Chancellor to set out plans for ‘new era focused on growth’ in mini-budget Kwasi Kwarteng is expected to explain how the Prime Minister's tax-cutting promises will be put into practice Wales Online · Sep 23, 2022
Unprecedented events creating ‘extremely severe’ risk of global recession – economist Adam Tooze Economic historian says Australia will largely be fine, as long as China pulls off biggest financial feat the world has ever seen The Guardian - AU · Sep 23, 2022
UK in recession and further interest rate hikes probable, Bank of England warns Threadneedle Street makes clear on eve of tax-cutting mini-budget that plans risk triggering more rate rises The Guardian - UK · Sep 22, 2022
3 Stocks You Could Take Position in This Week Recession fears have been mounting as the Fed maintains its aggressive monetary policy stance to bring inflation under control. While the market is expected to remain uncertain in the near term, we think it could be wise to add fundamentally sound stocks Genuine Parts Company (GPC), Albertsons Companies (ACI), and… StockNews.com · Sep 22, 2022
The Fed says this is going to hurt, but it matters who feels the pain Higher unemployment could be on the way, the central bank suggests. Axios · Sep 22, 2022
Tanaiste confirms Budget 2023 measures just weeks away and will benefit millions The Tanaiste suggested that those struggling will see more money “in their pockets and off their bills within weeks.” Irish Mirror · Sep 22, 2022
Central banks worldwide tighten policies to cool inflation The U.S. Federal Reserve has been the most aggressive in using interest rate hikes to cool inflation that is battering both households and businesses this year The Independent UK · Sep 22, 2022
US jobless claims rise slightly, still near lowest since May Applications for U.S. unemployment insurance ticked up from an almost four-month low, suggesting demand for workers remains healthy despite an increasingly uncertain economic outlook. Tribune News Service · Sep 22, 2022
More Americans apply for jobless aid The number of Americans filing for jobless benefits rose slightly last week despite the Federal Reserve’s year-long battle against inflation that’s intended to cool the economy and the tight labor market The Independent UK · Sep 22, 2022
Bank of England poised for another big interest rate hike Britain’s central bank is under pressure make another big interest rate hike Thursday The Independent UK · Sep 22, 2022
UK interest rate rise: Biggest hike in 14 years ‘to add £600 to some mortgages’ New interest base rate announced amid ongoing cost of living crisis The Independent UK · Sep 22, 2022
Powell's stark message: Inflation fight may cause recession The Federal Reserve delivered its bluntest reckoning Wednesday of what it will take to finally tame painfully high inflation: Slower growth, higher unemployment and potentially a recession The Independent UK · Sep 22, 2022
Fed hikes interest rates for third time According to business analysts, the Fed hasn't made a move against inflation quite this aggressive since the 1980s Salon · Sep 21, 2022
Fed raises rates 0.75 percentage points, signals more to come New forecasts show the central bank envisions a weaker economy in the coming years. Axios · Sep 21, 2022
Evening Standard · Sep 21, 2022 Energy help welcome but questions remain Today, the Government announced a cap on energy bills for businesses from October, which is intended to help them survive in the harsh economic winter. Small- and medium-sized companies in particular need stability and help with rising prices. Today’s announcement will provide some relief and the clarity they have been…
The Hindu · Sep 21, 2022 Recession unlikely to hit India due to 'not so coupled' nature with global economy: Rating agency S&P Paul F. Gruenwald, S&P global chief economist, said a lot depends on how global fund flows behave if there is a recession in the U.S. and Europe.
The Times of India · Sep 21, 2022 Explainer: What if US economy goes into recession? How it may impact India NEW DELHI: The US Federal Reserve is expected to lift interest rates by three-quarters of a percentage point for a third straight time on Wednesday and signal how much further and how fast borrowing costs may need to rise to tame a potentially corrosive outbreak of inflation.
The Guardian - UK · Sep 21, 2022 UK borrows almost twice as much as expected in August Figure of £11.8bn comes as high inflation drives interest payments to a record for the month
The Guardian - UK · Sep 21, 2022 Energy support for businesses to cost ‘tens of billions’, Rees-Mogg says; firms and schools fear cliff edge – as it happened Capping electricity and gas for six months won’t provide long-term security, schools and hospitality firms fear, as business secretary hints at more support
Evening Standard · Sep 21, 2022 Liz Truss facing new questions over economic plans as Government’s debt interest bill hits record £8.2bn ONS said central government debt interest payable was £8.2 billion in August 2022, £1.5 billion more than in August 2021
Bangkok Post · Sep 20, 2022 The risk of competitive rate hikes The world is facing the risk that major central banks will undertake competitive interest-rate hikes that may look desirable for their countries individually but could drag the world economy into an unnecessary recession.
The New Daily · Sep 20, 2022 Axe hangs over Morrison’s legacy as government gets serious before budget Slashing budget deficits have long been cast as a Treasurer’s reason for being. But Jim Chalmers was muted on Tuesday.
The Guardian - UK · Sep 20, 2022 Liz Truss signals further tax cuts could be on way in hunt for economic growth PM’s remarks suggest tax cuts set to be unveiled in Friday’s ‘fiscal event’ may not be the last, with full budget expected in November
Tribune News Service · Sep 20, 2022 Does anyone want a government job? Anyone? Businesspeople in the U.S. have been complaining for more than a year about how hard it is to hire anybody. Their public-sector counterparts have had it worse, though, and it might not just be a pandemic thing.
The Guardian - AU · Sep 20, 2022 Jim Chalmers announces $50bn improvement in federal budget compared to March projections Treasurer says improvement comes in large part from higher than expected commodity prices boosting returns from mineral exports