Banks

‘The Fed is breaking things’ – Here’s what has Wall Street on edge as risks rise around the world

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Jerome Powell, chairman of the US Federal Reserve, during a Fed Listens event in Washington, DC, US, on Friday, Sept. 23, 2022. To the Dragon | Bloomberg | Getty Images To the Dragon | Bloomberg | Getty Images As the Federal Reserve ramps up efforts to tame inflation, sending the dollar surging and bonds and … Read more

Pension fund panic led to Bank of England’s emergency intervention

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The Bank of England on Wednesday launched a historic intervention in the UK bond market in order to shore up financial stability, with markets in disarray following the new government’s fiscal policy announcements. Bloomberg | Bloomberg | Getty Images LONDON – The Bank of England launched a historic intervention to stabilize the UK economyannouncing a … Read more