From the Fed to the currency crisis in Europe, here’s what’s behind this sell-off in the financial markets:

Trader on the floor of the NYSE, June 7, 2022. Source: NYSE Stocks fell sharply, bond yields rose and the dollar strengthened Friday as investors heeded the Federal Reserve’s signal that the battle with inflation could lead to much higher interest rates and a recession. The sell-off was global on Friday, in a week in … Read more

Ten-year Treasury yields fall as markets process Fed rate hike

The benchmark 10-year Treasury yield fell Friday as markets adjusted to the Federal Reserve’s rate hike and turned their attention to flash PMI (Purchasing Managers’ Index) data for September to be released later in the day. The 10-year Treasury bill last traded at 3.6946%, down 1 basis point from 4:12 am ET. It had hit … Read more

European equities open in the red as investors process central bank moves

European equities opened lower Friday as investors processed a slew of interest rate hikes by the central bank from the region and beyond. The Stoxx 600 fell 0.2% at market opening, with most sectors and major exchanges trading in the red. Food and beverage, healthcare and retail were the only sectors to record gains, with … Read more

Expert predicts Americans will see utility price hikes this winter – Fox Business

Expert predicts Americans will see utility price hikes this winterFox Business Heating your home will cost $177 more this winter. This is whyFox Weather Electricity bills could rise 64% in Massachusetts this winter, National Grid warnsWCVB Boston Brace yourself: heating costs are rising this winterBuffalo News Con Edison customers hibernate to prepare for higher billsAMNY … Read more

Turkey cuts interest rates again as country struggles with inflation

The number of Russian tourists to Europe dropped dramatically during the summer, but rose in several other destinations, including Turkey (here). Onur Dogman | Sopa images | Light rocket | Getty Images Turkey’s central bank surprised markets again with its decision Thursday to cut its key interest rate, despite inflation in the country soaring above … Read more

Swiss central bank raises interest rates as inflationary pressures hit hard

Swiss National Bank (SNB), the central bank of Switzerland. COFFRINI FABRICS | AFP | Getty Images The Swiss National Bank on Thursday raised its benchmark interest rate to 0.5%, a shift that will end an era of negative interest rates in Europe. The 75 basis point hike follows a rise to -0.25% on June 16, … Read more

European markets open to closing, BOE and SNB tariff decisions

Market open: Fortum up 4%, Accor down 6% Shares of Fortum rose again in early trading Thursday after the Finnish company agreed to sell its 56% stake in German utility Uniper to the German government. The state energy company shifted its stake in a nationalization deal. French hospitality company Accor saw its shares fall 6.3% … Read more

European markets open to closing, BOE and SNB tariff decisions

Market open: Fortum up 4%, Accor down 6% Shares of Fortum rose again in early trading Thursday after the Finnish company agreed to sell its 56% stake in German utility Uniper to the German government. The state energy company shifted its stake in a nationalization deal. French hospitality company Accor saw its shares fall 6.3% … Read more

White House receives local officials, praises policy impact | Health, medicine and fitness

By JOSH BOAK – Associated Press WASHINGTON (AP) — The White House has made another effort to show local governments what it can do for their communities, hosting officials from North Carolina to highlight funding opportunities and hear first-hand how emergency relief, infrastructure dollars and other policies run locally. Thursday’s event reflects an expansion in … Read more

Investors brace for potential rate cut amid 80% inflation in Turkey

An electronic board displays exchange rate information at a currency exchange office in Istanbul, Turkey on Monday, August 29, 2022. Nicole Tung | Bloomberg | Getty Images Investors are bracing for another potential rate cut – or simply a hold on current interest rates – as Turkey refuses to follow economic orthodoxy in its fight … Read more