But investors are still bracing for an aggressive response from the Fed, and they worry the central bank will tip the economy into a deep recession in its quest to bring down inflation. The Fed’s rate hikes …
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The U.K. central bank’s Monetary Policy Committee approved the hike by a majority of 6-3, taking the base interest rate up to 1%. The bank said the members in the minority preferred to increase interest rates by 0.5 percentage point to 1.25%.
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Photographer: Dimas Ardian/Bloomberg. Weather woes across the world's major producers of edible oils are adding to fears of shortages.
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And despite soaring prices, consumer spending rose faster than inflation for a third consecutive month, suggesting that rising prices haven’t cooled the desire of Americans to shop. The pandemic’s distortions to the economy are also …
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Introducing a new Accounting Today experience. Grow your practice and advance your career with deeper analysis, expert advice and actionable
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