Market RecapFed Chair Jerome Powell reiterated his hawkish tone in his testimony to the Senate Banking Committee overnight, but Wall Street seems to be taking it in stride this time (DJIA -0.01%; S&P 500 +0.37%; Nasdaq +0.95%), with…
GBP/USD Prices, Charts, and AnalysisUK Bank Rate hiked by 50 basis points to 5%.BoE will hike further if inflationary pressures persist.
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The Bank of England…
Gold Prices Still Struggling, BoE Shows Global Rates Have Further to RiseIt’s clear that rate rises are far from over, either outside the US or within.The Bank of England has just provided clear evidence that central banks have work to do.…