LONDON: Global shares paused for breath on Friday as investors digested monetary policy steps from Japan and inflation data on both sides of the Atlantic in the hope of more evidence to persuade central banks to end their rate hiking cycle, according to Reuters. The Bank of Japan made its yield curve control policy more …
WASHINGTON: The Federal Reserve is expected to raise interest rates by a quarter of a percentage point on Wednesday, marking the 11th hike in the US central bank’s past 12 policy meetings and possibly a last move in its aggressive battle to tame inflation. The increase, anticipated by investors with nearly a 100 percent probability, …
LONDON: The British economy will avoid falling into recession this year, according to upgraded growth forecasts Tuesday from the International Monetary Fund. In its latest assessment of the UK economy, the Washington-based fund said domestic demand had proven more resilient than anticipated in the face of the surge in energy costs.
