Inflation

ECB and Bank of England hike interest rates again in fight with inflation

London CNN — Europe’s two largest central banks raised interest rates sharply on Thursday, opting for a bigger rise than the US Federal Reserve as inflation in the region remains near historically high levels. The European Central Bank (ECB) and the Bank of England both lifted rates by another half a percentage point. Benchmark interest …

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Central banks set to signal interest rate glide path in crucial week

A screen displays the Fed rate announcement as a trader works on the floor of the New York Stock Exchange (NYSE), November 2, 2022. Brendan McDermid | Reuters The US Federal Reserve, European Central Bank and Bank of England are all expected to hike interest rates once again this week, as they make their first …

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Millions of Americans earning $100K are living paycheck to paycheck: survey

More than half of Americans earning six-figure salaries admitted they were living paycheck to paycheck last year as high inflation slammed households, according to an alarming study released this week. As of the end of December, 51% of Americans with $100,000 or more in annual income said they lived paycheck to paycheck, according to the …

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IMF: Global economic outlook slightly ‘less gloomy’ than expected

London CNN — The global economy will weaken this year as rising interest rates and Russia’s war in Ukraine continues to weigh on activity. But economists are more optimistic than they were just a few months ago. The International Monetary Fund said Monday that it now expects global growth will slow from 3.4% in 2022 …

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Investors dangerously ignoring bear market impact on earnings

Famous short seller Jim Chanos sees an alarming trend in the market. “I’ve been on the Street [since] 1980 [and] not one bear market has ever traded above nine times to 14 times the previous peak earnings,” the Chanos & Co. founder told CNBC’s “Fast Money” on Monday. His latest warning comes in the midst …

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