British Pound Loses Ground as Economic Outlook Dims
On Tuesday, the British pound fell to its lowest level in two years as investors grew increasingly concerned about the UK economy. The pound has been under pressure in recent months due to a number of factors, including rising inflation...
british pound
business environment
economic outlook
export earnings
government spending
import prices
inflation
interest rates
investment
political uncertainty
slowing economic growth
BlackRock CEO Expects More Rate Hikes as Inflation Persists
May 31, 2023
Larry Fink, CEO of BlackRock, the world's largest asset manager, said on Wednesday that he expects the Federal Reserve to continue raising interest rates in an effort to combat inflation.
"Inflation remains sticky," Fink...
Credit to: https://www.marketwatch.com/
On Wednesday, the Federal Reserve announced that it would raise interest rates by a quarter of a point and signaled a potential end to future hikes. The decision came amid concerns about U.S. economic fragility and over the objections of some lawmakers...