looms

Railroad strike looms midterm, inflation: Biden team still has work to do

Railroad strike looms midterm, inflation: Biden team still has work to do

NEWYou can now listen to Fox News articles! Inflation remains at record highs as the Fed moved to raise interest rates again. These economic realities — including an impending downturn — continue to color the fast-approaching midterm elections, with Republicans building momentum to make significant gains in Congress. If things go as planned, the White …

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Bank of England raises rates to highest since 1989 even as long recession looms

Bank of England raises rates to highest since 1989 even as long recession looms

The central bank raises its discount rate to 3% from 2.25% BoE tells investors their bets on rate hikes look too big The British pound falls nearly 2% against the US dollar New forecasts show recession will last until 2024 The government is due to present its budget plans on November 17 LONDON, Nov 3 …

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