US Federal Reserve Board Chairman Jerome Powell faces reporters after the Federal Reserve raised its target interest rate by three-quarters of a percentage point to stem a disruptive surge in inflation. Reuters
Stubbornly hot US inflation is fueling bets that the Federal Reserve will get more aggressive about trying to cool price pressures and even potentially ditch its own forward guidance
US underlying consumer prices increased solidly in August, leading to the largest annual gain in a year, but rising inflation is unlikely to deter the Federal Reserve from cutting interest rates again next week to support a slowing economy.
World shares dipped on Monday as the US Senate’s passage of a $1.9 trillion stimulus bill put fresh pressure on Treasuries and tech stocks with lofty valuations, raising inflation jitters.
India celebrated the 153rd birth anniversary of Mahatma Gandhi, who led the Indian freedom movement from 1920 to 1947 as leader of the Indian National Congress (INC), on October 2. He resigned from the party membership midway in that quarter century he led the Indian freedom movement but he was the unchallenged leader
Jair Bolsonaro considerably outperformed expectations in Brazil’s presidential election, proving that the far-right wave he rode to the presidency remains a force and providing the world with yet another example of polls missing the mark. The most-trusted opinion polls had indicated leftist former President Luiz Inácio Lula da Silva
Rarely, outside of rallycross and supermarket car parks frequented by joy riders, can a U-turn have been executed so rapidly. The plan to ditch the 45p top rate of tax has been scrapped. The emblem of the drive to make the British abandon their obsession with “fairness” is no more. So much for the “plan for growth”, then. So much for Kwasi