monetary policy

The British economy has not yet recovered from the pandemic. Now he’s on the ropes again | CNN Business

London CNN Business – There was good and bad news in Friday’s revised data on the UK economy. It grew – marginally – in the second quarter of the year, rather than contracting as previously estimated. But the latest update from the Office for National Statistics also showed that the UK is the only G7 …

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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 …

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

US economy contraction in the first half of 2022, confirms updated GDP

Numbers: The US contracted in the first six months of the year, revised government figures confirm, painting a picture of an economy reeling from strong headwinds and tailwinds. The Bureau of Economic Analysis said Thursday that gross domestic product, the economy’s official scorecard, fell 0.6% year-on-year in the second quarter. This is unchanged from 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 »

Stunning bond yields plummet after BoE steps in to buy ‘by any measure necessary’

UK bond yields slipped from 14-year highs after the Bank of England said it would buy bonds “in whatever volume is necessary” to restore orderly market conditions. 10-Year Standard Reference Yield TMBMKGB-10Y, 3.983%And the Moving in the opposite direction to prices, it fell 49 basis points to 4.03%, having fallen at one point to less …

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With interest rates rising, here’s how to protect your wallet and your wallet

The Fed is willing to bring pain. are you ready? Weeks ago, Federal Reserve Chairman Jerome Powell warned that there would be “some pain for households and businesses” as the central bank raises interest rates to combat inflation that is higher than it has been in four decades. Powell and other members of the Federal …

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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 »