Bank of England Keeps Rates Steady for First Time in Nearly Two Years
After 14 consecutive interest rate increases, the central bank’s long fight against persistent inflation in Britain is entering a new phase.
Posted inConsumer Behavior Federal Reserve System Inflation (Economics) Interest Rates Powell, Jerome H Prices (Fares, Fees and Rates) United States Economy
What to Watch at the Fed’s September Meeting
The Federal Reserve is unlikely to declare victory in its war on inflation. But investors will watch for any hint that rate increases might be over.
Posted inChina Federal Reserve System Goldman Sachs Group Inc Great Britain Inflation (Economics) Interest Rates internal-storyline-no Oil (Petroleum) and Gasoline Powell, Jerome H Stocks and Bonds United States Economy
$100 Oil Could Scramble the Fed’s Efforts to Ease Inflation
Goldman Sachs and others are predicting that crude will hit triple-digit prices, a scenario that could impact global economic growth.
Posted inCommodities Inflation (Economics) Oil (Petroleum) and Gasoline Organization of the Petroleum Exporting Countries Prices (Fares, Fees and Rates) Refineries Strategic Petroleum Reserve (US)
Gas Prices Have Crept Higher This Summer, a Challenge for the Fed
Now at their highest level in 11 months, they can complicate the Federal Reserve’s campaign to rein in inflation.