Britain’s Financial Disaster Is a Warning to the World

A toxic mix of politics, inflation and higher interest rates is threatening the financial system in the UK, sending a shock wave through global markets and providing a warning to governments everywhere of the dangers of the new economic era we are entering. A surprise tax cut by the new British government just over a … Read more

Markets are plagued by increasing economic uncertainty and geopolitical risk in the fourth quarter

Macro uncertainties have spiked as 2022 enters its final stretch, making the outlook for markets even murkier in the fourth quarter than in prior periods.

House Prices Fall as Rate Hikes Push Buyers to Sidelines

Signs are mounting that home prices have peaked, as soaring mortgage rates have deterred buyers, forcing sellers to lower their expectations. For example, the S&P CoreLogic Case-Shiller Home Price Index dipped 0.3% in July from June, the largest monthly decline since November 2014. And now Realtor.com has reported that 19.5% of home listings cut their … Read more

Fed Vice Chair Brainard warns against retreating from the inflation fight prematurely

US Federal Reserve board member Lael Brainard speaks after she was nominated by US President Joe Biden to serve as vice chair of the Federal Reserve, in the Eisenhower Executive Office Building’s South Court Auditorium at the White House in Washington, US, November 22, 2021. Kevin Lamarque | Reuters Federal Reserve Vice Chair Lael Brainard … Read more

The Silent Price You’ll Pay for Our Mounting National Debt

After an unexpectedly hawkish Federal Reserve raised interest rates by 75 basis points for the third consecutive time last week, all eyes were on markets and the economy. Few, however, paid attention to the effect persistent inflation and higher interest rates will have on Uncle Sam. That’s surprising. The gross interest expense on the national … Read more

Premarket stocks: Markets are hoping Porsche can break the IPO freeze

A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. You can listen to an audio version of the newsletter by clicking the same link. New York CNN Business — Warnings of global recession are widespread, inflation is persistent and Russia is … Read more

Fed Vice Chair Brainard warns against retreating from the inflation fight prematurely

US Federal Reserve board member Lael Brainard speaks after she was nominated by US President Joe Biden to serve as vice chair of the Federal Reserve, in the Eisenhower Executive Office Building’s South Court Auditorium at the White House in Washington, US, November 22, 2021. Kevin Lamarque | Reuters Federal Reserve Vice Chair Lael Brainard … Read more

Inflation accelerated even more than expected in August

Inflation in August was stronger than expected despite the Federal Reserve’s efforts to bring down prices, according to data Friday that the central bank follows closely. The personal consumption expenditures price index excluding food and energy rose 0.6% for the month after being flat in July. That was faster than the 0.5% Dow Jones estimate … Read more

Bank of England urgent action over UK financial crisis just a bandaid | ABC News – ABC News (Australia)

Bank of England urgent action over UK financial crisis just a bandaid | ABC NewsABC News (Australia) Thursday briefing: Tehran faces a season of dissent – and the Bank of England acts in the UKThe Guardian Market turmoil in Britain, Bank of England steps-in | 7NEWS7NEWS Australia Is the UK facing a financial crisis?Sky News … Read more

Treasury yields slip across the board as stocks try to rebound

Treasury yields fell across the board on Friday, as stocks tried to rebound from a major sell-off that sent the S&P 500 to a new 2022 low. The yield on the benchmark 10-year Treasury was down 6 basis points to 3.686% at around 6:47 am ET. The note has had a highly volatile week, soaring … Read more