Dow Jones Index Drops as Higher Rates Are on the horizon, and this can lead to a Recession
After Federal Reserve Chair Jerome Powell cautioned investors that further rate hikes are on the horizon, the Dow Jones Industrial Average dropped 0.3%, or 102 points, on Wednesday. Inflation, which came in at 4% in May, was still too high, according to Powell, who spoke before the House Financial Services Committee. He predicted that the […]
The expected increase in Bank of England interest rates; decline in blue-chip stocks
An active fire The Bank of England is expected to raise interest rates today for the thirteenth consecutive meeting. It is anticipated that the rate will rise by 0.25%, while Bank officials may contemplate raising it by 0.5% to 5% in light of yesterday’s shocking inflation report of 8.7%, which included a 31-year high for […]