Something broke, but the Fed is still expected to go through with rate hikes

Federal Reserve Chairman Jerome Powell testifies during the Senate Banking, Housing, and Urban Affairs Committee hearing…

Major central banks set to signal interest rate glide path in crucial week for monetary policy

A screen displays the Fed rate announcement as a trader works on the floor of the…

Japanese yen weakens as Bank of Japan makes no changes to yield curve range

People cross a street in Tokyo’s Ginza district. The Bank of Japan left its monetary policy…

Central banks around the world have now given the markets a clear message — tighter policy is here to stay

A screen displays the Fed rate announcement as a trader works on the floor of the…

U.S. likely headed for mild recession in 2023, former Boston Fed President Eric Rosengren says

A U.S. recession is “quite likely” next year as persistent inflationary pressures force the Federal Reserve…

Markets need to ‘re-anchor their thinking’: Bank of England chief economist hints that traders have it wrong

LONDON — The Bank of England remains committed to its “key goal” of bringing down inflation,…

Bank of England raises its benchmark rate by 75 basis points, its biggest hike in 33 years

A passageway near the Bank of England (BOE) in the City of London, U.K., on Thursday,…

The crisis is over for the British pound, but analysts see further weakness ahead

Traders in London. DANIEL LEAL-OLIVAS | AFP | Getty Images LONDON — The British pound is…

Fed approves 0.75-point hike to take rates to highest since 2008 and hints at change in policy ahead

The Federal Reserve on Wednesday approved a fourth consecutive three-quarter point interest rate increase and signaled…

Bank of England set for biggest rate hike in 33 years, but economists expect dovish tilt

Buses pass in the City of London financial district outside the Royal Exchange near the Bank…