• Travel Mag Search: Reservations

      Receive the "Europe" Newsletter by email

  • Dow falls 578 points as investors digest interest rate hikes from central banks around the world

    14 days ago - By Business Insider

    Lucas Jackson/Reuters US stocks tumbled on Thursday as investors digested interest rate hikes from central banks around the world. The US Fed raised interest rates by 75 basis points on Wednesday in a bid to contain rising inflation. Central banks in England, Switzerland, Taiwan, and Brazil all raised interest rates this week. US stocks fell on Thursday, giving up most of their gains seen on Wednesday following the Federal Reserve meeting as investors digested further interest rate hikes by central banks around the world. The Fed hiked interest rates by 75 basis points on Wednesday, the...
    Read more ...

     

  • Morgan Stanley's chief strategist called the last 3 crashes - and he says the Fed's latest rate hike just raised the odds of recession

    14 days ago - By Business Insider

    Federal Reserve chair Jerome Powell announced that interest rates would rise 75 basis points on Wednesday.
    The Federal Reserve's biggest rate hike since 1994 makes a US recession more likely, Morgan Stanley's Mike Wilson said.
    "You're bringing rate hikes forward even faster... the Fed is hiking into a slowdown," Wilson told CNBC.
    The one thing the market got wrong this year is rates went up even faster than expected, the strategist said.
    The Federal Reserve has just delivered its largest rate hike since 1994, and that heightens the risk the US will eventually slip into recession...
    Read more ...

     

  • Wells Fargo says the US will fall into recession after the Fed delivers its biggest rate hike since 1994

    14 days ago - By Business Insider

    U.S. Federal Reserve Chairman Jerome Powell speaks to reporters after the Federal Reserve cut interest rates in an emergency move designed to shield the world's largest economy from the impact of the coronavirus, in Washington, U.S., March 3, 2020. Kevin Lamarque/Reuters
    Wells Fargo said the US economy will tip into a recession in 2023 after the Fed hiked interest rates by the most since 1994.
    The Fed's move caused analysts across Wall Street to lower their growth expectations for the US economy.
    The central bank itself envisages having to cut rates in 2024, suggesting it expects growth to...
    Read more ...

     

  • Global stocks head for another week of losses after the Fed's rate hike, as inflation and growth fears persist

    14 days ago - By Business Insider

    Stocks look set for another week of losses, with investor uncertainty rising after the Fed's latest interest rate decision. Reuters
    US stocks slipped in early-morning trading as investors digested the Federal Reserve's latest move.
    Bond market volatility continued, while the dollar again edged towards a new 20-year high.
    European stocks also fell after Wednesday's emergency European Central Bank meeting.
    Stocks look set to end a third week in a row in the red, with US futures and world indices sliding on Wednesday, in a week of historic central bank action to tackle inflation. Investors...
    Read more ...