The sharp policy U-turn by Liz Truss, Britain’s prime minister, reveals the perils of taking the wrong path in the fight against scalding inflation.
Tag: Currency
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Businesses Brace for Currency Chaos in Asia
A 1997 financial catastrophe casts a long shadow in countries that are seeing the value of their money plunge to record lows.
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Wall Street ends an ugly quarter with a whimper.
The S&P 500 on course for its third straight weekly fall and its third straight quarterly slump, the kinds of losses investors have not faced since 2009.
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Eurozone Inflation Sets Another Record, Hitting 10 Percent in September
Jumps in energy and food prices again pushed inflation in the 19 countries that use the euro to the highest annual rate recorded since the currency was created.