Finance and Investments

Chinese yuan hovers near record lows against dollar despite central bank warning | CNN Business

Hong Kong CNN Business – Chinese yuan Hovering near record lows against the US dollar in the offshore market on Thursday, as major currencies around the world continued to slide after the Federal Reserve’s violent hikes. The yuan – also known as the renminbi – has been falling for several months despite interventions by the …

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How does the US export inflation to other countries | CNN Business

London CNN Business – The Federal Reserve is laser focused on stopping price hikes in the United States of America. But countries thousands of miles away are reeling from their ruthless campaign to stifle inflation, their central banks are forced to raise interest rates faster and higher, and a runaway dollar causes their currencies to …

How does the US export inflation to other countries | CNN Business Read More »

How does the US export inflation to other countries | CNN Business

London CNN Business – The Federal Reserve is laser focused on stopping price hikes in the United States of America. But countries thousands of miles away are reeling from their ruthless campaign to stifle inflation, their central banks are forced to raise interest rates faster and higher, and a runaway dollar causes their currencies to …

How does the US export inflation to other countries | CNN Business Read More »

Consumers are more optimistic about the US economy CNN Business

CNN – Consumer confidence rose for the second consecutive month in September, as such Moderate gas prices and hope for easing inflationary pressures Help raise the collective mood of the nation. The Conference Board reported Tuesday that its baseline index rose to 108 from a revised 103.6 in August, its highest level since April. The …

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Fed again advances interest rate hike by three-quarters of a straight point | CNN Business

Washington DC CNN Business – The Federal Reserve made history on Wednesday, agreeing to a third consecutive hike of 75 basis points in a strong move to tackle the severe inflation plaguing the US economy. The massive rally, which could not be understood by markets just months ago, is taking the central bank’s benchmark lending …

Fed again advances interest rate hike by three-quarters of a straight point | CNN Business Read More »