Economic News Category

Bank of England governor Andrew Bailey acts as an inflation rocket, the highest in 30 years at 6%   The pound sterling has risen against the dollar and euro as the Bank of England raised interest rates for the first time since the pandemic.  Warning that inflation is approaching its highest level in 30 years,

The Fed is expected to take a huge step towards raising rates The Federal Reserve is, of course, expected to announce dramatic changes on Wednesday, which will pave the way for the first rate hike next year. The market expects the Fed to accelerate its bond purchase program and change its end date from June

The Federal Reserve of the United States is bracing itself to face the Inflation Challenge After more than a decade of subdued inflation, a wave of price increases has swept through the US economy, affecting automobiles, housing, and food, and shaking policy makers intent on selling a reassuring message of recovery. President Joe Biden has

USA November, inflation rose 6.8%, much higher than expected, and reached its highest level since 1982 The Labor Department said Friday that inflation accelerated at its fastest pace since 1982, putting pressure on economic recovery and raising interest rates by the Fed. The Consumer Price Index, which measures the value of a diverse basket of

European stocks move higher ahead of central bank meetings European stocks are expected to open higher on Monday as investors brace for stimulus cuts and rate hikes.  About 20 central banks are expected to hold monetary policy meetings this week, including the Fed, the European Central Bank and the Bank of England.  The Federal Reserve’s