(Bloomberg) — Federal Reserve officials will maintain their resolutely hawkish stance next week, laying the groundwork for interest rates reaching 5% by March 2023, moves that seem likely to lead to a US and global recession, economists surveyed by Bloomberg said. Most Read from Bloomberg The Federal Open Market Committee will raise rates by 75 …
Fed Seen Aggressively Hiking to 5%, Triggering Global Recession Read More »
Image source: Getty Images Average interest rates on savings accounts have tripled in one year. Key points The federal funds rate is the rate at which banks and credit unions borrow from and lend to each other. The Federal Reserve has raised interest rates five times this year to deal with high inflation. Banks pass …
Editor’s Note: Sign up for CNN’s Wonder Theory science newsletter. Explore the universe with news on fascinating discoveries, scientific advances and more. CNN — NASA has rolled the massive Artemis I mega moon rocket back into its hangar, called the Vehicle Assembly Building, at the Kennedy Space Center in Florida to protect it from Hurricane …
Artemis I rocket rolled back inside as Hurricane Ian tracks toward Florida | CNN Read More »
Rate hikes to keep up with the Fed would work. But the Bank of Japan still digs in its heels. Its balance sheet has shrunk for months though. By Wolf Richter for WOLF STREET. The Bank of Japan is now getting serious about propping up the yen with direct market intervention, after jawboning by the …
(Bloomberg) — Investors who might be looking for the world’s biggest bond market to rally back soon from its worst losses in decades appear doomed to disappointment. The US employment report on Friday illustrated the momentum of the economy in the face of the Federal Reserve’s escalating effort to cool it down, with businesses rapidly …
No Escape From Biggest Bond Loss in Decades as Fed Keeps Hiking Read More »
75 basis point hike in September is almost a done deal, says Shah The stronger-than-expected July jobs report means that the Federal Reserve will likely raise interest rates by three-quarters of a percentage point at its next meeting, as opposed to the half-percentage-point hike markets expected, Seema Shah, chief global strategist at Principal Global Investors, …
Dow futures slide 200 points after strong jobs report likely to keep Fed in hiking mode Read More »
