Friday, June 17, 2022

World’s central banks unleash most hawkish campaign since 1980s

The week began with a sudden shift on Wall Street to price in a 75 basis point interest-rate increase by the Federal Reserve. The US central bank delivered that on Wednesday -- the biggest move since 1994 -- as Chairman Jerome Powell declared himself “strongly committed to bringing inflation back down.”

from Economy-News-Economic Times https://ift.tt/Bz0IjHG
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