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Tag: Economy

business

High interest rates are temporary, says Andrew Bailey

July 12, 2022 - by swami-vivekanand - Leave a Comment

While more rate rises are on the way, Bailey’s comment about a return to “low global equilibrium” is one of the first suggestions that the Bank expects higher rates to …

High interest rates are temporary, says Andrew Bailey Read More
world

Friday’s jobs report could be telling as recession worries mount

July 8, 2022 - by swami-vivekanand - Leave a Comment

The monthly government employment snapshot from the Bureau of Labor Statistics is expected to show continued strength — smaller, but still significant, job gains of around 272,700 and an unemployment …

Friday’s jobs report could be telling as recession worries mount Read More
sport

Oil drops below $100 a barrel for first time since early May

July 5, 2022 - by swami-vivekanand - Leave a Comment

The price of West Texas Intermediate crude tumbled by almost 10% Tuesday, falling below $98 per barrel. Brent crude oil was down by more than 10%, to below $102 per …

Oil drops below $100 a barrel for first time since early May Read More
business

Brace for more pain ahead after a plunge in sterling

July 5, 2022 - by swami-vivekanand - Leave a Comment

A depreciation drives up inflation by making imported goods more expensive. For example, a barrel of oil priced in dollars will be more costly because the pound has fallen. A …

Brace for more pain ahead after a plunge in sterling Read More

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