Bank of England makes biggest rate hike in 27 years, warns of recession until 2024 – National | Globalnews.ca

The Bank of England raised interest rates in the biggest hike in 27 years on Thursday…

U.S. Trade Deficit Narrows as Energy Exports Rise

The U.S. trade deficit narrowed sharply in June to its lowest level in six months as…

Forget the Economy: Central Bankers Will Only Care about Inflation

Not even a floundering economy will stop central bankers from prioritizing their inflation mandates. On Thursday,…

Bank of England Makes Biggest Rate Rise Since 1995 as Inflation Soars

LONDON—The Bank of England raised its key interest rate by a half percentage point Thursday, the…

Brazil’s Central Bank Raises Selic Lending Rate to 13.75%, Considers Increase in September

SÃO PAULO—Brazil’s central bank raised its benchmark interest rate as expected Wednesday, the 12th consecutive time,…

Recession Risks Are Mounting. Here’s Why Businesses Are Still Hiring.

Demand for labor to make goods and provide services has so far remained well above the…

What the $1.3 Billion Mega Millions Jackpot Reveals About the Economy

A surge in lottery-ticket sales can be an economic indicator of sorts.

Fed Official Says Economy Needs Rate Setting That Slows Economic Growth

Chicago Federal Reserve President Charles Evans said he is hopeful the central bank will be able…

Snack, Deodorant Makers Target Cost-Conscious Shoppers With New Brands and Sizes

Consumer-goods companies girding for an economic downturn are rolling out different package sizes, launching new affordable…

U.S. Factories Are Far From Recession

Historically, even garden-variety economic slowdowns, much less full-blown recessions, have sent U.S. manufacturers into a deep…