The Bank of England expects UK inflation to surge to 7.25% in April, far above its target rate of 2%.
The Fed is poised to start raising interest rates in March. Yet higher rates can't solve supply shortages or keep Americans from buying key goods.
Inflation surged to 7.5% in January, the most since 1982. We've rounded up the views of some of the world's biggest banks and funds.
The MicroStrategy CEO explained why bitcoin beats property as a store of value and what crypto for the masses could look like in a new interview.
The Boston Fed just tapped economist Susan Collins to serve as the second Black Fed president ever. Its ranks, like its policy playbook, are changing.
El-Erian said the Fed moving quickly on rate decisions will end up in a "lose-lose" situation for the equity market and the economy.
Federal Reserve policymakers signaled in December they would raise rates three times in 2022. Some economists are now predicting twice as many hikes.
Economic data, bond yields and earnings point to a more positive outlook than the market is letting on, Jefferies analyst Steven DeSanctis said.
The Fed was more "hawkish" than many investors expected Wednesday, delivering another blow to bitcoin.
Economist Mohamed El-Erian said the Federal Reserve should have been clearer on inflation after its January meeting.
The central bank indicated interest rates will start going up as soon as March. Chair Jerome Powell also did not rule out a rate hike in every meeting.
Fed officials didn't say exactly when the first rate hike will arrive, but signs point to an increase coming as early as March.
Stock market investors will interrogate Federal Reserve Chair Jerome Powell's every word for clues about monetary policy when he speaks later.
"This raises the possibility of a hike or an earlier balance sheet announcement in May, and of more than four hikes this year," Goldman said.
Jones cautioned that hiking interest rates and reducing stimulus would hit the prices of numerous assets, and backed commodities to outperform.
A US recession is likely in the next couple of years, but investors have other shorter-term worries too, Jeffrey Gundlach said.
The central bank signaled Wednesday it will raise interest rates three times in 2022. The Fed's fight against pandemic-era inflation is on.
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