Bank of Japan hikes rates to 31-year high to battle inflation
Japan’s central bank on Friday raised the benchmark interest rate to 1.25% from 1.0%, a 31-year-high.
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European markets recover ahead of expected Fed rate hike
European markets recovered modestly as oil prices and bond yields eased, while investors awaited the US Federal Reserve's decision on whether to raise borrowing costs for the first time in three years.
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European markets open higher after Fed hike as US dollar hits seven-week high
European stock markets opened higher on Thursday morning, shrugging off Wall Street's decline after the Federal Reserve raised interest rates for the first time in more than three years and signalled that further hikes are likely.
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Fed raises rates for the first time since 2023 in unanimous vote defying Trump
The Federal Reserve has raised its benchmark interest rate by a quarter point to a range of 3.75% to 4%, its first increase since July 2023, in a unanimous 12-0 vote that puts Chair Kevin Warsh directly at odds with the US president who appointed him.
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US Treasury yields surge as $6bn bond buyback disappoints markets
The sell-off threatens to push up borrowing costs for American households and businesses.
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