The door slams on the Fed’s “put” as the pain of the market takes a back seat to the fight against inflation

WASHINGTON, Sept. 28 (Reuters) – In the month since Federal Reserve Chairman Jerome Powell established a hard line on inflation, stocks have taken double-digit losses, opened gulfs in global currency markets, and safer US government debt yields have it has risen to its highest levels since the dark days of the financial crisis nearly a … Read more

Fed officials pin down market volatility, saying inflation remains the center of attention

Register now for FREE unlimited access to Sign in WASHINGTON, Sept. 26 (Reuters) – US Federal Reserve officials on Monday dismissed increasing volatility in global markets, from plummeting US equities to foreign currency turmoil, and said their priority remains domestic inflation control. . Asked at a Washington Post event whether he felt US investors … Read more

England’s gas fracking ban was lifted in support of energy independence

Register now for FREE unlimited access to Sign in Britain pushes to increase domestic energy supply The moratorium has been in effect since 2019 More research is needed to assess the risk of tremors The BGS survey says challenges remain on forecasting impact LONDON, Sept. 22 (Reuters) – Britain formally lifted a 2019 moratorium … Read more

Central banks raise rates again as the Fed leads the fight against global inflation

Rates increased from Britain to Indonesia after the Fed’s move Investors are pricing in larger hikes from the ECB Japan intervenes as the yen plummets Emerging market currencies under pressure FRANKFURT / WASHINGTON, Sept. 22 (Reuters) – Global central banks continued to raise interest rates on Thursday as the U.S. Federal Reserve struggled with inflation … Read more

Column: The recession will be necessary to rebalance the oil market

LONDON, 22 Sept. (Reuters) – Spare capacity in world oil production has fallen to exceptionally low levels, contributing until very recently to intense upward pressure on prices. Restoring spare capacity to more comfortable levels will require a downturn in the business cycle, which is why a recession or at least a major slowdown is inevitable. … Read more

The UK eases the pressure on businesses by cutting energy bills in half this winter

Register now for FREE unlimited access to Sign in Wholesale electricity, gas bills capped from October The level will be below half of the current market prices The government says the deal will prevent companies from collapsing LONDON, Sept. 21 (Reuters) – The UK government announced Wednesday that it will limit wholesale electricity and … Read more

The Italian right-wing bloc ready for electoral victory: five questions for the markets

Register now for FREE unlimited access to Sign in MILAN, 19 Sept. (Reuters) – Italy’s right-wing bloc looks set to win a majority in both houses of parliament in next Sunday’s elections, at a time when soaring energy prices and rising interest rates create challenges increasing for the heavily indebted state. Giorgia Meloni, leader … Read more

Analysis: This could hurt: the tectonic plates of the global economy shift

Beyond the cost of living crisis, broader trends are at play Demographics, geopolitics, environmental costs weigh heavily Monetary quick fixes are not enough; deeper reforms needed LONDON, Sep 12 (Reuters) – When the Shannon family announced the closure of their garden center just off London’s busy South Circular Road after 33 years in business this … Read more

Biden, unions, railroad executives fight for a deal as closure looms

DETROIT / LOS ANGELES, Sept. 14 (Reuters) – Biden administration officials hosted labor contract talks late Wednesday to head off a potential rail closure that could disrupt freight shipments and prevent supplies of food and fuel. but a small union refused a deal and Amtrak canceled all long-distance passenger travel. Railways, including Union Pacific (UNP.N), … Read more

Japan signals the possibility of the yen intervention; unconvinced market

A Japanese yen banknote is visible with an exchange rate graph in this illustrative photo taken on June 16, 2022. REUTERS / Florence Lo / Illustration Register now for FREE unlimited access to Sign in News of the rate control pushes the yen away from the 24-year low The authorities will not announce the … Read more