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Analysis: The pain of breaking inflation will reverberate around the world

Analysis: The pain of breaking inflation will reverberate around the world

JACKSON HOLE, Wyo, Aug. 29 (Reuters) – The message from the world’s top financial officials is loud and clear: rampant inflation is here to stay and taming it will require an extraordinary effort, likely a recession with job losses and shock waves. developing markets. This price is still worth paying, however. Central banks have spent …

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Dollar Rises Higher As Markets Brace For Longer Interest Rates Rise

Dollar Rises Higher As Markets Brace For Longer Interest Rates Rise

US dollar banknotes are shown in this illustration taken on July 17, 2022. REUTERS / Dado Ruvic / Illustration Register now to get free unlimited access to Reuters.com Register LONDON (Reuters) – The dollar rose on Monday to briefly hit 20-year highs against a basket of other currencies, as Federal Reserve Chairman Jerome Powell signaled …

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