Bank of England surprises with 50 basis point rate hike to tackle persistent inflation
LONDON — The Bank of England on Thursday surprised markets with a 50 basis point hike to interest rates, its…
Watch Fed Chair Powell speak live on rate hikes and more to a House panel
[The stream is slated to start at 10 a.m. ET. Please refresh the page if you do not see a…
Powell expects more Fed rate hikes ahead as inflation fight ‘has a long way to go’
Federal Reserve Chairman Jerome Powell on Wednesday affirmed that more interest rate increases are likely ahead until additional progress is…
Bank of England’s conundrum deepens as inflation and labor market stay hot
LONDON — The Bank of England is “caught between a rock and a hard place” as it prepares for a…
Rate cuts, hikes and pauses: The world’s central banks just made very different decisions
From hawkish pauses to rate hikes and dovish tones, the world’s biggest central banks last week struck very different tones…
Fed holds off on rate hike, but says two more are coming later this year
WASHINGTON — The Federal Reserve on Wednesday decided against what would have been an 11th consecutive interest rate increase as…
Stock markets are ignoring a ‘laundry list’ of risks, strategist says
Stock markets are ignoring a “laundry list” of potential risks in their recent bull run, and a big downturn could…
Why wealthy Americans love UBS, the secretive Swiss banking giant
With its $3.2 billion acquisition of Credit Suisse, UBS is poised to climb the ranks of global mega banks. UBS…
Major central banks were expected to pause rate hikes soon. Now it’s not so clear cut
The market has long been pricing in interest rate cuts from major central banks toward the end of 2023, but…
ECB’s de Guindos warns financial markets are vulnerable to a sharp sell-off
Financial markets could face a sharp downturn in the event of any further shocks to the global economy, European Central…
