INFLATION

US Jobs Growth Solid But Slowing Amidst Inflation Fight

November 4, 2022 November 4, 2022

US bond growth continues at a solid, albeit slowing pace, despite rising prices and higher borrowing costs weighing on the economy. Employers added 261,000 jobs in October, while the unemployment rate rose slightly to 3.7%, the U.S. Department of Labor said Friday. The news comes as the economy remains a concern for voters ahead of …

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The Fed hikes US interest rates to fresh 14-year high

November 2, 2022 November 2, 2022

The Federal Reserve announced it would raise interest rates by 0.75 percentage points, the highest rate since the start of 2008. The bank hopes the increased cost of borrowing will cool the economy and reduce price inflation. But critics fear the moves could trigger a serious downturn. The latest hike takes the bank’s key rate …

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