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Pension fund panic led to Bank of England’s emergency intervention: Here’s what you need to know

Pension fund panic led to Bank of England’s emergency intervention: Here’s what you need to know

[ad_1] The Bank of England on Wednesday launched a historic intervention in the U.K. bond market in order to shore up financial stability, with markets in disarray following the new government's fiscal policy announcements.Bloomberg | Bloomberg | Getty ImagesLONDON – The Bank of England launched a historic intervention to stabilize

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Russia aims to avert historic debt default with last-ditch dollar bond payments

Russia aims to avert historic debt default with last-ditch dollar bond payments

[ad_1] Russia faces renewed threat of debt default on May 4, according to major ratings agencies, as the grace period comes to a close after it attempted to service its dollar bond payments in Russian rubles.Mikhail Tereshchenko | Sputnik | via ReutersRussia looks to have averted a historic sovereign default

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Fed’s Mester casts doubt on the need for ‘shock’ interest rate hikes ahead

Fed’s Mester casts doubt on the need for ‘shock’ interest rate hikes ahead

[ad_1] Cleveland Federal Reserve President Loretta Mester said Friday she's in favor of raising interest rates quickly to bring down inflation, but not so quickly as to disrupt the economic recovery.That means a strong likelihood of backing a 50 basis point rate hike at the next Fed meeting and perhaps

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Fed’s Daly says the economy can handle rate hikes, but a mild recession is possible

Fed’s Daly says the economy can handle rate hikes, but a mild recession is possible

[ad_1] Mary Daly, President of the Federal Reserve Bank of San Francisco, poses after giving a speech on the U.S. economic outlook, in Idaho Falls, Idaho, November 12 2018.Ann Saphir | ReutersSan Francisco Federal Reserve President Mary Daly acknowledged Wednesday that a near-certain series of interest rate hikes over the

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Fed’s Bostic expresses caution about the pace of interest rate hikes

Fed’s Bostic expresses caution about the pace of interest rate hikes

[ad_1] Atlanta Federal Reserve President Raphael Bostic on Tuesday expressed concern about the impact that rate hikes could have on the U.S. economic recovery, saying the central bank shouldn't move so fast that it chokes off growth.Bostic did not commit in a CNBC interview to what pace the Fed should

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Biden to nominate Michael Barr as Fed bank regulator in second attempt to fill post

Biden to nominate Michael Barr as Fed bank regulator in second attempt to fill post

[ad_1] President Joe Biden will nominate Michael Barr to be the Federal Reserve's top regulator in charge of big banks. Barr, who served as assistant Treasury secretary for financial institutions during the Obama administration, seen here at a Treasury Department meeting in Washington, D.C. on Nov. 30, 2010.Andrew Harrer |

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Fed’s Waller sees likelihood of multiple half-point interest rate hikes ahead

Fed’s Waller sees likelihood of multiple half-point interest rate hikes ahead

[ad_1] Getting inflation under control will require raising interest rates at a faster pace than normal even though the pace of price increases probably has peaked, Federal Reserve board member Christopher Waller said Wednesday.That means the central bank likely will hike short-term rates by half a percentage point, or 50

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