Corporate greed is jacking prices higher. It could push customers over the edge | CNN Business
Inflation is ravaging shoppers' wallets and the Federal Reserve has responded by instituting a regimen of painful interest rate hikes...
central banks
Banks aren’t out of the woods yet and neither is the economy. Here’s why | CNN Business
CNN — Markets seesawed severely this week when two of the US economy’s most prominent leaders gave seemingly contradictory statements...
Five big takeaways from the Fed’s extraordinary meeting | CNN Business
A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign...
Swiss central bank says crisis halted as it hikes interest rates | CNN Business
London CNN — Switzerland’s banking crisis has been halted, the country’s central bank said Thursday as it hiked interest rates...
Global banking crisis: What just happened? | CNN Business
London CNN — On March 10, the biggest failure of a US bank since the global financial crisis was playing...
Fed and other central banks try to head off crisis by keeping dollars flowing | CNN Business
London CNN — The US Federal Reserve and several other major central banks announced a coordinated effort Sunday night to...
The banking meltdown put the Fed in a bind | CNN Business
A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign...
Bank of Japan keeps low rates as Kuroda sticks to script at swan song meeting | CNN Business
Tokyo Reuters — The Bank of Japan (BOJ) maintained ultra-low interest rates on Friday and held off making changes to...
Australia’s central bank signals more tightening ahead after hiking rates to decade high | CNN Business
Sydney Reuters — Australia’s central bank raised its cash rate by 25 basis points to a decade-high of 3.35% on...
Inflation in Japan hits highest level in 41 years | CNN Business
Tokyo Reuters — Japan’s core consumer prices in December rose 4.0% from a year earlier, double the central bank’s 2%...
Here’s what could tip the global economy into recession in 2023 | CNN Business
London CNN — The global economy has endured a tough year, with decades-high inflation sapping post-lockdown spending and pushing central...
First on CNN: Defense bill takes aim at Russia’s pot of gold | CNN Business
New York CNN Business — A must-pass defense bill now being negotiated in Congress includes new sanctions designed to trip...
Fed Lifts Interest Rates by Half-Point in Biggest Hike Since 2000
The Federal Reserve approved a rare half-percentage-point interest rate increase—the largest since 2000—and a plan to shrink its $9 trillion...
