Met officers deny offensive WhatsApp messages with murderer Wayne Couzens March 16, 2022 Two serving Met police constables and an ex-officer have denied sharing grossly offensive WhatsApp messages with Sarah Everard's murderer Wayne Couzens.
Interview: Former rate setter Andrew Sentance on Governor Bailey’s ‘off the cuff’ remarks and where the BoE went wrong March 16, 2022 It is often a mark of how dire an economy’s situation is when incremental rises in interest rates hit the front pages. The worst cost of living crunch in a generation has, however, sent the Bank of England to the front of many households’ minds. Those outside of the City care less about the vagaries [...]
Bitcoin back above $40k as crypto correlation grows March 16, 2022 The crypto markets are looking a little perkier today, with the price of Bitcoin (BTC), the world's largest cryptocurrency by market capitalisation, briefly breaking above the $41,000 mark.
What impact is inflation having on the Nasdaq? March 15, 2022 Rising US CPI inflation has caused the Nasdaq to fall but can we expect a correction with with interest rates expecting to rise? 2022 has not been kind to the NASDAQ Composite. After climbing from a covid-19 pandemic low of 6,880 points on 20 March 2020 to an intraday record of 16,212 points on 22 November 2021, it [...]
‘They are lying to you’: Watch as millions of Russian jaws drop after woman interrupts live news broadcast in Moscow March 15, 2022 There was outrage, confusion and disbelief across Russia last night as a woman interrupted the main news program on state broadcaster Channel One with an anti-war banner. Tens of millions of ordinary Russians who had tuned in for the daily news broadcast saw how a woman appeared on their screens with a sign that said [...]
The City View: The Fed considers a rate hike, and India considers Russian oil March 14, 2022 On today’s episode of The City View, Andy Silvester chats to City A.M. reporter Jack Barnett about firms raising their prices; whether the Fed and the Bank of England will hike rates, and by how much; and what we can expect of inflation by this October. Andy also takes us through the headlines: Rio Tinto [...]
US Federal Reserve to hike rates for first time in over three years March 14, 2022 The US Federal Reserve will hike interest rates for the first time in over three years on Wednesday as the central bank takes the first step in shifting policy from supporting the American economy through the pandemic to taming runaway inflation. Fed Chair Jerome Powell and the rest of the Federal Open Market Committee (FOMC) [...]
£24bn Brexit rebound: UK goods imports from EU overtake non-EU trade while Russian influx soars March 12, 2022 Goods imports from the EU rebounded fat the start of 2022, despite uncertainty over changes in HMRC methodology, to overtake Non-EU countries, after non-EU imports of goods to the UK surpassed those from the EU for the first time in 2021 since the ONS started recording the data in 1997. Over £24bn worth of goods [...]
Stateside inflation surges to over 40 year high strengthening case for rapid US Fed tightening March 10, 2022 Stateside prices are accelerating at the fastest pace in over 40 years, strengthening the case for the US Federal Reserve to front load reining in policy. Inflation in the US scaled to 7.9 per cent, according to data released by the US Bureau of Labor Statistics today, the hottest rate since January 1982. The fresh [...]
European Central Bank leaves rates negative despite inflation hitting record high March 10, 2022 The European Central Bank left interest rates unchanged in negative territory today despite inflation on the Continent running at a record high. President Christine Lagarde and co kept borrowing costs at minus 0.5 per cent, where they have been for several years, sticking with its more dovish stance toward monetary policy. The ECB has been [...]