Central banking
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UK inflation jumps to 40-year high of 9% as food and energy prices spiral
The UK’s Office for National Statistics said its estimates suggest that inflation would have last been higher “sometime around 1982.”…
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UK economy ‘only going to get worse’ as growth slowdown begins
The UK economy shrank by 0.1% in March and the situation is expected to worsen as the country’s cost-of-living crisis…
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Stocks end rocky week with their 5th straight weekly decline
NEW YORK – A turbulent week on Wall Street ended Friday with more losses and the stock market’s fifth straight…
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ECB member pushes for quick move to raise rates
The European Central Bank should move quickly to raise interest rates in order to tackle soaring inflation, according to Finland’s…
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Fed’s Message on Interest-Rate Path, Destination Will Be Scrutinized
Investors tuning into Federal Reserve Chairman Jerome Powell’s news conference Wednesday will focus on his comments on how high interest…
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