UK Budget: Britain Brings Back Austerity. Here’s why

London CNN Business – The last time a British finance minister revealed tax and spending plans, Markets worsened And the country’s prime minister after all She lost her job. The new government is not looking for a repeat performance. On Thursday, Chancellor Jeremy Hunt is set to unveil a budget aimed at restoring confidence in … Read more

One sentence from the Fed got the markets working. Then Powell spoke.

Editor’s note: A version of this story appeared in CNN Business’ Nightcap newsletter. To get it in your inbox, sign up for free, over here. New York CNN Business – The Fed has spoken. As we discussed yesterday, the Fed’s 75bp move was a foregone conclusion. The central bank announced that it would raise interest … Read more