Close Menu

Financial Times - Powell signals return of larger Fed rate rises amid battle to cool inflation

Summary of the front page

The head of the US Federal Reserve, Jay Powell, has warned that the country’s central banking system could return to higher interest rates in a bid to tackle inflation, the Financial Times reports.

The paper says the comments led to 1% falls on both the S&P 500 and the Nasdaq share indexes and traders are now expecting a half-point rise when the Fed meets later this month.

The front page also reports on the EU demanding Elon Musk to hire more staff to moderate misinformation on Twitter. 

Today's top stories

Like this article?

Leave a comment

Advertisment
Save 70% on VIP subscription
News Briefings - the way to a better life
News Briefings - the way to a better life
Advert by Sponsors
More from WTX News
The latest gaming news - with game reviews and tips and tricks. updated 24 hours a day.
The latest gaming news