New Zealand’s central bank raised its key interest rate for the first time in three years, signaling it wants to move to less stimulatory settings as inflation pressures emerge.
\n\n
New Zealand’s central bank raised its key interest rate for the first time in three years, signaling it wants to move to less stimulatory settings as inflation pressures emerge.
Three consecutive downside inflation surprises and the slowest private-sector wage growth since 2020. It should be enough to convince investors that the Bank of England is entertaining interest rate cuts.
An unprecedented transfer of wealth in the coming decades is likely to disproportionately benefit America’s most affluent families, boosting their fortunes by trillions of dollars, according to a July report…