US Jobs Growth Strong but Slowing amid Inflation Fears
The growth of jobs in the US is still solid, but at a slowing pace, despite high prices and increasing borrowing costs' weight on the economy.
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inflation
The Fed Increases Interest Rates to a 14-Year High
The US Central Bank has announced another sharp hike in interest rates as prices continue to rise.
Bank of England Says UK May Already be in Recession
The Bank of England has increased interest rates from 1.75% to 2.25% and said the UK may be in a recession already.
World Bank Warns Global Rate Hikes Could Trigger Recession in 2023
The World Bank has warned that the interest rate hikes by central banks across the world could trigger a global recession in 2023.
Eurozone Interest Rates in Record Increase to Fight Inflation
The European Central Bank has announced a record increase in Eurozone interest rates in an attempt to fight inflation. It’s lifted all of its main rates by ¾ of a percentage and said that a further rise could be expected later this year.
