As the Federal Reserve’s intensifying fight against inflation sinks every asset on Wall Street, investors are asking: Why buy now when things could get cheaper still?
Another hurricane has devastated Puerto Rico, with over one million people still without power as of Thursday morning
Business surveys indicate that economic activity in Europe declined sharply in September, raising the risk of recession as governments grapple with surging prices and disruptions from Russia’s attack on Ukraine.
The dollar’s march to record highs is sweeping aside other currencies, with the euro and pound hitting fresh multi-decade lows on Friday.The common currency slid 1% to its weakest since 2002, while the pound dropped as much as 2.1% to its lowest in 37 years, putting it on track for its worst week since early May. That came as a gauge of the greenback hit another all-time high...
Federal Reserve officials and their counterparts around the world are trying to defeat inflation by rapidly raising interest rates. They know it will come at a cost.