Three weeks into her term, Prime Minister Liz Truss’s financial plans have thrown the markets and Britain’s currency into chaos and put her future in peril.
Tag: Interest Rates
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Markets Calm Down After Recession Fears Drive Steep Drops
Concerns about rising interest rates and the prospects of a global slowdown remain.
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Strong Dollar Is Good for the US but Bad for the World
The Federal Reserve may have no choice but to wage a relentless inflation fight, but countries rich and poor are feeling the pain of plunging currencies.
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Stock Markets Tumble as Recession Fears Return
Central banks around the world raised interest rates this week to combat inflation. That’s raising concerns among investors about an economic slump.