If the official consumer price data Wednesday come in above analysts' forecasts, the markets could see a sharp sell-off, analysts warned. With inflation already at the highest level in 40 years, concern is growing that further interest rate increases by the world's major central banks could go too far and tip...
US Federal Reserve hints at another interest rate hike
Federal Reserve Governor Christopher Waller on Saturday threw his support behind another large interest rate increase next month. The Fed on Wednesday announced the biggest hike in nearly 30 years, raising the benchmark borrowing rate by 0.75 percentage points to rein in scorching inflation.
Ukraine crisis pushes US inflation to new four-decade high
"The Russia-Ukraine war has added further fuel to the blazing rate of inflation," Kathy Bostjancic of Oxford Economics said.
