Inflation

The economy may be in better shape than you think… for now

A version of this story first appeared in CNN Business’s Before the Bell newsletter. Not a subscriber? you can register right here. New York CNN Business — the real-estate market it is rapidly losing strength. Interest rates keep climbing. the stock Exchange remains volatile. Y inflation it’s still a major problem for people trying to …

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Inflation and interest rate hikes will push the US economy into a mild recession, says Fitch

New York CNN Business — stubborn inflation and the Federal Reserve giant interest rate hikes will push the US economy into a mild 1990-style recession starting in the spring, Fitch Ratings warned on Tuesday. In a report first obtained by CNN, Fitch cut its US growth forecasts for this year and next due to one …

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Bank of England strengthens emergency stimulus to help ease market turmoil

The Bank’s Financial Stability Committee announced on September 28 a two-week emergency purchase program for long-term UK government bonds. Mayor Bloomberg | Mayor Bloomberg | fake images LONDON — The Bank of England on Monday announced new measures to ensure financial stability in the UK, building on its intervention in the long-term bond market. The …

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Consumers are increasingly optimistic about the US economy.

CNN — Consumer confidence increased for the second consecutive month in September, What the moderation of gasoline prices and the hope that inflationary pressures are easing helped lift the collective spirits of the nation. The Conference Board reported Tuesday that its benchmark index rose to 108 from a revised 103.6 in August, the highest since …

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Fed is now expected to keep raising rates and then keep them there, CNBC poll shows

US Federal Reserve Chairman Jerome Powell gives a news conference after the surprise announcement that the FED will cut interest rates on March 3, 2020 in Washington, DC. Eric Baradt | AFP | fake images Wall Street finally seems to be buying into the idea that the Federal Reserve will raise rates into tightening territory …

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The European Central Bank raises rates by 75 basis points

The European Central Bank announced an interest rate hike of 75 basis points on Thursday, bringing its benchmark deposit rate to 0.75%. “This important step anticipates the transition from the predominantly accommodative level of policy rates to levels that will ensure the timely return of inflation to the ECB’s 2% medium-term target,” it said in …

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Weak Yen Is The Most ‘Textbook-Driven Currency Move’ In 30 Years: Monex Group

The worst is not over for the Japanese yen: it could fall further in the coming months, according to Jesper Koll, director of financial services firm Monex Group. “I think the parabolic overshoot is still on its way, so I expect we’ll see 150, 160 at some point over the next couple of months,” Koll …

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