News

Persistent high inflation may lead the Fed to keep up the regular rate hikes till the fed funds rate reaches 5.5%.

The selloff to meet margin calls comes after the BOE confirmed it will end its emergency bond-buying program; reverberations were felt from Sydney to Frankfurt to New York.

Core inflation, excluding food and energy, jumped to a 40-year high of 6.6% in September from a year ago.

71% have a positive outlook on demand, but only 57% are confident they can control costs, according to a new Grant Thornton survey.

To date, the federal program has approved over $7.7 billion to plans that cover more than 154,000 workers, retirees, and beneficiaries.

Because there are fewer M&A deals to finance, lenders are focusing on giving loans to corporations looking to cover rising expenses amid high inflation.