Tag: hikes

UK media report 60bn GBP in tax hikes and spending cuts incoming

<p>UK Chancellor Hunt is ready to stipulate the fiscal tightening on Monday says UK media</p><ul><li>circa 35bn GBP in tax will increase</li><li>circa 35bn in spending cuts </li></ul><p>UK PM Sunak and Chancellor Hunt:</p> ...

Dollar rallies as Fed signals more rate hikes; pound drops By Reuters

© Reuters. FILE PHOTO: U.S. Dollar banknotes are seen in this illustration taken July 17, 2022. REUTERS/Dado Ruvic/Illustration By Amanda Cooper LONDON (Reuters) - The dollar rose on Thursday, buoyed by a sharp rise...

Asia FX Slips as Powell Talks Tough on Interest Rate Hikes By Investing.com

© Reuters. By Ambar Warrick Investing.com-- Most Asian currencies fell on Thursday as hawkish comments from the Federal Reserve showed that U.S. interest rates are likely to remain elevated for longer, while weak economic...

Fed fee hikes may go even additional than anticipated as Powell commits to stomp out inflation

The Federal Reserve stays set on beating inflation and will elevate charges to a fair higher-than-expected stage, although it could scale back the dimensions of its future fee hikes.The Fed raised its goal...

Gold Is Best Place To Be, S&P The Worst As Fed Hikes

By Ven Ram, Bloomberg Markets Live reporter and strategistGold is the most resilient asset to own if the Federal Reserve continues to raise rates, while stocks are the worst place to be, with...

Fed Hikes Rates by 75 bp and Alters Guidance; US Dollar Outlook Post-FOMC

NOVEMBER FOMC DECISION KEY POINTSThe Fed raises its benchmark interest rate by three-quarters of a percentage point to 3.75%-4.00%, in line with expectationsThe FOMC statement alters forward-guidance to note that it will take...

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