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ECB Raises Interest Rates by 0.75 Point
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ECB Raises Interest Rates by 0.75 Point

The European Central Bank increased interest rates by three-quarters of a percentage point for the second time in a row, moving briskly to quash record inflation even as the eurozone teeters close to recession.#ECB #Raises #Interest #Rates #Point Source link

Brazil’s Central Bank Leaves Key Rate Unchanged at 13.75%
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Brazil’s Central Bank Leaves Key Rate Unchanged at 13.75%

The Central Bank of Brazil left its benchmark lending rate unchanged, but warned again that it is prepared to resume hikes if the country’s inflation doesn’t keep slowing as expected. The bank’s monetary policy committee, known as the Copom, left its key Selic rate at 13.75% for the second consecutive meeting. The committee had raised...

Premarket stocks: Don’t be fooled by a strong GDP report
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Premarket stocks: Don’t be fooled by a strong GDP report

A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. You can listen to an audio version of the newsletter by clicking the same link. New York CNN Business  —  Imminent recession is the topic du jour. From Goldman Sachs to the IMF,...

Home prices are finally falling. But how low will they go?
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Home prices are finally falling. But how low will they go?

The US housing market is in the midst of a major shift. After two years of stratospheric price appreciation, home prices have peaked and are on their way back down. But what homebuyers and homeowners alike want to know is: How much lower will prices go? The short answer: Prices are likely to drop further,...

US, European shares rise on hopes Fed will slow interest rate hike pace
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US, European shares rise on hopes Fed will slow interest rate hike pace

U.S. and European shares rose on Monday as signs of a cooling U.S. economy raised hopes that the Federal Reserve will slow its pace of rate hikes. The dollar weathered another suspected Japanese intervention to rise against the yen. The Dow Jones Industrial Average rose 346.66 points, or 1.12%, to 31,429.22,...