London CNN Business — The European Central Bank raised interest rates by a record three-quarters of a percentage point on Thursday and promised more action to come as it struggles to contain the inflationary fallout of the invasion of Ukraine by Russia and the ensuing energy crisis. This decision will bring the reference rate of … Read more
Minneapolis CNN Business — The Federal Reserve’s favorite inflation gauge showed prices took a breather last month as fuel costs continued to fall from record highs. The personal consumption expenditure price index rose 6.3% for the year to July, down from 40-year high of 6.8% recorded in June, according to data published by the Bureau … Read more
New York CNN Business — We might as well hope that the Federal Reserve will rein in its aggressive interest rate hikes. Shares fell on Monday as investors began to fear again that the central bank could raise rates by three-quarters of a point next month. The Dow ended the day with a loss of … Read more
CNN — Hundreds of demonstrators took to the streets of Freetown, Sierra Leone, on Wednesday to protest against inflation and the rising cost of living in the West African country, according to people interviewed by CNN. The protests sometimes turned violent. Graphic images and videos of beaten and seriously injured protesters and some members of … Read more
