The departure of Prime Minister Liz Truss raises uncertainty in a country searching for answers to soaring inflation and stagnant growth.
Category: Government Bonds
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After a Storm, Britain’s Economy Finds Itself Rudderless
The New York Times – Business: -
Truss Defied the Markets, and They Ruthlessly Sealed Her Fate
The New York Times – Business:World leaders buffeted by economic challenges are watching the turmoil in Britain with anything but relish, hoping that Liz Truss’s woes won’t be a harbinger for other countries.
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New U.K. Finance Minister Pulls Back Further on Fiscal Plan
The New York Times – Business:Jeremy Hunt, the new chancellor of the Exchequer, announced a sweeping reversal in an effort to steady the markets and reduce the pressure on Prime Minister Liz Truss.
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British Pound and Bond Prices Rise as New Chancellor Accelerates Tax Plans
The New York Times – Business:Jeremy Hunt, Britain’s new top finance official, said he would bring forward by two weeks measures to “support fiscal sustainability.”
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After Weeks of Turmoil, UK Markets Face Another Test on Monday
The New York Times – Business:Investors will get to weigh in after the Bank of England ended its bond market intervention and the bank’s governor offered conciliatory words over the weekend.
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With So Much Riding on the Fed’s Moves, It’s Hard to Know How to Invest
The New York Times – Business:Where the markets go from here depends on whether and how deftly the Federal Reserve pivots from its hawkish stance.
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New E.T.F.s Turn the Funds’ Virtue of Low Risk on Its Head
The New York Times – Business:Using a variety of means to bet on the direction of a single stock, they add a layer of complexity that worries some investment professionals.
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U.K. Markets Slump Despite Kwasi Kwarteng’s Ouster
The New York Times – Business:Kwasi Kwarteng, the chancellor of the Exchequer, was fired on Friday by Prime Minister Liz Truss in a bid to end weeks of market turmoil.
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Andrew Bailey Battles Inflation Amid Britain’s Financial Storm
The New York Times – Business:Andrew Bailey, the Bank of England chief, is trying to calm markets, wrestle inflation and maintain the bank’s credibility amid Britain’s financial storm.
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Markets Plunge After High CPI Inflation Reading
The New York Times – Business:Stocks initially tumbled, then rebounded sharply after a report that signaled the Fed would continue raising interest rates aggressively.
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Liz Truss Stirs Uncertainty Over the U.K.’s Economic Plans
The New York Times – Business:Prime Minister Liz Truss appeared to rule out cuts in public spending, as doubts about the fiscal soundness of the government’s program continued to roil the markets.