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
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
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
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