Inflation is reaching deeper into the British economy, the bank said, as businesses raise prices and workers seek higher pay.
Tag: Banking and Financial Institutions
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The Fed Should Make Amends for Its Mistakes
A 75-basis-point increase, along with the will to tackle inflation aggressively, would shore up the bank’s shaky credibility.
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Markets Recoup Losses as Central Banks Meet
Investors appeared mostly unsurprised by the Federal Reserve’s announcement of a large rate increase, with the S&P 500 closing up 1.4 percent.
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Crypto Firms Quake as Prices Fall
Crypto companies are laying off staff, freezing withdrawals and trying to stem losses, raising questions about the health of the ecosystem.
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What to Know About Bear Markets
There have been several instances of near-bear markets in recent decades, but it’s rare for them to hit the threshold.