Fed Hiking Rates to 6.5% Is ‘Real Risk’ for UBS Strategists
The combination of strong US growth and sticky inflation is raising the odds the Federal Reserve hikes rather than cuts interest rates, bringing borrowing costs...
Gold Hits Fresh High as Israel Prepares for Strike by Iran or Proxies
Gold surged to a fresh record as simmering Middle East tensions intensified buying momentum. Bullion broke the $2,400-an-ounce mark for the first time on Friday...
Global markets and US futures slide as Fitch downgrades US debt rating
Hong Kong/London CNN — Global stock markets fell Wednesday after ratings agency Fitch downgraded its US credit rating, citing “a steady deterioration in standards of...
Bank of England calls for urgent action on funds that nearly toppled UK financial system
London CNN — The Bank of England has called for urgent action to address a weak spot in the UK financial system as persistent worries...