Monthly archive September, 2022

The Bank of England raised the benchmark rate by a half percentage point on Thursday, defying expectations for a bigger move, as policymakers assessed that the UK economy has already landed in a recession. The Monetary Policy Committee decided to Read More →

The Eurozone economic downturn deepened in September with worsening performances in both manufacturing and services with demand easing sharply as a result of the cost of living crisis, flash survey results from S&P Global showed Friday. The flash composite output Read More →

The U.S. dollar soared to a fresh two-decade high, pushing several major currencies to their multi-year lows in the process, amid mounting fears of a recession due to aggressive policy tightening by the Fed and increasing possibilities of more sharp Read More →

The UK private sector shrank at the fastest pace since early 2021 on the negative impacts of high costs and a weaker economic outlook, flash survey results from S&P Global and the Chartered Institute of Procurement & Supply showed Friday. Read More →

The U.S. dollar climbed higher on Thursday, extending gains from the previous session after the Federal Reserve raised rates by 75 basis points and signaled more hikes in the coming months to rein in inflation.Original Article Read More →

The monetary policy announcements from the Bank of England and Swiss National Bank are the major events due on Thursday. The Monetary Policy Committee of the BoE is expected to raise the benchmark rate for the seventh straight month. Markets Read More →