising interest rates mean for you – CNN
In its continued bid to quash high inflation, the Federal Reserve on Wednesday raised the overnight bank lending rate to a range of 3% to...
IMF chief warns there will be ‘people on the street’ globally unless steps taken to ease inflation – CNN
There will be “people on the street” globally unless steps are taken to protect the most vulnerable from inflation, International Monetary Fund’s (IMF) chief Kristalina...
Jay Powell refuses to rule out US recession after third 0.75% rate rise – The Financial Times
Jay Powell refused to rule out a recession in the world’s largest economy as the Federal Reserve implemented a third consecutive 0.75 percentage point rate...
Wall Street CEOs Cautious About Path of U.S. Economy – WSJ
The heads of the largest U.S. banks expressed concerns about the state of the U.S. economy, warning about the risks of high inflation and rising...
Dominant Employers May Add To Unemployment In Rural US As Fed Raises Rates
Employers with labor market power are more likely to fire workers as rates rise because they can more easily hire back when the Fed cuts...
Bank of England Weighs Biggest Interest-Rate Rise in 33 Years – Bloomberg
The Bank of England this week will consider whether to push through the biggest interest-rate increase in 33 years to respond to surging inflation and...
EU Seeks New Powers Over Supply Chains During Emergencies – WSJ
The European Union staked its claim to sweeping new powers to regulate industries during crises, presenting a controversial proposal that has already drawn opposition from...
Four-day week could alleviate cost of living crisis, thinktank claims – The Guardian
A four-day week with no loss of pay would save parents thousands of pounds a year in childcare and commuting costs, according to a thinktank...
Another big rate hike is coming. Lather. Rinse. Repeat – CNN
The Federal Reserve’s upcoming meeting on Wednesday will be one for the history books. The Fed will either raise rates by three-quarters of a point...