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The Latest Breaking News from Recession

Bank of England hikes rates again, warns on recession

London (AFP) - The Bank of England hiked its interest rate sharply again Thursday to combat decades-high inflation but warned the UK economy was slipping into recession.

AFP

UK in recession as Bank of England hikes interest rates to highest since 2008

Interest rates have risen to 2.25% from 1.75% – the highest level since November 2008

Insider UK

Bank of England announces highest interest rate since 2008 - with country already in recession

The bank hopes to bring inflation under control with interest rate changes

Manchester Evening News

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Bank of England hikes rate again as UK enters recession

London (AFP) - The Bank of England hiked its interest rate again on Thursday to combat soaring inflation as it warned that the UK's economy had already slipped into recession.

AFP

Interest rates soar to highest level in 14 years as country already 'in recession'

BREAKING: Mortgage payments will rise as the Bank of England tries to cool an over-heating economy.

Daily Record

UK economy likely already in recession as Bank hikes interest rates to 14-year-high

THE UK economy is likely to be in recession after the Bank of England announced it expects GDP to fall over the next quarter and that it would hike…

The National (Scotland)

Interest rates surge to 2.25% as UK 'already in recession'

Mortgage payments will go up along with some loan and credit card debts

Wales Online

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UK in recession, says Bank of England as it raises interest rates to 2.25%

In a three-way split decision, MPC signals inflation risks outweigh short-term threat of recession

The Guardian - UK

Crude oil prices fall amid recession concerns

PTT reveals Q3 oil analysis

Bangkok Post

Old woes and new: business turmoil awaits Italy's election winner

Inflation, looming recession and impossibly high energy bills are among the daunting economic problems awaiting whoever wins Italy's election on Sunday, and they are casting a particularly long shadow over the industrial city of Terni.

Reuters

Commentary: The Fed’s monetary malpractice will cost you

The goal of the latest interest rate hike from the Federal Reserve? To avoid a deep recession “by acting with resolve now,” according to Fed Chairman Jerome Powell. But if history is any guide, this is a case of too little, too late.

Tribune News Service

'Very high chance' Hong Kong will end year in recession

Hong Kong (AFP) - Hong Kong is set to end the year in the midst of a full-blown recession, the city's finance chief warned Thursday, as spiralling interest rates join strict Covid-19 controls in hammering the economy.

AFP

Oil Rises as Supply Fears Overtake Recession Worries

Oil rebounded on Thursday after sliding 1% in the previous session as concerns over tight supplies heading into winter eclipsed fears of a global recession. Brent crude futures rose 50 cents, or 0.6%, to $90.33 per barrel by 0319 GMT, recouping their losses in early Asia trade.

Asharq Al-Awsat

Powell's stark message: Inflation fight may cause recession

The Federal Reserve delivered its bluntest reckoning Wednesday of what it will take to finally tame painfully high inflation: Slower growth, higher unemployment and potentially a recession

The Independent UK

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Al Jazeera

Hong Kong raises benchmark interest rate to 14-year high

Financial hub’s de facto central bank lifts key rate to 3.5 percent after latest rate hike in the United States.

AFP

Fed hikes rates again, warns inflation fight can't be 'painless'

Washington (AFP) - The Federal Reserve rolled out another steep increase in the key US interest rate Wednesday and said more hikes are coming as part of the battle to rein in soaring prices -- an aggressive stance that has raised fears of a recession.

StockNews.com

2 Stocks You Should Consider Leaving Behind in 2022

The stock market has witnessed wild swings amid sky-high inflation and the Fed’s rate hikes to control it. Moreover, volatility is expected to remain as the stubbornly high inflation shows no signs of slowing, and the Fed’s monetary policy tightening is raising the possibility of a recession. With another 75-basis-point…

AFP

Fed hikes rates again, says inflation fight can't be 'painless'

Washington (AFP) - The Federal Reserve raised the key US interest rate again Wednesday and said more hikes are coming as it battles soaring prices -- an aggressive stance that has raised fears of a recession.

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StockNews.com

3 No-Brainer Stocks to Buy if You Have Money to Spend

Raging inflation and the Fed’s commitment to bring it under control with rate hikes are raising recession worries. However, according to BofA, the market could see a rally later this year. Given the macro uncertainties, we think investors should add fundamentally solid stocks Microsoft (MSFT), Merck & Co. (MRK), and…

France 24

Fed hikes interest rates amid rampant inflation, despite recession risk

Intensifying its fight against high inflation, the Federal Reserve raised its key interest rate Wednesday by a substantial three-quarters of a point for a third straight time and signaled more large rate hikes to come — an aggressive pace that will heighten the risk of an eventual recession.

Al Jazeera

US Fed hikes interest rate to highest level since 2008

Announcement sparks concern that fight to contain sky-high US inflation could tip the economy into a recession.

AFP

US Fed raises key interest rate as recession fears mount

StockNews.com

3 Stocks to Buy Now That Offer Steady and Reliable Income

Rising inflation and lingering recession concerns have necessitated the need to add a defensive layer to one’s portfolio. Therefore, it could be wise to invest in fundamentally strong dividend-paying stocks PepsiCo (PEP), Costco Wholesale Corp. (COST), and Comcast Corp. (CMCSA) to generate a steady and reliable income stream. Read on….

StockNews.com

3 Stocks to Avoid as Inflation Grows More Persistent

Inflation is growing more persistent and entrenched than expected. And the Fed’s aggressive rate hikes to tame inflation are raising the possibility of a recession. Hence it might be best to avoid fundamentally weak stocks, Royal Caribbean Cruises (RCL), Unity Software (U), and Bed Bath & Beyond (BBBY) now. Read…

The New Daily

Superannuation slips in August, but overall returns are strong

Super returns slipped slightly in August as international share and money markets turned volatile but overall returns are strong.

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