Bank of England officials are expected to take their foot off the accelerator when they meet this week to decide how much the cost of borrowing should rise. The prospect of a year-long recession that would hit living standards, reduce business investment and damage the UK economy’s long-term productive capacity might have made them think …
Bank of England set to spoil party mood with another interest rate hike Read More »
(Bloomberg) – The world’s biggest central banks will end the most aggressive year for interest rate hikes in four decades this week as their fight against inflation still isn’t over, even as their economies slow. . Bloomberg’s Most Read The US Federal Reserve is expected to raise its benchmark rate by 50 basis points on …
The 24-hour hike that ends a year of fighting inflation Read More »
Dow Jones futures were higher ahead of Tuesday’s open after the Dow Jones Industrial Average sold more than 480 points on Monday. Tesla stock plunged after several reports announced that Tesla plans to cut production of electric vehicles in China as demand appears to be weakening. X The electric vehicle giant has refuted the reports, …
Dow Jones plunges 480 points as investors fear Fed rate hike through 2023 Read More »
Indian startups raised $1.27 billion in funding in November – the highest in a month since June, when a funding slowdown became palpable and began to hit India’s funding market. The rise in funding last month was primarily driven by early and growth-stage funding rounds that crossed the $1 billion mark in revenue after more …
Investors remain cautious despite November funding hike to $1.27 billion Read More »
The MTA plans to raise fares and tolls by 5.5% next June to help address a major budget shortfall caused by declining ridership since the start of the pandemic, officials said Wednesday. The increase is greater than the 4% increases in fares and tolls the MTA implemented every two years from 2009 to 2019. The …
MTA plans 5.5% rate hike next year, needs $600 million more to make up shortfall Read More »
Anyone watching the market knows that stocks have been hammered since the Federal Reserve started in March, which turned into an aggressive series of interest rate hikes, but Deutsche Bank strategists say they might be surprised to learn that these rate hikes are probably not the culprit. The S&P 500 SPX, -0.32% has experienced a …
Why the stock market is suffering its worst rate hike cycle performance ever Read More »
Stocks rose on Wednesday after minutes from the Federal Reserve’s latest policy meeting signaled a likely slowing in the pace of the central bank’s interest rate hikes next month. When the closing bell rang on Wall Street, all three major indexes were in green numbers, with the S&P 500 up 0.6%, the Dow Jones up …
Stocks rise after Fed minutes signal slowing rate hike Read More »
New Zealand dollar strengthens after biggest rate hike The New Zealand dollar strengthened to 0.6192 against the dollar after the central bank raised rates by 75 basis points, its biggest rise on record. The NZD last traded at 0.6170 against the dollar and the NZX 50 index in New Zealand fell 0.8%. The New Zealand …
solarseven // Shutterstock Signs global bond markets could bottom after central bank rate hikes Person checking financial charts on the phone Fixed income investors are experiencing what could be the toughest year for bond markets in 45 years, with 2022 shaping up to be the worst since 1931. Bonds are units of debt issued by …
Signs global bond markets could bottom after central bank rate hike – KION546 Read More »
solarseven // Shutterstock Signs global bond markets could bottom after central bank rate hikes Person checking financial charts on the phone Fixed income investors are experiencing what could be the toughest year for bond markets in 45 years, with 2022 likely to be the worst since 1931. Bonds are units of debt issued by companies …
Signs global bond markets could bottom after central bank rate hike – Reuters Read More »
