Tag Archives: recession

Following its December policy meeting, the Bank of England (BoE) announced that it raised the policy rate by 50 basis points (bps) to 3.5% as expected. The vote was 6-3 in favor of the rate decision. Two members, Tenreyro and Dhingra, voted to keep rates at 3% while Mann voted …

The Fed decided a 50-basis point rate hike as expected, while the policy statement was closer to a copy of the previous one. The US central bank is still adopting reserved language about the possibility of recession, but with most Fed officials considering downside risks, it is fair to say …

Investors are busy analyzing the potential levels of the Fed’s hawkishness. They are also digesting Wednesday’s speech by Fed Chair Jerome Powell. Fed officials projected that rates will rise at least another half a percentage point next year. That was enough to impact US stocks that became lower and at …

FOMC Chairman Jerome Powell comments on the policy outlook after the Federal Reserve’s decision to raise the policy rate by 50 basis points to the range of 4.25-4.5% following the December policy meeting.Key Quotes“Data we have received so far on inflation for October and November do show a welcome reduction …

Tomorrow is Jerome Powell’s last FOMC speech for 2022. The Federal Reserve has previously signaled a general tendency to step down the pace of interest rate hikes upon concluding its two-day meeting on Wednesday, with extensive expectations of a half-point rate hike to a range of 4.25% to 4.5%. Nevertheless, …

US Treasury Secretary Janet Yellen said on Thursday that the Biden administration is listening to concerns raised by European allies over the US Inflation Reduction Act, a $430 billion green energy subsidy package.Many European Union countries fear their companies will be unfairly disadvantaged by the subsidies contained in the new …

The GBP/USD pair slides amid risk aversion at start of week US session. The British Pound is vulnerable to soured UK politics and economy. The US dollar bulls are moving in on the face of stronger US economic data.The British Pound is under pressure in the US trading session as …

Amazon founder Jeff Bezos has advised consumers and businesses of postponing large purchases in the coming months as the global economy contends with a downturn and faces a most possible recession.Bezos offered his simplest advice on a uncertain economy in an exclusive sit-down interview with CNN. Bezos also urged people …

The Bank of England is pondering further raise interest rates due to concerns that inflation could become woven into the British economic activities, despite the growing risks of a prolonged recession according to BoE’s chief economist Huw Pill.Pill noted that there was “still more to do” to tackle soaring inflation …

Interviewed by Dubai TV, on Monday, Mohammed Hashad, Head of Research and Development at Noor Capital and member of the American Association of Technical Analysts, commented on, and highlighted the latest developments in the financial markets; and most notably the continued US and European interest rate hikes, while inflation levels …