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Fed officials backed another rate hike as they monitored the impact of bank stress on the economy, while new emergency lending data showed continued financial focus. Cleveland Fed President Loretta Mester, usually one of the more hawkish policymakers, said she favours rates above 5% because inflation remains too high.But she tempered the message, arguing that…

Prices in UK shops are rising rapidly, suggesting the cost of living crisis is far from over. The British Retail Consortium said store price inflation accelerated to 8.9% this month, the highest for the index since 2005 and up from 8.4% in February. According to one of the country’s most prominent online grocers, deflationary inflation…

Goldman Sachs said UK inflation would fall below the Bank of England’s 2% target by the end of the year if the 2,500-pound ($3,014) cap on household energy bills in this week’s budget is extended. The rapid cooling in price growth will ease the pressure on the Bank of England to continue aggressive rate hikes…

According to reports, the $2 trillion venture capital industry could see a 25% to 30% portfolio cut in the wake of Silicon Valley Bank’s collapse — a potential $500 billion cut. “In the wake of SVB’s collapse, we expect greater valuation scrutiny and disclosure, especially as significant ‘trust’ capital from pension funds flows into these…

US consumer prices rose at the fastest pace in 40 years in February 2022, reflecting a sharp increase in energy and food prices as well as rising demand for goods and services as the economy recovers from the pandemic. This has raised concerns that inflation may be accelerating faster than anticipated, potentially leading to a…

As the CPI is historically high, the US and other countries are starting to raise interest rates. For example, in commercial real estate in Los Angeles, the sales volume of commercial mortgage bonds fell sharply due to rising interest rates, plummeting by about 85% year-on-year. Adding to the pressure is a recent spate of defaults…

Gold price is looking to build on the previous rally above $1,850 as bulls gather pace for the next push higher. However, the bright metal is struggling to find new demand as investors turn cautious and flock to safety in the US Dollar. Meanwhile, the US Treasury bond yields are holding near weekly lows, limiting…