Rate hikes

BEIJING | Global stocks, oil slip after Fed points to more rate hikes

BEIJING — Global stocks and the price of oil fell Friday after the U.S. Federal Reserve suggested it will keep raising interest rates, tightening the supply of money that has supported markets in recent years. KEEPING SCORE: Germany‘s DAX lost 0.7 percent to 11,442 and France’s CAC 40 lost 1.1 percent to 5,077. London’s FTSE … Continue reading BEIJING | Global stocks, oil slip after Fed points to more rate hikes

WASHINGTON | Fed’s Powell: Rate hikes should not upend the global economy

WASHINGTON— Moves by the Fed and other major central banks to raise interest rates after a long period of keeping them low should not be disruptive to the global economy, Federal Reserve Chairman Jerome Powell said Tuesday. In remarks prepared for a financial conference in Zurich, Powell said that the role U.S. monetary policy plays … Continue reading WASHINGTON | Fed’s Powell: Rate hikes should not upend the global economy