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Asia joins Wall St plunge as Powell wrecks Fed pivot hopes
Asia joins Wall St plunge as Powell wrecks Fed pivot hopes
by  AFP

Asian markets sank Thursday after the Federal Reserve hiked interest rates and boss Jerome Powell suggested they would go higher than expected, blowing a hole in hopes for a more dovish pivot in its fight against inflation.

Bank of England set for biggest rate hike in 33 years
Bank of England set for biggest rate hike in 33 years
by  AFP

The Bank of England is widely expected to hike its key interest rate on Thursday by the biggest amount since 1989 as it bids to cool sky-high British inflation. The Bank of England started raising rates last December and another hike Thursday would be the eighth increase in a row.

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