TheNews

In a widely anticipated move, the Federal Reserve on Wednesday announced its decision to raise interest rates by 75 basis points. The Fed said it decided to raise the target range for the federal funds rate to 2.25 to 2.50 percent in an effort to achieve its dual goals of maximum employment and inflation at a rate of 2 percent over the longer run.

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UK retailers expect sales volume to decline more markedly next month as consumers struggle to cope with the effects of the cost of living crisis, the Distributive Trades Survey results from the Confederation of British Industry showed on Tuesday.

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Bear market rally running out of steam as US data slows. Fed expected to hike another 75bps.

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Markets are discounting a 75-bps rate hike from the Fed this week. Is that enough for the US Dollar?

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WTI prices have declined rather significantly as recession concerns build despite supply remaining extremely tight. Next week's Fed rate hike could add to that: on Wednesday the FOMC (the Fed’s rate setting committee) will decide by how much they are to raise the US Federal Funds Rate with markets expecting 75 basis points. Continuing to hike into weakness could add to recession fears and result in demand being revised lower along with oil prices. ...