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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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Pound tanking, massive tax cuts and talk of emergency hikes. Here’s what’s going on in the UK

Pound tanking, massive tax cuts and talk of emergency hikes. Here’s what’s going on in the UK

[ad_1] Britain's Prime Minister Liz Truss and Britain's Chancellor of the Exchequer Kwasi Kwarteng.Dylan Martinez | Afp | Getty ImagesLONDON – The first fiscal policy announcement from new British Prime Minister Liz Truss's government has been met with one of the most pronounced market sell-offs in recent history.The British pound

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HSBC warns investors to avoid European stocks in the search for value

HSBC warns investors to avoid European stocks in the search for value

[ad_1] Fog shrouds the Canary Wharf business district including global financial institutions Citigroup Inc., State Street Corp., Barclays Plc, HSBC Holdings Plc and the commercial office block No. 1 Canada Square, on the Isle of Dogs on November 05, 2020 in London, England.Dan Kitwood | Getty Images News | Getty

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Fed raises rates by another three-quarters of a percentage point, pledges more hikes to fight inflation

Fed raises rates by another three-quarters of a percentage point, pledges more hikes to fight inflation

[ad_1] The Federal Reserve on Wednesday raised benchmark interest rates by another three-quarters of a percentage point and indicated it will keep hiking well above the current level.In its quest to bring down inflation running near its highest levels since the early 1980s, the central bank took its federal funds

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Here’s everything the Federal Reserve is expected to do today

Here’s everything the Federal Reserve is expected to do today

[ad_1] Construction workers outside the Marriner S. Eccles Federal Reserve Building, photographed on Wednesday, July 27, 2022 in Washington, DC.Kent Nishimura | Los Angeles Times | Getty ImagesThere's not a lot of mystery surrounding Wednesday's Federal Reserve meeting, with markets widely expecting the central bank to approve its third consecutive

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Sweden’s central bank launches 100 basis point rate hike, says ‘inflation is too high’

Sweden’s central bank launches 100 basis point rate hike, says ‘inflation is too high’

[ad_1] Sweden's Riksbank launched a 100 basis point hike to interest rates on Tuesday as it looks to rein in inflation.Mikael Sjoberg/Bloomberg via Getty ImagesSweden's Riksbank on Tuesday launched a 100 basis point hike to interest rates, taking its main policy rate to 1.75%, as it warned that "inflation is

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Trussonomics? What to watch as the new UK prime minister battles multiple crises

Trussonomics? What to watch as the new UK prime minister battles multiple crises

[ad_1] New British Prime Minister Liz Truss delivers a speech outside Downing Street, in London, Britain September 6, 2022.Toby Melville | ReutersLONDON — New British Prime Minister Liz Truss faces a confluence of economic challenges, but will need to balance her own ideals with the immediate needs of the country.Last

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Watch Fed Chair Jerome Powell speak live in a Q&A at the Cato Institute

Watch Fed Chair Jerome Powell speak live in a Q&A at the Cato Institute

[ad_1] [The stream is slated to start at 9:10 a.m. ET. Please refresh the page if you do not see a player above at that time.]Federal Reserve Chairman Jerome Powell speaks Thursday morning in a question-and-answer session at the Cato Institute, a Washington, D.C.-based think tank.His remarks come with markets

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Market bracing for another three-quarter point hike from the Fed this month

Market bracing for another three-quarter point hike from the Fed this month

[ad_1] Federal Reserve Board Chairman Jerome Powell speaks during a news conference in Washington, DC, on July 27, 2022.Mandel Ngan | AFP | Getty ImagesTraders are now seeing a near-certainty that the Federal Reserve enacts its third consecutive 0.75 percentage point interest rate increase when it meets later this month.The

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